Red Dot Leads Mave’s $28M Bet on AI Security Investigators

Mave, an Israeli start-up that uses AI to investigate security alerts, said on 22 October 2026 that it has raised $34 million, including a $28 million Series A led by Red Dot Capital Partners, in an announcement distributed by PR Newswire. CTech, the English-language site of Israel’s Calcalist, reported the round the same day.

The number Mave puts forward is growth. The company says it is “already closing 7-figures deals, growing its ARR more than 400% over the last year.” ARR, annual recurring revenue, is the yearly value of a company’s subscriptions. Mave did not give the revenue level itself in what we read.

Business Pill · HUMAN ON THE LOOP

A short Business Engineer explainer on supervising AI agents: a human in the loop approves each step, a human on the loop watches and can step in. It teaches the general idea only and says nothing about Mave or any company in this piece.

What Mave Announced

• The round. The $28 million Series A was led by Red Dot Capital Partners, with participation from Lumir Growth Partners, according to the release. Dell Technologies Capital and Emerge Ventures, which led Mave’s $6 million seed round, “also doubled down on their investment and participated in the Series A.”
• The use of the money. The release says the funding will be used “to accelerate Mave’s frontier AI research, strengthen the enterprise product lines and increase the company’s global presence.”
• The product. Mave says its system “queries each tool in its native language, reconciles the results into one account of what happened, and investigates 100% of alerts within minutes.” It works across a company’s existing security tools “without needing to ingest data,” the release says.
• The customers. Per the release, “Fortune 50 companies and global MSSPs are using Mave”. An MSSP, a managed security service provider, runs security operations for other companies. Mave did not name customers in what we read.
• The team. Mave was founded in 2025 by Raziel Oren, its chief executive, and Guy Eshel, both veterans of Israel’s 8200 intelligence unit, and has grown to more than 30 employees, the release says.

Mave in Numbers

Every figure below is Mave’s own, from its release or as reported by CTech. None has been independently verified.

Sources: Mave’s release via PR Newswire, 22 October 2026; CTech (Calcalist), 22 October 2026. The two give different periods for the ARR growth figure.

The Round, by Our Arithmetic

By our arithmetic, the $28 million Series A is about 4.7 times the $6 million seed, and it makes up about 82% of the $34 million Mave has raised in total. The release does not give a valuation, and none was stated in the text we read.

How Mave Describes the Problem

The release says “AI has changed the speed of attack” and that “techniques that once took hours or days to execute can now unfold in minutes.” It argues that the SIEM, the central store of a company’s security data, “only contains a partial view of the environment,” so analysts move between systems to rebuild what happened.

Mave says it combines “purpose-built workflows, fine-tuned SLMs, and frontier LLMs”, meaning small specialised language models alongside the largest general ones, and that it records “every query, decision, and action for full traceability.” Response actions run “under rules set by the security team,” per the release.

“Security teams still investigate threats one tool at a time, manually piecing together evidence before they can reach a verdict. Attackers do not wait,” Oren said in the release. Atad Peled, a partner at Red Dot Capital Partners, said in the release that incumbent platforms and the start-ups that tried to replace them share a flaw: “coverage is a budget decision, not a security one, and neither was built for a world run by AI agents.”

Connecting the Coverage

The round lands in a week of security news with AI on both sides. Our OpenAI training piece covered OpenAI’s 23 October post saying its red-teaming exercise found a vulnerability allowing unauthenticated remote code execution in Brotli, a compression library used in software such as Node.js, Bun and Envoy. OpenAI said Brotli has since cut new releases and published a CVE, a public vulnerability record.

Our banks piece covered Axios’s 22 October report that major US banks are detecting unauthorised third-party AI agents inside customer accounts, with JPMorgan, Bank of America and Citi restricting them. Our October incidents piece checked 15 software security incidents listed on X and confirmed 14, disclosed between 5 and 21 October; by our count, 11 of the 14 have a link to AI that the sources themselves state.

Our CrowdStrike piece covered its 7 October report that an attacker targeting South Korean financial organisations used an open-source AI penetration-testing tool. The Wall Street Journal published “AI Hacks Are Coming Thick and Fast and Overwhelming the Internet” on 24 October; its post on X said “a wave of AI-powered attacks has flooded the internet in recent weeks.” We read the headline and the post only.

What’s new: money for the defending side. Mave is selling AI that investigates alerts, and its investors put $28 million behind that in a Series A.

The Structural Read

As we read it, Mave is selling a layer above the tools a company already owns: its release says it queries each tool in its native language and works without needing to ingest data, rather than asking customers to move their data into a new store.

As we read it, the human role is written into the product description: response actions run under rules set by the security team, and Oren says the AI should “know when human judgment is required.”

As we read it, the investor case rests on cost as well as speed: Atad Peled of Red Dot says that for incumbent platforms and the start-ups that tried to replace them, “coverage is a budget decision, not a security one.”

Three Implications

FOR SECURITY TEAMS Mave says it investigates 100% of alerts within minutes and records every query, decision and action; the claims are the company’s own description of its product.

FOR MANAGED SECURITY PROVIDERS The release says Fortune 50 companies and global MSSPs are using Mave to protect hundreds of customers, without naming them.

FOR INVESTORS IN AI SECURITY Dell Technologies Capital and Emerge Ventures, the seed leads, also took part in the Series A, according to the release.

The Business Engineer Lens

This story maps onto the Business Engineer framework The Agentic Harness War.

The framework opens with the line “The surface, not the model, governs autonomy.”

As we read it, Mave describes its product in those terms: purpose-built workflows, fine-tuned small models and frontier models run inside one system, and its chief executive told CTech that “Anyone can build on top of a model.” The framework was published in July 2026 and does not discuss Mave.

What Is Not Established

Mave’s revenue, valuation and customer names are not in what we read. The 400% growth figure is the company’s own, and its release and CTech’s report give different periods for it: the last year and the past six months. The claim that Mave investigates 100% of alerts within minutes is also the company’s description of its product. We did not contact Mave or Red Dot Capital Partners.

The Bottom Line

Mave has raised a $28 million Series A led by Red Dot Capital Partners, bringing its total to $34 million, and says its annual recurring revenue grew more than 400% over the last year. It sells AI that works across a company’s existing security tools to investigate alerts. The round was announced in a week of reports on AI and security, from OpenAI’s red-teaming find to Axios on bank accounts and the WSJ on AI-powered attacks.