Cybersecurity startup Bay, founded by former Unit 8200 member Yuval Zakharia, unveils $50 million fundraising

In depth

Israeli cybersecurity company Bay, founded about nine months ago under the leadership of Yuval Zakharia, a former member of Unit 8200, has completed a $50 million fundraising round. The company has developed a system that checks, in real time, actions taken by artificial intelligence agents within organizations and blocks dangerous actions before they are carried out. The fundraising includes a $37 million Series A round led by Battery Ventures, which joins a $13 million seed round.

Among the investors are Asaf Rappaport, CEO of Waze, and the investment arm of chipmaker Micron, which is also a customer of the company. Among Bay's customers are Wix, ClickUp, Micron and Fiverr. The company employs about 35 workers, most of them in Israel.

The founders are Yuval Zakharia, Ener Morg and Boris Danilovich. Zakharia said: "I see the field as a great opportunity to build a significant company." The idea for the company arose after an AI agent almost exposed a sensitive system to the internet.