Tel Aviv-based cybersecurity startup Bay has exited stealth mode, announcing $50 million in total funding. The capital was raised just nine months after the company was founded.
The funding includes a $37 million Series A round led by Battery Ventures, with participation from Micron Ventures, M12, and Assaf Rappaport. An earlier $13 million seed round was led by YL Ventures and Striker Venture Partners.
Bay provides a platform to monitor and control autonomous AI agents, preventing them from performing risky actions within cloud, SaaS, and device environments. The system evaluates agent activities in milliseconds.
The company reports that its platform can be deployed in under five minutes. Currently, Bay serves dozens of enterprise clients, including Micron, Peloton, ClickUp, and Wix.
The startup was founded by CEO Yuval Zacharia, CPO Aner Morag, and VP of R&D Boris Danilovich. The team plans to use the new capital to expand product development and grow sales teams in the US and Europe.
