FAZE Security Emerges From Stealth With $6 Million Seed Round
FAZE Security emerged from stealth with $6 million in seed funding led by New Era Capital Partners, the company said in a press release. Lockstep VC also participated in the round.
Formerly known as CYTRIX, FAZE provides a security testing platform centered on an agentic red team. Its autonomous agents continuously test web applications, APIs and cloud environments within defined limits, then rank findings by business impact and provide evidence, ownership details and remediation guidance.
FAZE said it has 50 enterprise customers, including several Fortune 500 companies, and recorded about 20 fold annual recurring revenue growth over 18 months. The platform also retests vulnerabilities until attempts to exploit them fail.
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