• Mave has raised $34 million to bring AI agents to companies' security operations.
• CEO Raziel Oren said old systems can't keep up with how quickly AI is transforming cyberattacks.
• Business Insider got an exclusive look at the pitch deck Mave used to raise its Series A round.

Mave, a cybersecurity startup that uses agents to counter the rise in AI-powered cyberattacks, has raised $34 million in funding.

The Israel-based startup says its AI agents pull together information from a company's existing security systems, investigate alerts, filter out false alarms, and take actions approved by human teams.

"Security operations is the last gate in any organization," cofounder and CEO Raziel Oren said, comparing it to the physical security guards who monitor a building's live camera footage. "This thing is really broken from the inside. The roots of the solutions there are just not keeping the relevant pace with the emerging threats."

AI has transformed cyber threats at a dizzying pace. Attacks can happen much faster and on a much larger scale, and Oren predicted that the increase in agent-powered incidents will be "exponential."

Mave says its own agents help human security teams keep up. "You can't hire your way out of this," Oren told Business Insider. "There must be a change in how you do [security operations] in order to protect your organizations."

Oren cofounded Mave with Guy Eshel in 2025 after years of friendship. The two met when Oren was Eshel's mentor in unit 8200 of the Israel Defense Forces, which sits under the intelligence corps and gave them firsthand experience with cybersecurity issues.

AI agents have come under the spotlight after a string of high-profile security breaches. Corporate leaders have grown increasingly worried about the cybersecurity risks AI poses, and some of Wall Street's executives spent third-quarter earnings calls explaining how they're defending against rogue AI agents.

The technology has also been used by researchers to uncover security flaws: this week, OpenAI said one of its AI models had helped identify a vulnerability that puts 70% of the world's websites at risk.

Oren said it takes some customers time to become comfortable handing over security operations to agents, but that the product's transparency is key to building trust. Mave says its agents track each step of their thousands of workflows, giving human employees insight into the agents' reasoning and actions.

Mave charges its customers a flat rate, depending on the company's size and needs. Other startups have also jumped at the opportunity Mave sees, including agentic cybersecurity companies Dropzone and Prophet Security.

Mave's $34 million funding consists of $28 million from a recent Series A round, led by Red Dot Capital Partners and with participation from Lumir Growth Partners, and an earlier $6 million seed round.

The startup currently has 30 employees and plans to use some of the fresh capital to continue expanding the team, mainly for go-to-market roles and AI research.

Read the pitch deck Mave used to raise its Series A round:

The co-founders met in the army.

Cyberattacks are happening much faster.

Mave consolidates security operations.

In one instance, Mave says it stopped ShinyHunters, a cybercriminal group.

Customers include Fortune 200 and Fortune 500 companies.

• Barclays said it's cutting 5,000 jobs, or 5% of its workforce, in an AI push.
• Most of the cuts will impact support functions, including developers.
• Wall Street at large is grappling with how AI will transform both back- and front-office roles.

Barclays said it's cutting 5,000 jobs, or around 5% of its full-time workforce, as it increases its reliance on AI.

The British bank said in its third-quarter earnings statement that it is "structurally reducing" its costs through "technology-enabled" head count reductions.

Barclays laid out the numbers in its accompanying earnings presentation, linking the cuts specifically to "organisational simplification and technology change efficiency driven by AI."

Around 60% of the cuts will impact support functions, including developers, according to the presentation. Coding has become one of the main business use cases for AI across industries, causing some companies to cut back on developers.

Anna Cross, Barclays' group finance director, said the layoffs come as "AI makes our people more productive."

"Nowhere in the bank is this more relevant than in Barclays UK, where we have taken more structural cost actions than planned in '26," she said on the earnings call.

Wall Street is grappling with how AI will impact head count for both back- and front-office roles, as much of junior bankers' technical, repetitive workload can be automated. Some executives have said they're looking for young people with sharp judgment and communication skills rather than just analytical brainpower, as AI places an even greater premium on client interactions.

Goldman Sachs said in a memo last year that it plans to "restrain head count growth," and JPMorgan CEO Jamie Dimon has said he will likely hire fewer bankers and more "AI people."

Barclays joins a growing list of companies that have announced AI-related layoffs this year, including Snap and Coinbase. Business Insider analyzed 15 layoff memos earlier this year and found that "AI" was the most commonly used term.

AI hasn't always led to companies cutting back. Some companies have increased hiring, while others have cut some roles and hired more for others.