Jerusalem, 14 September, 2026 (TPS-IL) — Israeli cybersecurity company FAZE Security emerged from stealth with 50 enterprise customers, including several Fortune 500 companies, and announced $6 million in seed funding. The round was led by New Era Capital Partners, an Israeli investment firm, with participation from U.S. venture capital firm Lockstep VC.
FAZE, formerly known as CYTRIX, said its annual recurring revenue has grown nearly 20-fold over the past 18 months. The company develops an offensive security platform that uses autonomous artificial intelligence agents to continuously test customers’ web applications, APIs and cloud environments. FAZE said its system identifies and ranks vulnerabilities, provides proof of exploitation and automatically retests systems after remediation.
