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Bold Security Lands $40M from Bessemer Venture Partners, Picture Capital and Red Dot

Reported by Citybiz
Mar 12, 2026· 3 min read
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Key Takeaways
  • • Bold Security emerged from stealth with a $40 million funding round led by Bessemer Venture Partners, with participation from Picture Capital and Red Dot Capital Partners, bringing total raised to $40 million including a prior $12 million seed round in 2024.
  • • The company addresses endpoint security vulnerabilities created by AI proliferation and edge device complexity, positioning endpoints as active security agents rather than passive monitoring subjects through edge AI technology.
  • • CEO Nati Hazut, 35, brings proven entrepreneurial credentials: his prior venture Polyrize was acquired by Varonis (technology now core to Varonis's cloud platform), and his SAM platform protects over 500 million connected devices globally for telecom giants including Verizon and Virgin Media.
  • • Bold has rapidly scaled to enterprise adoption, already serving Fortune 500 companies and named US clients including Shutterfly and Tekion, demonstrating market traction in the critical endpoint security segment.
  • • The founding team combines serial entrepreneurs and cybersecurity veterans: Nati Hazut (CEO), Hadar Krasner (CPO), and Omri Mallis (CTO), positioned to execute in a market segment Hazut characterizes as a "decade-long blind spot" now accelerated by AI-driven security gaps.
Summary
Bold Security officially emerged from stealth on March 12, 2026, announcing a $40 million funding round with participation from Bessemer Venture Partners, Picture Capital, and Red Dot Capital Partners. This latest round brings the company's total capital raised to $40 million, including a $12 million seed round completed in 2024. The funding underscores investor confidence in Bold's thesis that endpoint security—traditionally the enterprise's most overlooked vulnerability—has become a critical priority as artificial intelligence and distributed edge computing expand the attack surface.

The company's core technology leverages edge AI to transform enterprise endpoints from passive objects of security monitoring into active intelligence agents capable of real-time threat detection and response. According to CEO Nati Hazut, the market dynamic has fundamentally shifted: "For years, the endpoint was the industry's biggest blind spot...A decade ago, we assumed everything would consolidate in the cloud, and the problem would solve itself. The AI boom didn't just challenge that assumption, it completely reversed it." Bold's platform targets this emerging vulnerability class by monitoring actual worker and AI tool behavior on enterprise edge devices, reducing risk in real time.

Hazut brings substantial entrepreneurial pedigree to the venture. At 35 years old, Bold represents his third company founding. His prior venture, Polyrize—a data security startup—was acquired by Varonis Systems, where its core technology now anchors Varonis's cloud platform offering. Earlier, Hazut founded SAM, a platform currently protecting over 500 million connected devices globally for major telecommunications providers including Verizon and Virgin Media. The founding team also includes Hadar Krasner as Chief Product Officer and Omri Mallis as Chief Technology Officer, both established cybersecurity veterans and serial entrepreneurs.

Bold has already demonstrated rapid enterprise adoption despite remaining in stealth until this announcement. The company counts Fortune 500 companies among its clients and has secured named accounts including Shutterfly and Tekion, indicating successful product-market fit within the competitive endpoint security landscape. This early traction, combined with heavyweight investor backing from Bessemer Venture Partners' established enterprise software expertise, suggests the market recognizes endpoint security as a structural gap in modern cybersecurity infrastructure—one that AI acceleration has made both more urgent and solvable.

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Sources

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Citybiz Bold Security Lands $40M from Bessemer Venture Partners, Picture Capital and Red Dot