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CyberFOX, a cybersecurity provider for managed service providers (MSPs) and organizations, has announced a major nine-figure growth investment led by software specialist Level Equity, with participation from Radian Capital and its founders. The company, which serves over 4,000 customers, will use the capital to accelerate product development, AI initiatives, international expansion, and strategic acquisitions to broaden its platform.
CyberFOX secures a nine-figure growth investment led by Level Equity, with participation from Radian Capital.
The company serves over 4,000 customers, primarily managed service providers (MSPs) and organizations.
Capital will fund accelerated product development, AI initiatives, international expansion, and acquisitions.
CyberFOX's platform includes privileged access management (AutoElevate), password management, and DNS filtering.
The company has scaled its annual recurring revenue (ARR) by more than 20x since formation via acquisitions.
Founders Dave Bellini and Adam Slutskin are veterans from companies like ConnectWise and Liongard.
The significant growth round is intended to propel CyberFOX's next phase of development. CEO David Bellini stated the investment will help create "the first truly comprehensive platform" in its market segment to address all the security needs of its underserved MSP and small-to-mid-sized business customers. The capital injection will accelerate ongoing product development and AI initiatives, fund international expansion, and support further strategic acquisitions to add functionality to its suite.
CyberFOX has demonstrated rapid growth, scaling its annual recurring revenue (ARR) by more than 20x since its formation. This growth has been fueled in part by strategic acquisitions, including AutoElevate (for privileged access management) and Password Boss (for password management), which have been integrated into its core platform. The company emphasizes its focus on the historically underserved MSP market, leveraging the founders' deep industry expertise from building companies like ConnectWise.
Level Equity CEO Ben Levin expressed strong conviction in the company's trajectory, citing its "industry-leading NPS scores and exceptional ARR growth" achieved without prior external capital. Levin stated the firm believes CyberFOX has the potential to become a "category-defining software company." The partnership reflects investor confidence in the founders' vision and execution, as well as the growing market demand for consolidated, easy-to-use cybersecurity platforms tailored for MSPs and smaller organizations.
The substantial growth financing for CyberFOX underscores the intensifying focus and valuation within the cybersecurity sector, particularly for platforms serving the vast and fragmented MSP market. By securing capital to aggressively expand its product suite through both internal R&D and acquisitions, CyberFOX is positioning itself to become a dominant, one-stop security platform for its target customers. This move could catalyze further consolidation in the competitive MSP tools market and accelerate the delivery of more integrated, AI-enhanced security solutions to small and medium-sized businesses.
About CyberFOX
CyberFOX is a global cybersecurity software provider focused on privileged access management (PAM) and password management for managed service providers (MSPs) and IT professionals. Its flagship products – CyberFOX AutoElevate for PAM, CyberFOX Password Manager, and CyberFOX DNS Filtering – supply critical elements of a comprehensive security strategy. The ability to mitigate risks by controlling user access to critical information strengthens MSPs and IT departments’ security defenses. Prioritizing cybersecurity best practices as a company like CIS critical controls, allows CyberFOX to make complex cybersecurity simple while providing affordable and efficient solutions.
About Level Equity
Level Equity is a middle market private investment firm focused on providing capital to rapidly growing software and technology-enabled businesses. Level provides long-term capital across various transaction types in support of continued growth. The firm has raised over $4.5 billion in committed capital for its closed funds and co-investments and has made over 125 investments since its inception.
About Radian
Radian Capital is a New York–based software growth equity firm with more than $1.8 billion under management. The firm works closely with a small number of technology founders, providing capital and strategic support to drive sustainable, long-term growth. Radian has built particular depth in cybersecurity software, with investments such as Emailage, GreyNoise, and EasyDMARC.
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