Prime Security Emerges from Stealth: Transforming Cybersecurity with AI

A multi-billion dollar opportunity for securing enterprise innovation.

Across industries, investment in cybersecurity is one of the fast growing line items in operating budgets. Driven by an ever-changing threat environment and increasingly complex, mission critical applications, for every company across industries, cybersecurity is one of fast growing areas of investment.  Yet despite this investment, security teams, and in particular product security teams, often have more work than time and can be seen as a blocker to development velocity as they are often brought in late in the development process or when things go wrong.

Prime Security, which came out of stealth earlier last week (VentureBeat has more details here), aims to change this equation allowing the security team to be more efficient and effective.  The company’s initial focus is on the design phase of the development process, where they can have the greatest impact before problems arise as applications are developed and move towards production.  Leveraging proprietary fine-tuned AI models, Prime’s platform detects, prioritizes, and mitigates security risks in the context of a company’s policies and frameworks making for happy developers and security teams.  

As noted by our co-investor, Sid Trivedi of Foundation Capital, there are ~20K mid-market companies and ~5K enterprises that don’t have enough security engineering and architecture talent to keep up with software innovation - innovation that will be further supercharged by AI-powered development platforms such as GitHub CoPilot and Cursor; this is a multi-billion dollar opportunity.

We were introduced to the founders of Prime Security, Michael Nov, Dimitry Shvartsman, Danny Hanga, and Matan Markovics by our long time friend and advisor, Adrian Kunzle as three of the four had worked with him at Own Company.  We were immediately impressed by the unique combination of leadership, technical, and in-depth security skills and experiences across the team.  Meeting in-person for a couple of hours one cold December Sunday in New York, we were also impressed with the collective passion and work ethic across the team. Since our investment, the NYC based team members have been working from our New York office and we have seen them first-hand live up to their reputation of rapid execution and customer centricity, with the product now live and in production across nearly a dozen customers. 

With the combination of a significant pain point across industries, a unique AI-powered solution to drive success for customers, an expansive market opportunity, and a winning team, we could not be more thrilled to support the company as they drive the business forward!