This Israeli cybersecurity startup is less than a year old. Here's how it got a $33 million preemptive term sheet from Craft Ventures.

"AI is fueling a surge in cyberattacks. Startups, especially in Israel, are rushing to use their own AI to stay one step ahead of the bad guys. The latest is Tel Aviv-based Daylight, which closed a $33 million Series A round led by Craft Ventures, the San Francisco firm cofounded by PayPal and SpaceX backer David Sacks. The funding comes as Google is attempting to close its $32 billion acquisition of Wiz, another Israeli-founded security firm,"

"Funding for Israeli security startups nearly doubled last year compared to 2023, reaching a level equal to 40% of the entire US cybersecurity funding market, according to data from Startup Nation Central. Other investors in Daylight's round include Bain Capital Ventures, Maple VC, and a who's who of Israeli cybersecurity founders, including Wiz's Assaf Rappaport, Torq's Ofer Smadari, and Armis's Yevgeny Dibrov. Daylight declined to share the valuation of the round."

Daylight, founded by veterans of Israel's Unit 8200, closed a $33 million Series A led by Craft Ventures to expand an AI-driven managed detection and response platform. The startup completed a seed round, hired initial engineers, and shipped its first product before securing the Series A. Investors include Bain Capital Ventures, Maple VC, and multiple notable Israeli cybersecurity founders. Funding for Israeli security startups nearly doubled year-over-year, reaching about 40% of US cybersecurity funding levels. The round occurs amid rising AI-driven cyberattacks and major industry M&A activity such as Google's pursuit of Wiz.

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