Cybersecurity leader CyberFOX has announced a major growth milestone, securing a nine-figure investment from software specialist Level Equity, with additional participation from Radian Capital and CyberFOX’s founders, industry veterans Dave Bellini and Adam Slutskin. The company, which currently serves over 4,000 customers, has rapidly scaled its annual recurring revenue (ARR) by more than 20x through strategic acquisitions, including AutoElevate and Password Boss.
With this significant capital injection, CyberFOX plans to expand its product development, advance AI-driven initiatives, extend its international footprint, and pursue strategic acquisitions to enhance its suite of cybersecurity solutions. The company continues to serve many of the largest and fastest-growing technology organizations in the United States, solidifying its position as a market leader.
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CyberFOX specializes in privileged access management, password management, and DNS filtering, offering purpose-built solutions to help organizations safeguard their most critical assets and sensitive data. Its platform enables end users to access only the administrative privileges they need, thereby strengthening overall security posture and minimizing the risk of cyberattacks. Moreover, CyberFOX stands out with its intuitive, user-friendly interface, reflecting the founders’ deep expertise in managed service providers (MSPs) and various industry verticals, which continues to guide the company’s development of tailored products.
“MSPs and smaller organizations have historically been underserved by large cybersecurity vendors, and we have purpose-built CyberFOX since inception to address that issue. 2025 was a record year for our company for new customer acquisition, and we have a number of exciting announcements on the new product front to share soon,” said David Bellini, CEO of CyberFOX. “Level and Radian demonstrated a thorough understanding of our industry and solution set, and are excited to help us create the first truly comprehensive platform in our market segment to assist our customers with all their security needs.”
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Ben Levin, CEO and Co-Founder of Level Equity, added, “Dave and Adam have an impeccable pedigree serving both MSPs and non-MSP customers, given their previous experience building companies such as ConnectWise and Liongard, and we’re honored that they chose us to partner with them for the next leg of CyberFOX’s journey. With no external capital raised to date, they have become the clear leader in privileged access management, with industry-leading NPS scores and exceptional ARR growth validating this thesis. The entire CyberFOX team has been a pleasure to work with, and we have immense conviction that this will be a category-defining software company.”
Looking ahead, CyberFOX aims to leverage this investment to deliver innovative cybersecurity solutions, drive global expansion, and continue building a platform that addresses the evolving needs of MSPs and enterprise customers alike.
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