CyberFOX Lands Nine-Figure Funding to Arm MSPs with AI Security Tools

TAMPA, Fla. – February 02, 2026 – CyberFOX, a cybersecurity provider focused on managed service providers (MSPs), has secured a significant nine-figure growth investment, marking its first external capital raise. The round was led by software investment specialist Level Equity, with participation from Radian Capital and the company's founders. This substantial capital injection is set to accelerate the development of CyberFOX's next-generation platform, with a heavy emphasis on artificial intelligence, international expansion, and strategic acquisitions.

Founded by industry veterans Dave Bellini and Adam Slutskin, CyberFOX has grown rapidly by consolidating key security functions for MSPs. The company was formed through the acquisitions of AutoElevate, a privileged access management (PAM) tool, and Password Boss, a password manager. This strategy has allowed it to scale its annual recurring revenue (ARR) by more than 20 times, now serving over 4,000 customers. The new funding validates this approach and provides the resources to significantly expand its market footprint.

A Strategic Move in a Rebounding Market

The nine-figure investment arrives as the cybersecurity funding landscape shows renewed vigor. After a slowdown, 2025 saw a 47% increase in total cybersecurity funding compared to the previous year, indicating strong investor confidence in companies with proven technology and disciplined growth. CyberFOX's ability to secure this capital without prior external funding highlights its strong performance and market position.

“MSPs and smaller organizations have historically been underserved by large cybersecurity vendors, and we have purpose-built CyberFOX since inception to address that issue,” said David Bellini, CEO of CyberFOX. He noted that 2025 was a record year for customer acquisition and hinted at upcoming product announcements. Bellini added, “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.”

This investment is not a lifeline but a strategic accelerant. The capital will be used to re-architect products to be AI-native, a move Bellini compares to the pivotal shift from on-premise to internet-based software. The goal is to build a platform that doesn't just incorporate AI as a feature but is fundamentally built to leverage its power for enhanced security automation and efficacy.

Targeting the Underserved MSP Sector

CyberFOX's core mission is to provide robust, accessible security tools for MSPs and the small-to-medium businesses they serve, a segment often caught between consumer-grade products and complex, expensive enterprise solutions. The company's platform combines three critical security pillars: privileged access management (PAM), password management, and DNS filtering. By integrating these tools, CyberFOX aims to reduce the “tool sprawl” that plagues many IT departments, simplifying management and strengthening overall security posture.

The company operates in a highly competitive space. In the PAM market, it contends with offerings from giants like CyberArk and Delinea, which traditionally focus on large enterprises. In password management, it competes with MSP-focused tools like IT Glue and Passportal, while its new DNS filtering service, launched in late 2025, goes up against established players like Cisco Umbrella and DNSFilter. CyberFOX's differentiation lies in its purpose-built design for the MSP workflow, emphasizing ease of use, multi-tenancy, and affordability, which are crucial for providers managing hundreds of clients.

The Founder Pedigree and Investor Confidence

Much of the confidence from investors stems from the track record of CyberFOX's founders. Dave Bellini and Adam Slutskin are well-regarded veterans of the MSP software world, having played key roles in building highly successful companies like ConnectWise and Liongard. This deep industry expertise is seen as a significant competitive advantage.

“Dave and Adam have an impeccable pedigree serving both MSP 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,” stated Ben Levin, CEO and Co-Founder of Level Equity. He praised the company's ability to become a leader in its niche with exceptional growth and high customer satisfaction, all achieved without previous funding.

The strategic alignment with its investors is clear. Level Equity focuses on high-growth, capital-efficient software businesses, often taking a supportive but hands-off approach that empowers proven leadership teams. Radian Capital brings specific, deep expertise in the cybersecurity sector, with previous investments in firms like GreyNoise and EasyDMARC. This combination of growth capital and specialized knowledge provides CyberFOX with a powerful backing as it pursues its ambitious goals.

Fueling a Next-Generation, AI-Native Platform

Beyond simple expansion, the new funding is earmarked to fuel a fundamental transformation of the CyberFOX platform. The company is aggressively pursuing an AI-native strategy, aiming to move beyond buzzwords and deliver tangible security automation. The plan involves a significant re-architecture of its products to natively embed AI, enabling the automation of controls that traditionally create a heavy administrative burden for IT teams.

This includes automating privilege management based on user context, proactively identifying and blocking suspicious activity through behavioral analysis, and streamlining identity verification. The ultimate vision is to make security more “invisible and effective,” reducing friction for end-users while simultaneously strengthening defenses. This strategy aligns with broader industry trends, where AI is increasingly used to enhance threat detection by up to 60% and accelerate incident response times by 50%.

By focusing on these advancements, CyberFOX intends to build what it calls the “first truly comprehensive platform” for its market segment. The pursuit of strategic acquisitions will further this goal, allowing the company to quickly integrate new capabilities and technologies. As it moves forward, CyberFOX is positioning itself not just as a provider of security tools, but as a core technology partner helping MSPs navigate the complex and evolving threat landscape of the digital age.