New York – September 16, 2026 -- FAZE Security has exited stealth mode with 50 enterprise customers, including several Fortune 500 firms, after posting roughly 20X annual recurring revenue growth in 18 months. The company, formerly known as CYTRIX, also disclosed $6 million in seed funding led by New Era Capital Partners, with participation from Lockstep VC.
FAZE targets the widening gap between vulnerability discovery and remediation capacity
Annual pentests become outdated the moment reports are delivered, while automated scanners flood security teams with thousands of unranked findings. Attackers now use AI to exploit these gaps within hours, creating a remediation backlog that outpaces human security teams.
Agentic Red Team technology runs continuous autonomous attacks within guardrails
FAZE's core product, an Agentic Red Team (ART), deploys autonomous agents trained on proprietary attack data sourced from thousands of white-hat hackers. The agents run continuously against customer web applications, APIs, and cloud environments, discovering exposures and exploiting them using real attacker methods rather than theoretical severity scoring.
Each finding is delivered with working proof, an assigned owner, and a remediation path. The system automatically re-tests fixes until the exploit fails, closing the loop between detection and verified resolution.
Customers report over 50% faster remediation with near-zero false positives
FAZE reports that customers using the platform achieve close to zero false positives and more than 50% faster Mean Time To Remediate (MTTR) compared with traditional scanners and point-in-time penetration tests.
New Era Capital Partners cites proprietary data and agentic coverage as differentiators
Ziv Conen, Partner at New Era Capital Partners, said FAZE's growth stems from proprietary attack data combined with agentic capabilities spanning the full offensive security cycle, from discovery through re-testing. He noted that sustained growth while serving Fortune 500 security teams reflects the strength of FAZE's management team.