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Gray Swan

Gray Swan

Private
Pittsburgh, PennsylvaniaCybersecurityhttps://www.grayswan.ai/

Last Round

Series A

May 28, 2026

Est. Valuation

$200M

Total Funding Raised

$45.5M

Momentum

Top 1%

of companies Caplight tracks

Company Overview

Gray Swan is an AI security company that provides automated adversarial testing, continuous red teaming, and runtime security for enterprises and AI labs.

Sector

Cybersecurity

Verticals

Application Security, Vulnerability Management, Threat Intelligence

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting, Freemium

AI Layer

Infrastructure

Keywords

AI securityLLM securityAI red teamingAI agent securityadversarial testingAI security platformAI firewallAI guardrailsAI security posture managementLLM firewallautomated red teamingruntime AI securityprompt injectionAI threat intelligenceASPMAI vulnerability assessment

Historical Pricing

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Caplight Momentum Score

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Gray Swan Comps

Public and private peers based on sector, stage, and business model.

Gray Swan comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Gray Swan Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series AMay 28, 2026
SeedOct 29, 2024

Key People

Founding team and executive leadership

Matt Fredrikson

Chief Executive Officer

Executive Team

Spencer Whitman

Chief Product Officer

Executive Team

Gray Swan Investors

Notable investors and investment history

Gray Swan investors
InvestorRounds
Snowflake VenturesSeries A
Obvious VenturesSeries A
Samsung Next TLVSeries A
Juniper VenturesSeed
Madrona Venture GroupSeries A
Hudson River TradingSeries A
Wing Venture CapitalSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 28, 2026

    $40M round led by Madrona Venture Group and Wing Venture Capital.

  • Feb 20, 2026

    Grew 22% QoQ, from 32 to 39 employees.

Gray Swan Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Gray Swan Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersPittsburgh, Pennsylvania
Employee Range75
Year Founded2023
Last FundingMay 28, 2026

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