Boston-based company Neo has announced the raising of $100 million in funding. These funds are intended to protect organizations from threats associated with autonomous software and artificial intelligence agents, helping enterprises secure a growing number of software entities.
Investment Raise and Company Plans
The investment was led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Craft Ventures and Merlin Ventures. With the secured funds, Neo plans to expand its operations and strengthen its cybersecurity offerings for enterprise clients. The company also intends to accelerate the hiring of engineering and sales teams amid the global growth of AI adoption in the corporate sector.
AI Control Platform
Neo, founded by cybersecurity veterans from SentinelOne, Wiz, and Palo Alto Networks, has developed an agentic software management platform. This system allows security operations teams to monitor, manage, and govern the operation of AI agents, AI-powered applications, browsers, enterprise identities, and traditional software that has gained autonomous capabilities.
According to the company, enterprise software is rapidly transforming due to AI, which grants applications the ability to reason, call tools, and perform tasks independently. Neo believes that existing security platforms were not designed to manage this new generation of intelligent software.
Requirements for AI Governance
CEO Nick Warner emphasized that organizations require a real-time level of control. This level must allow understanding of AI application behavior while ensuring the safe adoption of new technologies without slowing down innovation. The platform includes a continuously updated software registry, capability and risk analysis, real-time attribution, policy enforcement, and built-in security controls specifically designed for agentic software environments.
New Threats from AI Agents
Neo asserts that enterprise security teams are facing a rapidly changing threat landscape. This is occurring because employees are using AI tools, and software vendors are integrating autonomous functions into existing business applications. Unlike legacy software, AI agents operate autonomously, retain user access rights, and move between applications, performing actions invisible to typical security monitoring tools.
The company cites research predicting the widespread adoption of agentic capabilities in the enterprise software industry in the coming years, making visibility and governance critical. The firm's Neoverse knowledge base analyzes application functions, risks, and operations, allowing clients to determine which AI-enhanced applications have been granted access and whether their configuration is secure.
Investor View on Threats
Zane Lackey, General Partner at Andreessen Horowitz, noted that organizations need deeper visibility into AI-based software as employees increasingly use autonomous tools and vendors integrate agentic capabilities into enterprise applications. Bessemer added that 'Neo combines a unique approach to AI security with experienced leadership in enterprise cybersecurity.' He also pointed out that the leadership has proven experience in building and scaling successful enterprise cybersecurity platforms globally.
The founding team possesses many years of cybersecurity experience gained at SentinelOne, Cylance, McAfee, and Forcepoint, as well as service experience in Israel's Unit 8200. With the new funding, Neo plans to expand its platform, helping businesses adopt AI technologies with stronger governance, real-time visibility, and policy enforcement as autonomous software becomes a standard part of business processes.