CyberFox Lands 9-Figure Backing to Grow SMB Cybersecurity

https://www.bankinfosecurity.com/cyberfox-lands-9-figure-backing-to-grow-smb-cybersecurity-a-30662

Publish Date: 2026-02-02 18:14:00

CEO David Bellini Says Level Equity Investment Accelerates AI and Acquisitions

Michael Novinson (MichaelNovinson) •
February 2, 2026

David Bellini, CEO, CyberFox (Image: CyberFox)

A PAM and password management startup led by the co-founder of ConnectWise received growth financing to capitalize on the rise of vibe-coding in software development.

See Also: On-Demand | NYDFS MFA Compliance: Real-World Solutions for Financial Institutions

Tampa, Florida-based CyberFox plans to use the “nine-figure” growth investment from Level Equity to hire elite AI developers, re-architect products to be AI-native, expand internationally and pursue M&A to broaden the security portfolio, said CEO David Bellini. While he didn’t disclose the investment amount, Bellini said the funding will support CyberFox’s strategy of balancing strong security with usability and affordability to become the “Palo Alto Networks of SMB.”

“We had an exit with ConnectWise, so we kind of self-funded this and we weren’t looking,” Bellini told Information Security Media Group. “But these Level Equity guys came by, and we really started liking them. We started talking with them a lot, and they were a good fit for us. It just really felt right.”

CyberFox, formed in 2022 through the merger AutoElevate and Password Boss, employs 110 people and hadn’t disclosed any outside funding until now. The company has been led since inception by Bellini, who co-founded professional services automation giant ConnectWise in 1982, served as the company’s chief operating officer until June 2015 and sold the company to Thoma Bravo for a reported $1.5 billion.