CyberFox Co-Founders on Recent Investment & 2026 Opportunity

CyberFOX, a cybersecurity software provider focused on managed service providers and IT organizations, has secured a nine-figure growth investment led by Level Equity, with participation from Radian Capital and the company’s founders.

Channel Insider spoke with co-founders Adam Slutskin and David Bellini ahead of the announcement to learn more about why they chose to take on outside funding at this stage in the company’s growth.

Funding round is CyberFOX’s first capital raise as co-founders target growth

The funding, announced Monday, marks CyberFOX’s first external capital raise and follows a period of rapid growth driven by demand for purpose-built security platforms for MSPs and smaller organizations. 

The company said it plans to use the capital to accelerate product development, expand AI-driven capabilities, pursue international growth, and evaluate strategic acquisitions.

“Dave and I had no intentions of taking outside funding, and we weren’t really looking for a partner,” said Slutskin. “But Level just did a really great job of getting to know us, and as we talked to the team, we got comfortable with them coming on.”

Based in Tampa, Florida, CyberFOX currently serves more than 4,000 customers and has scaled its annual recurring revenue more than 20x since its formation. It works extensively with MSPs and channel partners and remains committed to the channel as it scales.

That growth has been fueled in part by the acquisitions of AutoElevate and Password Boss, which formed the foundation of its current platform.

“The funding really just means further acceleration in 2026 for us. If we hadn’t taken on external funding, we would have kept going as we were,” Slutskin said. “But now we can invest even more heavily in hiring people to expand engineering and product work.”

Expanding a purpose-built MSP security platform

CyberFOX offers privileged access management (PAM), password management, and DNS filtering tools designed specifically for MSPs and IT teams. 

The company positions itself as an alternative to enterprise-focused cybersecurity vendors, emphasizing ease of use and MSP-centric workflows.

“This funding really fortifies us to scale. We’re trying to build a Palo Alto Networks of sorts for the channel,” Bellini said. “Most MSPs serve SMBs, and for those SMBs, the attack surface has exponentially increased.”

The company’s approach centers on limiting administrative access to only what users require, reducing attack surfaces, and strengthening customers’ overall security posture. 

Ultimately, Bellini says, the company wants to enable SMBs, through their channel partners, to mitigate risks and lower cyber insurance premiums.

CyberFOX says its platform design reflects the founders’ experience building and scaling MSP-focused software companies.

“That’s what is so fun about the channel, I think. You can be an entrepreneur much faster in this space than at the enterprise, for example,” said Slutskin.

Investor backing signals confidence in MSP security market

Level Equity CEO and co-founder Ben Levin pointed to CyberFOX’s growth metrics and customer satisfaction as key drivers behind the investment. The firm cited industry-leading net promoter scores and strong ARR expansion as indicators of product-market fit.

“Dave and Adam have an impeccable pedigree serving both MSPs 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,” Levin said in a statement. 

“With no external capital raised to date, they have become the clear leader in privileged access management, with industry-leading NPS scores and exceptional ARR growth validating this thesis. The entire CyberFOX team has been a pleasure to work with and we have immense conviction that this will be a category-defining software company,” Levin continued.

Radian Capital, which has invested in cybersecurity vendors including GreyNoise and EasyDMARC, also participated in the round, reinforcing continued investor interest in security platforms tailored to service providers.

“I know outside funding can scare people in the channel a bit, but to be clear, none of us here are going anywhere,” Slutskin said. “Nothing has changed about our commitment. What this does it gives us additional access to capital so we can scale the experience of working with us.”

M&A and AI on the roadmap as CyberFOX grows its team

CyberFOX said the new capital will allow it to broaden its product suite while maintaining its focus on MSPs and IT professionals. 

Planned investments include AI-driven security enhancements and potential acquisitions that complement its existing PAM and password management offerings.

“AI is coming, and you want to be on the right side of something that disruptive for sure,” Bellini said, adding that the team continues to focus on bringing AI talent in-house this year.

The company recently brought on channel veteran Os Haque as its new vice president of global channels. 

The co-founders told Channel Insider that Haque’s hire is the “tip of the iceberg” when it comes to the hiring they plan to announce in 2026.

As MSPs face growing regulatory pressure and increasingly sophisticated cyber threats, the company is betting that demand will continue to rise for integrated, MSP-friendly security platforms designed to simplify compliance and risk management.