Deep Tide TechFlow News, on August 1st, according to Techinasia, the cybersecurity risk management company Safe announced the completion of a $70 million Series C funding round, led by Avataar Ventures, with participation from Susquehanna Asia Ventures, NextEquity Partners, Prosperity7 Ventures, and continued investment from existing investors Eight Roads, John Chambers, and Sorenson Capital. Currently, major companies such as Google, Fidelity, T-Mobile, and Chevron have become clients of Safe. According to industry data, it is estimated that by 2031, cybercrime will cause an annual loss of $12.2 trillion globally, while global cybersecurity spending is expected to exceed $1.75 trillion from 2021 to 2025.