Prevalent AI raises first outside capital in nine years with $22M round

Prevalent AI Ltd., a cybersecurity data company, has raised $22 million in growth funding from Integrity Growth Partners, marking its first outside capital since its founding nine years ago. The company, which has been profitable since its first customer and saw annual recurring revenue more than double over the past 12 months, will use the funds to build a global go-to-market organization and expand beyond security into financial crime and compliance. CEO Paul Stokes said large enterprises suffer from 'a shortage of context' despite having abundant tools and data.

Prevalent AI raises first outside capital in nine years with $22M round Cybersecurity data company Prevalent AI Ltd. https://prevalent.ai/ today said it has raised $22 million in growth funding, the first primary capital it has taken since being founded nine years ago. Prevalent AI’s product is a data fabric that reaches into hundreds of separate enterprise systems. What comes back gets rebuilt as a knowledge graph, and the graph stays current. Security teams can query the graph and ask which assets, controls and identities exist across an estate and which of those nobody is watching. The company calls the graph sovereign. Customers decide where the underlying data physically sits. The company is selling into a market that has no shortage of money. Enterprises will put roughly $240 billion into information security this year, according to https://www.gartner.com/en/newsroom/press-releases/2025-07-29-gartner-forecasts-worldwide-end-user-spending-on-information-security-to-total-213-billion-us-dollars-in-2025 Gartner Inc., and much of that buys more data rather than more insight. Gartner has separately warned https://www.gartner.com/en/newsroom/press-releases/2025-06-25-gartner-predicts-over-40-percent-of-agentic-ai-projects-will-be-canceled-by-end-of-2027 that agentic AI projects are failing at large scale. Gartner expects more than 40% of them to be canceled by the end of 2027. Cost, thin business value and weak risk controls are the reasons it gives. C0-founder and Chief Executive Paul Stokes said large enterprises are not short of tools or data but suffer from “a shortage of context.” Security teams are being asked to make decisions across thousands of systems, controls and identities that were never designed to work together, he said. The company started in security, Stokes added, because that is where fragmented data does the most damage. Its customer list includes global banks, telecommunications carriers, insurers and critical national infrastructure operators. One international banking group improved incident detection by more than 80% after deploying the platform, the company said. A global insurer cut the time needed to produce executive security reports by 95%. Prevalent AI sells managed services around the platform too, aimed at getting customers live faster. Prevalent AI says it has been profitable since its first customer and grew on founder-led demand alone. Annual recurring revenue more than doubled over the past 12 months, according to the company. The money funds a formal global go-to-market organization. Selling has been founder-led until now. Sales, marketing and customer success sit under the new structure. The company also wants a bigger U.S. presence, and it intends to take the knowledge graph beyond security into financial crime analysis, compliance and wider operational risk. Integrity Growth Partners provided the investment. The Santa Monica, California, firm backs bootstrapped software and tech-enabled services companies and closed an oversubscribed $220 million fund in December. Managing Partner Ryan Anderson said the team has built “genuinely differentiated, AI-native technology” that the most sophisticated enterprises rely on while holding to unusual capital discipline. Anderson said agentic AI raises the stakes on data quality and depth. 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