Pi Launches AI Cybersecurity Startup at $100M Valuation After Raising $35M, Counts xAI Among Early Customers

Pi launched on Wednesday, June 10, 2026, valued at $100 million after raising $35 million in a round led by Brightmind Partners and Third Point Ventures. 75 billion. CrowdStrike has a $160 billion market cap.

Yoni Ramon serves as chief product officer and Guy Arazi is CEO. Ramon led the in-house hacking team at Tesla for six years and was brought in by Elon Musk to secure X data during Musk’s acquisition of the company. Arazi previously worked as a senior security researcher at Microsoft.

Pi counts xAI as one of its first customers. xAI runs the Grok bot, is integrated with X, and operates Colossus, one of the world’s largest AI supercomputers. 25 billion a month through May 2029.

The company’s AI agent reviews every prior security incident, company policy, and line of code within a client’s network. It also monitors communications across Slack, email, and other channels to determine which vulnerabilities require fixes. Ramon said the system processes this information within a couple of hours regardless of customer size.

“One of our biggest strengths is that we really understand the ins and outs of your code, your infrastructure, and how you actually build software and products,” Ramon said. ” Mark Carter, chief information security officer at Navan, was one of Pi’s first customers. Carter worked with Ramon at Tesla in the late 2010s.

He said Pi investigates and proposes fixes for 90% of bugs reported to his security team. “Nine times out of 10 you can automatically merge their fix,” Carter said. ” Arazi said the system helps companies secure software as fast as they build it by acting as an eidetic memory for security teams.