Ukrainian Syndicate TOLOKA Invests $1M in Bright Security
Ukrainian venture capital syndicate TOLOKA has announced a $1 million investment in Bright Security, an application security (AppSec) company, as part of an expanded Series A round.
- The investment was made via a SAFE agreement with a discounted valuation ahead of the next funding round — positioning TOLOKA for a potentially high return in the event of a large-scale exit.
- TOLOKA’s decision to invest was driven by Bright Security’s impressive ARR and gross margin, along with a clearly defined exit strategy backed by strong interest from key industry players.
«The company is already attracting attention from strategic players such as Palo Alto Networks, Microsoft, Wiz, and Snyk. Successful cybersecurity exits have demonstrated ARR multiples between 45x and 70x — examples include Bionic.io, Axis Security, and Dazz Security,» TOLOKA noted.
About Bright Security
- Bright Security has developed the STAR AI platform, which automatically detects, fixes, and protects against vulnerabilities in enterprise applications.
- Key performance highlights:
- >98% time savings: Reduces the testing and patching cycle from several months to just one day.
- 94% gross margin: Exceptional performance for a SaaS business.
- 70+ corporate clients and rapidly growing.
- 80% of revenue comes from North America, with active expansion via distributors such as GuidePoint and Optiv.
- Bright operates in the Dynamic Application Security Testing (DAST) segment, a market expected to grow from $1.8 billion to over $6 billion by 2028.
About TOLOKA.vc
- Founded in 2023 by Taras Kirichenko, Igor Shoifot, and Alexandr Kolb, TOLOKA.vc is a Ukrainian venture capital syndicate that backs startups with global scaling potential and clear paths to IPO or strategic acquisition.
- In its first year, TOLOKA attracted over 1,000 investors and invested more than $18 million in high-growth startups. Its latest public deal is a $1.7 million investment in Portoro (2025), with total investments surpassing $12 million for the year.
- Read more about how the syndicate operates in our exclusive interview.
Ukrainian Syndicate TOLOKA Invests $1M in Bright Security
Ukrainian venture capital syndicate TOLOKA has announced a $1 million investment in Bright Security, an application security (AppSec) company, as part of an expanded Series A round.
- The investment was made via a SAFE agreement with a discounted valuation ahead of the next funding round — positioning TOLOKA for a potentially high return in the event of a large-scale exit.
- TOLOKA’s decision to invest was driven by Bright Security’s impressive ARR and gross margin, along with a clearly defined exit strategy backed by strong interest from key industry players.
«The company is already attracting attention from strategic players such as Palo Alto Networks, Microsoft, Wiz, and Snyk. Successful cybersecurity exits have demonstrated ARR multiples between 45x and 70x — examples include Bionic.io, Axis Security, and Dazz Security,» TOLOKA noted.
About Bright Security
- Bright Security has developed the STAR AI platform, which automatically detects, fixes, and protects against vulnerabilities in enterprise applications.
- Key performance highlights:
- >98% time savings: Reduces the testing and patching cycle from several months to just one day.
- 94% gross margin: Exceptional performance for a SaaS business.
- 70+ corporate clients and rapidly growing.
- 80% of revenue comes from North America, with active expansion via distributors such as GuidePoint and Optiv.
- Bright operates in the Dynamic Application Security Testing (DAST) segment, a market expected to grow from $1.8 billion to over $6 billion by 2028.
About TOLOKA.vc
- Founded in 2023 by Taras Kirichenko, Igor Shoifot, and Alexandr Kolb, TOLOKA.vc is a Ukrainian venture capital syndicate that backs startups with global scaling potential and clear paths to IPO or strategic acquisition.
- In its first year, TOLOKA attracted over 1,000 investors and invested more than $18 million in high-growth startups. Its latest public deal is a $1.7 million investment in Portoro (2025), with total investments surpassing $12 million for the year.
- Read more about how the syndicate operates in our exclusive interview.
