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Gray Swan

Gray Swan

Private
Pittsburgh, PennsylvaniaCybersecurityhttps://grayswan.ai

Last Round

Series A

May 28, 2026

Est. Valuation

$200M

Total Funding Raised

$45.5M

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Gray Swan operates in Cybersecurity and is based in Pittsburgh, Pennsylvania. Its latest recorded funding round was a Series A round in May 2026.

Gray Swan is an AI security company that provides automated adversarial testing, continuous red teaming, and runtime security for enterprises and AI labs.

Sector

Cybersecurity

Verticals

Application Security, Vulnerability Management, Threat Intelligence, Cloud Security

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting, Freemium

AI Layer

Infrastructure

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Pricing history

Caplight clients see full MarketPrice™ history and secondary transactions.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

Momentum history

Caplight clients track how buyer interest and sentiment change over time.

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Gray Swan Comparables

Compare Gray Swan with similar companies based on industry and business-model similarity.

Gray Swan comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
HiddenLayer
85%
Lasso Security
83%
Mindgard
82%
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Gray Swan Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series AMay 28, 2026
SeedOct 29, 2024
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Key People

Founding team and executive leadership

Matt Fredrikson

Chief Executive Officer

Executive Team

Spencer Whitman

Chief Product Officer

Executive Team

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Gray Swan Investors

Notable investors and investment history

Gray Swan investors
InvestorRounds
Snowflake VenturesSeries A
Obvious VenturesSeries A
Samsung Next TLVSeries A
Wing Venture CapitalSeries A
Juniper VenturesSeed
Madrona Venture GroupSeries A
Hudson River TradingSeries A
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Market signals

Structured signals derived from secondary market and firmographic data.

  • Aug 18, 2026

    Grew 33% QoQ from 66 to 88 employees.

  • Jul 15, 2026

    Grew 56% QoQ, from 52 to 81 employees.

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Recent news

Latest coverage and updates

  • partners_withOct 20, 2026

    Gray Swan closely partners with National Institute of Standards and Technology to anonymously test AI models and ultimately improve AI safety in Pennsylvania on Oct 20th '26.

  • launchesOct 20, 2026

    Gray Swan launches the original red-team Arena, a platform with sandbox environments for safely testing AI models, in Sep '24.

  • launchesOct 20, 2026

    Gray Swan launches enhancements to the Arena, its global adversarial testing and red-teaming platform, making it easier for experienced security researchers and first-time AI red teamers to test the limits of advanced AI models in Pennsylvania on Oct 20th '26.

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Gray Swan Filings

Explore SEC and related filing metadata, where available.

Gray Swan filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Gray Swan's valuation, stock price, and market status.

Is Gray Swan a public or private company?

Gray Swan is a private company.

What is the current stock price of Gray Swan?

Gray Swan is a private company, so its shares have no public market price. Caplight tracks Gray Swan's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is Gray Swan worth (valuation)?

Gray Swan's valuation is estimated at $200.0M based on funding round data.

Can I buy Gray Swan stock?

Gray Swan shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was Gray Swan's last funding round?

Gray Swan's most recent funding round was Series A on May 28, 2026.

Who are the main investors in Gray Swan?

Key investors in Gray Swan include Wing Venture Capital, Madrona Venture Group.

Will Gray Swan IPO soon?

No public IPO plans have been announced for Gray Swan.

How can I track Gray Swan secondary market activity?

Caplight tracks bids, offers, and trades in Gray Swan's shares on secondary markets.

Firmographic Details

HeadquartersPittsburgh, Pennsylvania
Employee Range74
Year Founded2023
Last FundingMay 28, 2026

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