Diligence memo · auto-generated · as of July 2, 2026
Fable Security, Inc.
Fable Security, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Fable Security, Inc. operates in Cybersecurity, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fable Security, Inc. has raised $31M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $24M on 2025-05-30.
Most recent recorded round closed around 2025-05-30.
Valuation (modeled)modeled
Provath models Fable Security, Inc. at approximately $136M (range $60M–$204M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Series B Cybersecurity companies in 2025–2027 (7 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 13 mo ago; this sector typically re-raises about every 15 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 3.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 87% of Cybersecurity peers (270 compared).
Modeled value ranks above 76% of those peers.
Closest niche peers: Push Security, Inc., VP Security Holdings, LP, VP Security Management, LP, Intellectual Property Securities Corp, Tidal Cyber Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.