Startup Raises Capital Under Exemption as It Expands Security Technology Operations

Fable Security, a San Francisco technology company focused on advanced security solutions, has secured substantial investor funding through an exempt private offering. The firm, incorporated in Delaware in 2023, reported that it has raised nearly 6.8 million dollars out of a 7.5 million dollar equity offering conducted under a federal exemption designed for private capital formation.

The notice describes the company as a corporation operating in a specialized segment of the technology industry. Although the regulatory framework allows the disclosure of revenue or asset size, Fable Security chose not to provide that information. Its listed headquarters is in San Francisco, and the company offers a direct phone line for contact.

The filing names the company’s chief executive, Kai Jing Jiang, as both an executive officer and a director. Another director, Sanny Xiao Yang Liao, is identified with the same San Francisco business address. None of the proceeds from the offering are earmarked for payments to executives or directors, and no promoters other than those named individuals are listed.

The company is relying on a federal rule that permits offerings to accredited investors without requiring public solicitation. The offering began in April 2024 and is expected to conclude within a year. Equity securities are the sole instruments involved, and the offering does not relate to any merger or acquisition activity.

Fable Security notes that it accepts investments without imposing a minimum contribution amount. Twelve investors have participated so far. The firm reports that no brokers, dealers, commissions, or finder’s fees were used in the solicitation process, indicating that the capital raise has been conducted directly between the company and investors across all states.

As part of the submission, the company agreed to regulatory undertakings that include providing information to authorities upon request, accepting legal service through designated officials, and affirming that neither the company nor its leadership is disqualified from relying on the exemption. The filing is signed by the chief executive, who affirmed the accuracy of the submission.

The capital infusion strengthens Fable Security’s financial position as it continues developing its technology offerings. The use of an exempt private placement provides operational flexibility while avoiding the more complex requirements associated with registered securities sales. The level of investor participation suggests confidence in the firm’s potential within the growing cybersecurity landscape.