Endor Labs [1] [2] [3] [4], the creator of the Code and Pipeline Governance Platform [1], has secured $70 million in Series A financing from various investors [1] [2] [3] [4], including Lightspeed Venture Partners and Coatue [1] [2] [3] [4]. This funding will be utilized to develop effective application security programs that do not impede developer productivity [1] [2] [3].
Description
Endor Labs recently announced that it has raised $70 million in Series A financing, with contributions from investors such as Lightspeed Venture Partners and Coatue [4]. This funding will be dedicated to the development of application security programs that do not hinder developer productivity [3]. Additionally, $22 million from a previous funding round has been converted to equity, resulting in a total funding amount of $70 million. As part of this investment, Arif Janmohamed from Lightspeed and Sri Viswanath from Coatue will join the Endor Labs Board.
The primary objective of Endor Labs is to reduce the time developers spend on investigating security alerts and integrating security tools into continuous integration and continuous delivery pipelines. Their focus lies in open source software (OSS) governance [1] [3], assisting teams in selecting and maintaining high-quality and secure OSS [1] [3]. The funding will also facilitate the expansion of Endor Labs into other areas of code and pipeline security [1] [3], as well as other regions such as Europe [3], the Middle East [4], and Africa [4].
Endor Labs [1] [2] [3] [4], founded in 2021 by Varun Badhwar and Dimitri Stiliadis [1], both experienced professionals in the cybersecurity industry, has already gained recognition within the industry. The company was selected as a finalist in RSA Conference’s Innovation Sandbox and Black Hat’s Startup Spotlight Competition [1].
Conclusion
The investors have expressed confidence in Endor Labs’ vision and believe that it effectively addresses a significant need in the application security market. The funding secured will not only support the development of application security programs but also enable the company to expand its presence in other regions and areas of code and pipeline security. This investment has the potential to greatly impact developer productivity and enhance the overall security of software applications.
References
[1] https://www.darkreading.com/application-security/endor-labs-raises-70m-to-reform-application-security-and-eliminate-developer-productivity-tax
[2] https://www.businesswire.com/news/home/20230803306582/en/Endor-Labs-Raises-70M-to-Reform-Application-Security-and-Eliminate-Developer-Productivity-Tax
[3] https://finance.yahoo.com/news/endor-labs-raises-70m-reform-105900524.html
[4] https://www.builtinsf.com/2023/08/03/endor-labs-raises-70m-series-a?overriddenroutename=entity.node.canonical&baseroutename=entity.node.canonical&pagemanagerpage=nodeview&pagemanagerpagevariant=nodeview-panelsvariant-12&pagemanagerpagevariantweight=4
