The latest milestone in funding will help Endor Labs build on its current momentum by expanding into other areas of code and pipeline security, and other geographics, such as EMEA. With over 90% of code in modern applications coming from open source software (OSS) repositories, the Endor Labs team chose to build its foundation on OSS governance, focusing on helping teams select and maintain high-quality and secure OSS from the onset, and cutting 80% of the vulnerability noise by pinpointing reachable and exploitable risks that would truly affect operations. Today, developers waste more than half their time investigating endless security alerts, integrating and maintaining security tools in continuous integration and continuous delivery (CI/CD) pipelines, and negotiating priorities and exceptions with security teams. The new round of funding, which includes $22M converted to equity from the previous round and comes only 10 months after the company’s launch, will help Endor Labs create effective application security programs that don’t impose a productivity tax on developers. Endor Labs raises $70 million in oversubscribed Series A financing from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32, and over 30 industry-leading CEOs, CISOs, and CTOs.Īrif Janmohamed of Lightspeed, Sri Viswanath of Coatue and former CTO of Atlassian and Deepak Jeevankumar of Dell Technologies Capital will be joining the Endor Labs Board.
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