Endor Labs Secures $93M Funding to Enhance AI-Driven Application Security Platform
Endor Labs has successfully secured a notable $93 million Series B funding round to enhance its application security efforts focusing on the increasing prevalence of AI-generated software code. This significant investment reflects the growing importance of security in modern software development practices.
Details of the Funding Round
The oversubscribed funding round was led by DFJ Growth and included contributions from several prominent investors, such as:
- Salesforce Ventures
- Lightspeed Venture Partners
- Coatue
- Dell Technologies Capital
- Section 32
- Citi Ventures
Endor Labs: Pioneers in Application Security
Endor Labs has established itself as a leader in application security (AppSec), particularly in light of evolving development practices. The platform currently protects over 5 million applications and conducts more than 1 million security scans weekly. Notable clients include:
- OpenAI
- Rubrik
- People.ai
- Observe.ai
- Mysten Labs
- Various global financial institutions
Expansion Plans and Innovative Features
The newly acquired funding will facilitate the expansion of Endor Labs’ AppSec platform, designed specifically to address the challenges posed by AI-generated code and what the company refers to as “vibe coding.” Key features of the enhanced platform include:
- Utilization of agentic AI to detect and prioritize threats
- Automatic remediation of vulnerabilities before they reach production
- Integration of AI agents into the software development lifecycle
Market Impact and Leadership Insights
According to Ramin Sayar, a venture partner at DFJ Growth, the increasing reliance on AI-generated code complicates security for development teams. He emphasized Endor Labs’ commitment to innovating security measures tailored to modern development practices.
Co-founder and CEO Varun Badhwar stated, “We are building for the scale required to secure this AI era, ensuring that we remain focused on our ambitious goals despite market volatility.”
Growth Metrics and Future Prospects
The latest funding underscores Endor Labs’ impressive growth trajectory, having achieved a remarkable 30x increase in annual recurring revenue and a 166% net revenue retention rate since its Series A round just 18 months prior. This substantial growth positions Endor Labs as a formidable player in the application security landscape.
For more on the evolving landscape of application security, visit CSO Online for insights and trends.
