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Semgrep Secures $100M Series D Funding to Revolutionize AI-Powered Code Security
Semgrep, an application security platform, has raised $100 million in its Series D funding round, led by Menlo Ventures, bringing its total funding to $204 million. The capital will enhance code security, attract AI talent, and expand product offerings. Semgrep aims to improve developer productivity while shifting security perception positively. Key leadership appointments include Garrett Souza as VP of Sales and Mark McLaughlin as an Angel Investor and Advisor. Industry experts highlight Semgrep’s innovative approach to autonomous code security as a future trend. This funding follows a successful Series C raise in April 2023, underscoring its growth trajectory.
Revolutionizing Banking: How AI is Enhancing Financial Crime Compliance
The integration of Artificial Intelligence (AI) into financial crime compliance (FCC) is revolutionizing the banking industry, according to the Celent Dimensions Survey 2025. AI, which has been evolving since 2016, is now a key focus for IT investments in finance. Regulatory bodies like the U.S. Treasury and the UK’s FCA are monitoring AI’s impact on detecting fraud. However, challenges remain, including outdated infrastructure, data quality, security concerns, and misconceptions about technical expertise needed for AI use. Successful implementations, such as Valley Bank’s 65% automation of sanctions alerts, demonstrate AI’s potential to enhance efficiency and compliance in financial institutions.
Armis Boosts Cyber-Physical Security with Strategic Acquisition of OTORIO
Armis has acquired OTORIO to enhance its cybersecurity services, particularly in operational technology (OT) and cyber-physical systems (CPS) security. This move addresses the growing demand for robust security in industries like oil and gas, utilities, and manufacturing. Integrating OTORIO’s Titan platform with Armis’ Centrix™ will improve security for air-gapped environments, enabling secure remote access and comprehensive attack path mapping. This acquisition aligns with Armis’ strategy to expand its technological capabilities ahead of its initial public offering (IPO). Both CEOs highlighted the importance of this partnership in meeting the evolving needs of critical infrastructure security.
Lemonway and Entrust Join Forces to Transform Marketplace Onboarding with Cutting-Edge Automated Identity Verification
Lemonway, a prominent pan-European payment institution, has partnered with Entrust to enhance the onboarding experience for marketplaces through their new Online Onboarding solution. This innovative tool simplifies the onboarding process by utilizing Entrust’s advanced identity verification technologies, enabling rapid identity verification for individuals in under two minutes and businesses within 48 hours. Key benefits include end-to-end onboarding management, customizable branding, and advanced fraud prevention, all while ensuring compliance with European regulations. Industry leaders from both companies emphasize that this collaboration allows marketplaces to focus on growth and strategy while maintaining a secure onboarding experience.