Endor Labs Raises $93 Million in Series B Funding to Scale Secure Software Development

Endor Labs, a leading company in application security, has secured an oversubscribed $93 million Series B funding round. The round was led by DFJ Growth and saw participation from Salesforce Ventures, Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32, and Citi Ventures. Since its Series A funding 18 months ago, Endor Labs has achieved 30x Annual Recurring Revenue (ARR) growth and 166% Net Revenue Retention (NRR). The platform now protects over 5 million applications and conducts more than 1 million scans weekly for clients including OpenAI, Rubrik, People.ai, Observe.ai, Mysten Labs, and global financial institutions. 

The funding will support the expansion of Endor Labs' AppSec platform, designed to power a new generation of AI agents that operate within the software development lifecycle, prioritizing and proposing remediations, and applying fixes automatically to neutralize threats before production.

The investment reflects Endor Labs' commitment to providing a secure application security platform for the AI era and its unique market position in addressing the challenges posed by the increasing reliance on AI-generated code. The company's platform combines deep technical analysis and intelligent automation to keep up with the fast-paced and less overseen software development. The funding round is a testament to Endor Labs' dedication to securing the AI era and its vision for the future of software development.

Learn more about the funding here.