One sentence summary – Cybersecurity firm Legit Security has raised $40 million in a Series B funding round led by CRV, bringing its total capital raised to $77 million; the company offers a comprehensive platform that analyzes and correlates code vulnerabilities throughout the software development process, with plans to expand its teams and invest in research and development to address emerging threats.
At a glance
- Legit Security, a cybersecurity firm based in Tel Aviv, has raised $40 million in a Series B funding round.
- This latest round of funding brings the total capital raised by the company to $77 million.
- The funding round was led by CRV, with participation from Cyberstarts, Bessemer Venture Partners, and TCV.
- Legit Security offers a comprehensive platform that analyzes and correlates code vulnerabilities throughout the entire software development process, including cloud deployment.
- The company’s recent funding success positions them as a leading player in the cybersecurity industry, with a focus on addressing emerging threats.
The details
Legit Security, a cybersecurity firm based in Tel Aviv, has raised $40 million in a Series B funding round.
This latest round of funding brings the total capital raised by the company to $77 million.
The funding round was led by CRV.
Cyberstarts, Bessemer Venture Partners, and TCV also participated in the funding round.
Legit Security’s Background
Legit Security was founded in 2020.
The company offers a comprehensive platform that analyzes and correlates code vulnerabilities throughout the entire software development process.
This process extends right up to cloud deployment.
Legit Security’s solution integrates seamlessly with existing security tools.
This integration provides real-time visibility and security control from a single pane.
The platform enables organizations to proactively identify and mitigate potential security risks.
This ensures robust protection for their applications.
Clientele and Effectiveness
Legit Security’s clientele spans across various industries.
These industries include banking, cybersecurity, consumer products, insurance, and more.
The company’s platform has gained traction among prominent brands.
This highlights its effectiveness in safeguarding sensitive information and bolstering application security.
Future Plans and Emerging Threats
With the newly secured funding, Legit Security plans to expand its sales, marketing, and research and development teams.
This expansion will enable the company to reach a broader customer base.
It will also allow the company to further enhance their innovative platform.
Additionally, the company aims to address the emerging threat posed by artificial intelligence and large language models to application development.
By investing in this area, Legit Security aims to stay at the forefront of cybersecurity advancements.
This will provide robust protection against evolving risks.
Positioning in the Industry
Legit Security’s recent funding success positions them as a leading player in the cybersecurity industry.
Their advanced platform for analyzing code vulnerabilities is a key part of their success.
Their commitment to expanding their teams and investing in research and development demonstrates their dedication to maintaining cutting-edge security solutions.
The company’s focus on addressing emerging threats further underscores this dedication.
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| securityweek.com |
|---|
| – Legit Security has raised $40 million in a Series B funding round, bringing their total raised to $77 million. – |
| The funding round was led by CRV and included additional financing from Cyberstarts, Bessemer Venture Partners, and TCV. – Legit Security was founded in 2020 and is based in Tel Aviv, Israel. – |
| The company offers a platform that analyzes and correlates code vulnerabilities throughout the development process to cloud deployment. – |
| Their solution integrates with existing security tools and provides real-time visibility and security control from a single pane. – Legit Security serves prominent brands in banking, cybersecurity, consumer products, insurance, and other industries. – |
| The funding will be used to expand sales, marketing, and research and development teams. – Legit Security also plans to invest in combating the threat posed by artificial intelligence and large language models to application development. |
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