DEVOPSdigest

Endor Labs announced $70M in oversubscribed Series A financing from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32, and over 30 CEOs, CISOs, and CTOs.

Arif 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. 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.

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. 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. Through all of its current and future initiatives, the core mission will remain the same: To achieve application security without wasting development cycles by surfacing risks that actually matter across the software development lifecycle.

“Application security is fundamentally broken today – engineering teams are constantly being asked to deploy dozens of AppSec tools in the CI/CD pipeline, which creates significant work for developers, slows down feature delivery, and increases friction between the engineering and security teams,” said Varun Badhwar, Founder and CEO of Endor Labs. “The path forward lies in consolidating the DevSecOps toolchain, simplifying tool deployments, and prioritizing the handful of risks that actually matter. This is the future we envision, and our team is working closely with our customers and partners to reach that goal. We thank our investors for their recent endorsement, and we pledge to continue innovating in this critical arena.”

Endor Labs was founded in 2021 by Varun Badhwar and Dimitri Stiliadis, who previously founded RedLock and Aporeto, respectively, and scaled Prisma Cloud by Palo Alto Networks from inception to a $300M ARR business in only three years. While managing a team of 400-plus developers, Badhwar and Stiliadis recognized the pain involved in balancing engineering productivity with software supply chain security.