Endor Labs, the creator of the Code and Pipeline Governance Platform, has successfully raised $70 million in an oversubscribed Series A financing round led by Lightspeed Venture Partners (LSVP) and joined by Coatue, Dell Technologies Capital, Section 32, and over 30 industry-leading CEOs, CISOs, and CTOs.
The funding, which includes $22 million converted to equity from the previous round, will help Endor Labs develop effective application security programs without imposing a productivity tax on developers.
The company’s Code and Pipeline Governance Platform automates encryption key management for individuals and entities, offering an unlimited number of keys to secure personal or entity data. It aims to eliminate security vulnerabilities in the software development lifecycle by focusing on open-source software governance, helping teams select and maintain high-quality and secure OSS from the beginning.
The funding will enable Endor Labs to expand into other areas of code and pipeline security and enter new geographical regions, such as EMEA. The company aims to achieve application security without wasting development cycles and plans to consolidate the DevSecOps toolchain, simplify tool deployments, and prioritize critical risks.
Endor Labs has already received industry recognition and accolades, being recognized as a Gartner Cool Vendor and selected as a finalist in both RSA Conference’s Innovation Sandbox and Black Hat’s Startup Spotlight Competition.
The company was founded in 2021 by Varun Badhwar and Dimitri Stiliadis, who have previously founded successful cybersecurity ventures, and it has quickly gained traction in the market with its innovative approach to application security. The investment validates the company’s platform approach and its mission to simplify security controls while focusing on critical risks that matter most.