Legit Security, a cybersecurity company specializing in Application Security Posture Management (ASPM), has secured $40 million in a Series B funding round led by CRV, with participation from existing investors Cyberstarts, Bessemer Venture Partners, and TCV.
Legit Security’s ASPM platform continuously reduces application risk by identifying, analyzing, correlating, and remediating vulnerabilities from code development to cloud deployment. The platform offers real-time visibility and security control across evolving development environments, providing a unified application security control plane. It consolidates vulnerabilities from various sources, enforces security policies, and prioritizes risks, helping organizations focus on critical security issues.
Gartner predicts that by 2026, over 40% of organizations creating custom applications will adopt ASPM. Legit Security’s client base includes prominent enterprise brands like Google, NYSE, Kraft Heinz, and Takeda Pharmaceuticals, along with Fortune 500 customers from various industries. Legit Security’s platform deployments across all customers have nearly doubled in size within the first year of implementation.
The Series B funding will support the company’s expansion in sales, marketing, and R&D. Additionally, it will address the emerging threat of Artificial Intelligence and Large Language Models (LLMs) in application development. These AI technologies introduce new security challenges, and Legit Security aims to provide solutions to safeguard applications using AI-generated code and embedded LLMs.
Roni Fuchs, co-founder and CEO of Legit Security, said, “With this investment, our mission gains additional traction and speed, including new capabilities to extend visibility, security, and governance to AI-generated code and embedded Large Language Models (LLMs) in applications.”
Legit Security’s ASPM platform is well-positioned to transform the application security industry by providing a holistic approach that enhances collaboration between security and development teams for increased speed and efficiency.