Endor Labs Launches With $25M to Make Open-Source Software More Secure
Summary
The Palo Alto-based company emerged from stealth on Monday with a $25 million round of seed funding to help organizations speed up app development and avoid security issues.Building a digital solution from scratch takes a wealth of time that most organizations these days dont tend to have, so its not uncommon for software developers to build products using code that others have already written and shared online. In an average enterprise of about 10,000 employees, weve found that developers bring in about 40,000 direct dependencies, Varun Badhwar, Endor Labs co-founder and CEO, told Built In. The last element of Endor Labs tech helps companies manage all their components and respond immediately to any incidents.Founded in 2021, the platform has been operating in a private beta with companies ranging in size from 200 employees to 35,000.Endor Labs main focus is ensuring that software developers can devote their full attention to product innovation without worrying about security along their software supply chain. The bill aims to protect open-source software from cyberattacks as code reuse continues to occur.We think that the right way for the industry to move forward is for engineers to be able to actually maximize software reuse, focus on innovation and product development, and not be drowning in tens of thousands of [meaningless] alerts from security tools, Badhwar said.To achieve this goal, the Endor Labs is putting its new capital to work. The company is actively hiring for sales, product and engineering roles with plans to grow its current team of 32 to more than 75 over the next 12 months, Badhwar said.
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