Software Supply Chain Startup Endor Labs Scores Massive $70M Series A Round
Summary
Just ten months after securing an abnormally large seed-stage funding round, software supply chain startup Endor Labs has attracted renewed interest from venture capital investors. The company, founded by serial entrepreneur Varun Badhwar, has closed a massive $70 million Series A round of financing to fuel ambitious plans to build a dependency lifecycle management platform. The company said investors in the latest round included Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32, and a roster of bold-faced names in cybersecurity. “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,” Badhwar said, arguing that the path forward lies in consolidating the DevSecOps toolchain, simplifying tool deployments, and prioritizing the few risks that actually matter. Earlier this week, San Francisco-based Socket closed a $20 million Series A round for technology that uses “content-based analysis” to look for the behavior of software dependencies to quickly flag and fix suspicious activity.
Funding
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