TEL AVIV, LONDON and NEW YORK – November 3, 2022 – Apiiro, the chief in Cloud-Native Application Security, right this moment introduced a big Series B spherical of $100M led by General Catalyst with participation by Greylock and Kleiner Perkins. The new funding shall be used to speed up the enterprise and advance the corporate’s mission to empower builders and software safety engineers to proactively repair dangers earlier than releasing to the cloud with all of the context they want in a single answer.
With extra firms shifting to agile growth and adopting CI/CD practices to launch code to the cloud each day, there may be an exponential enhance within the variety of adjustments. This creates an enormous market alternative to assist CISOs and CIOs successfully and contextually establish, prioritize and remove dangers of their code and growth environments to stop software and software program provide chain threats utilizing one answer.
“In this economy, it’s important to invest in technology that helps companies drive business growth,” stated Quentin Clark, Managing Director at General Catalyst. “Idan, Yonatan and the Apiiro team are giving customers a solution to a whole problem – not just a piece of it. They are going beyond providing tools for developers to address potential security issues in the code base and actually delivering an operational platform that workflows those fixes in context of how a company is configuring and deploying software. This approach has driven phenomenal growth to date, which comes from strong execution with the right team at the right time.”
Apiiro has launched a totally new method to software safety within the cloud by offering full visibility into code bases, assessing dangers from design to code to cloud and proactively fixing precise dangers that attackers can exploit earlier than releasing to the cloud. This allows Fortune 500 firms to scale back operational prices and dangers at scale with seamless deployment by connecting to their supply management managers by way of API.
There are a number of remoted and unrelated findings hiding throughout code, configurations, open supply packages and cloud infrastructure that when pulled along with related context, creates a “risk story” that’s exploitable by attackers. Apiiro’s Risk Graph expertise connects these infinite components with actionable context to supply a totally new means for builders and safety groups to repair dangers.
“The unrelenting demand for next generation application security solutions has allowed us to deploy our product at-scale with leading Fortune 500 customers,” stated Idan Plotnik, co-founder and CEO of Apiiro. “Early innovation enabled us to grow faster and more efficiently than the competition, and we are building the company for hyper growth. The combination of our team, business momentum, and support from top-tier investors positions Apiiro to continue to lead a growing industry.”
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About Apiiro
Apiiro helps safety and growth groups proactively repair dangers earlier than releasing to the cloud. The firm is backed by General Catalyst, Greylock, and Kleiner Perkins. apiiro.com.