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Legit Security Launches Out Of Stealth With Series A Investment To Secure Software Supply Chains

PRIVATEFeb 10, 2022

Round Type

Series A

SecurityNetwork Security

Description

Legit Security, a cyber security company with an enterprise SaaS solution to secure an organization’s software supply chain, today announced its launch out of stealth mode with a Series A $30 million funding announcement with leading venture capital firms Bessemer Venture Partners and TCV. Prior seed funding was provided by CyberStarts, the premier cybersecurity venture capital firm in Israel. Legit Security protects software supply chains from attack by automatically discovering and securing the pipelines, infrastructure, code and people so that businesses can stay safe while releasing software fast. The company will use the funds to expand its engineering team and continue building its go-to-market organization in the United States with offices in Austin and Palo Alto.

Quick answer

Legit Security raised an undisclosed amount in a Series A round, dated February 10, 2022.

How much did Legit Security raise?
Legit Security raised an undisclosed amount in a Series A round on February 10, 2022.
What does Legit Security do?
The Legit Security ASPM platform is a new way to manage application security in a world of AI-first development, providing a cleaner way to manage and scale AppSec and address risks.
Where is Legit Security based and how big is it?
Fundz records about 97 employees.
Who are the decision-makers at Legit Security?
Fundz holds 2 contacts at Legit Security. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Network Security around the same time

Companies in the same sectors as Legit Security that raised within 45 days of this round, from Fundz verified event records.

  • authID® raised $23M (Funding Round) on March 21, 2022.
  • Kognitive Networks raised $4.4M on March 11, 2022.
  • Tidal Cyber raised $681K (Seed) on March 4, 2022.
  • Beyond Identity raised $100M on February 24, 2022.
  • Beyond Identity raised $100M (Funding Round) on February 22, 2022.
  • Defendify raised $1.4M on February 16, 2022.

Who to call at Legit Security, and when

A new round usually means Legit Security is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Legit Security raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
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Company Information

Company

Legit Security

About

The Legit Security ASPM platform is a new way to manage application security in a world of AI-first development, providing a cleaner way to manage and scale AppSec and address risks. Fast to implement, easy to use, and AI-native, Legit has an unmatched ability to discover and visualize the entire software factory attack surface, including a prioritized view of AppSec data from siloed scanning tools. As a result, organizations have the visibility, context, and automation they need to quickly find, fix, and prevent the application risk that matters most. Spend less time chasing low-risk findings, more time innovating.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Legit Security raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Legit Security raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.