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Legit Security Secures $40 Million Series B Investment Led By Crv

Sep 20, 2023about 2 years ago

Amount Raised

$40 Million

Round Type

series b

BostonSecurityNetwork Security

Investors

TcvBessemer Venture PartnersCyberstartsCrv

Description

Legit Security, a cyber security company with an enterprise Application Security Posture Management (ASPM) platform that enables secure application delivery from code to cloud and protects an organization's software supply chain from attack, has successfully closed a $40 million venture capital round investment led by CRV with participation from existing investors Cyberstarts, Bessemer Venture Partners, and TCV.

Company Information

Company

Legit Security

Location

Boston, Massachusetts, United States

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech