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

PRIVATESep 20, 2023

Amount Raised

$40 Million

Round Type

Series B

SecurityNetwork 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.

Quick answer

Legit Security raised $40 Million in a Series B round, dated September 20, 2023. Investors: TCV, Bessemer Venture Partners, Cyberstarts and CRV.

How much did Legit Security raise?
Legit Security raised $40 Million in a Series B round on September 20, 2023.
Who invested in Legit Security?
TCV, Bessemer Venture Partners, Cyberstarts and CRV are named as investors in this round.
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.

  • Tidal Cyber raised $3M (Seed) on November 3, 2023.
  • zeroRISC raised $5M (Funding Round) on October 30, 2023.
  • Ambient raised $20M on October 30, 2023.
  • SecureW2 raised an undisclosed amount on October 18, 2023.
  • SpyCloud raised $110M (Funding Round) on August 24, 2023.
  • SpyCloud raised $35M on August 16, 2023.

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
  • Who you already know at Legit Security, from your own LinkedIn network

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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
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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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