Apiiro Raises $100 Million in Series B  

by Kay Aloha Villamor in November 4th, 2022

Apiiro, a Tel Aviv, London, and New York-based cloud-native application security platform, announced that it raised $100 million in Series B funding.

The round was led by General Catalyst, with participation by Greylock and Kleiner Perkins.

The new funding will be used to accelerate the business and advance the company’s mission to empower developers and application security engineers to proactively fix risks, before releasing to the cloud with all the context they need in a single solution.

“The unrelenting demand for next-generation application security solutions has allowed us to deploy our product at scale with leading Fortune 500 customers,” said 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.”

Apiiro has introduced a completely new approach to application security in the cloud by providing complete visibility into code bases, assessing risks from design to code to the cloud, and proactively fixing actual risks that attackers can exploit before releasing to the cloud.

This enables Fortune 500 companies to reduce operational costs and risks at scale with seamless deployment by connecting to their source control managers via API.

Company: Apiiro Ltd.

Raised: $100.0M

Round: Series B

Funding Month: November 2022

Lead Investors: General Catalyst

Additional Investors: Greylock and Kleiner Perkins

Company Website: https://apiiro.com/

Software Category: Cloud Application Security Platform

About the Company: Founded in 2019 by Idan Plotnik and Yonatan Eldar, Apiiro is an AppSec platform that helps businesses break down barriers between security and developers. Apiiro develops a cloud application security platform to give organizations an overview of security and compliance risks across applications, infrastructure, knowledge, and business impact. Its products include application security, software supply chain security, and cloud security. The Apiiro cloud-native AppSec platform helps security and development teams to gain complete visibility by discovering all application components, like APIs, services, dependencies, and sensitive data, and mapping the application attack surface to proactively remediate critical risks, before releasing it to the cloud. Its mission is to build one platform for Dev, Sec & Ops that enables proactive remediation of critical risks in cloud-native applications and accelerates secure software delivery.

Source: https://apiiro.com/news_item/apiiro-raises-100m-series-b-funding-round/

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