Endor Labs, a Palo Alto, CA-based company, emerged from stealth, launching the company with a Dependency Lifecycle Management Platform that helps development and security teams maximize software reuse by safely evaluating, maintaining, and updating dependencies.
The company also announced that it raised $25 million in seed funding roundfrom Lightspeed Venture Partners, Dell Technology Capital, Sierra Ventures, and several industry luminaries, including CEOs and executives from Palo Alto Networks, Zoom, Snowflake, Zscaler, Netskope, Rubrik, Databricks, Microsoft, and more.
"Eighty percent of the code in modern applications is code your developers didn't write but depend on through open-source packages. When our founding team was leading the Prisma Cloud engineering group at Palo Alto Networks, we realized the true magnitude of this issue," said co-founder and CEO Varun Badhwar. "Having previously created the Cloud Security Posture Management (CSPM) category, this team knows how to take on next generation threats. Our mission now is to enable OSS to live up to its true potential without introducing unnecessary risk. It's exciting to once again take a new approach to the market, and we believe these solutions will radically enhance application development everywhere."
Endor Labs' platform provides security and development teams with an unprecedented understanding of how dependencies are used across their organization. It helps customers select better dependencies, secure, monitor, and maintain them at scale, and quickly respond to incidents like Log4j.
Company: Endor Labs Inc.
Round: Seed Round
Funding Month: October 2022
Lead Investors: Lightspeed Venture Partners, Dell Technology Capital, Sierra Ventures
Company Website: https://www.endorlabs.com/
Software Category: Dependency Lifecycle Management Platform
About the Company: Founded by industry veterans Varun Badhwar and Dimitri Stiliadis, Endor Labs helps developers spend less time dealing with security issues and more time accelerating development through safe Open-Source Software (OSS) adoption. It's Dependency Lifecycle Management™ Solution helps organizations maximize software reuse by enabling security and development teams to select, secure, and maintain OSS at scale. Endor Labs uncovers potential security and operational risks beyond known vulnerabilities by performing deep analytics on each OSS dependency. The Endor Labs engineering team includes some world's leading static analysis experts, including 7 PhDs and senior engineers from Meta, Uber, Amazon, and Microsoft.
Source: Endor Labs Press Release