Why We Raised a $93M Series B (In This Market)
Endor Labs raised a $93M Series B to accelerate its mission of securing the AI-driven software era. Learn why top investors preempted the round—and how Endor is redefining AppSec for modern development.
Endor Labs raised a $93M Series B to accelerate its mission of securing the AI-driven software era. Learn why top investors preempted the round—and how Endor is redefining AppSec for modern development.
Endor Labs raised a $93M Series B to accelerate its mission of securing the AI-driven software era. Learn why top investors preempted the round—and how Endor is redefining AppSec for modern development.
Endor Labs raised a $93M Series B to accelerate its mission of securing the AI-driven software era. Learn why top investors preempted the round—and how Endor is redefining AppSec for modern development.
Endor Labs raised a $93M Series B to accelerate its mission of securing the AI-driven software era. Learn why top investors preempted the round—and how Endor is redefining AppSec for modern development.
Endor Labs is my third company, but I can’t say I’ve ever been on a ride quite like this one. In the last 18 months, Endor Labs has grown ARR 30x with 166% Net Revenue Retention. Our platform now protects over 5 million applications and runs more than a million scans per week for individual customers. More importantly, it’s powering security at some of the most forward-thinking companies in the world, including OpenAI, Rubrik, People.ai, Observe.ai, and Mysten Labs.
And of course - running a startup through (yet another) period of unprecedented volatility in the market presents its own set of challenges.
We’ve been fortunate to build Endor Labs in a way that gives us flexibility. Thanks to strong product-market fit, disciplined execution, and incredible customers, we were already well funded and growing fast. But when the right partners show up, and the timing aligns with your next phase of growth—you lean in.
Today, we’re announcing our $93M Series B, led by DFJ Growth with participation from Salesforce Ventures. The round was significantly oversubscribed, and I’m proud to say it was preempted based on the traction we’ve built over the past 18 months. The reason is simple: we’re building a foundational company for one of the most defining shifts in modern software development.
The Application Security platform built for the software development revolution
When we launched Endor Labs, we had a thesis: traditional AppSec tools weren’t built to handle the scale, speed, and complexity of software development—especially with the acceleration of AI-generated code. At the time, the AI coding revolution was just taking shape. Since then, it’s exploded.
Turns out, our timing was right.
We had the space to build and compile data. Like a proprietary vulnerability database, call graphs for millions of open source packages, and embeddings that help us trace the provenance of AI generated code. Anyone can build an AI agent nowadays, but you need the right data to make it actually useful. That’s why we spent so much time on it. We also needed some very smart people. About a third of code committers at Endor Labs are PhDs specializing in program analysis and AI.
As AI adoption hit an inflection point, we were ready—with the world’s most comprehensive security dataset and a platform purpose-built for the next decade of software development.
So why raise now?
In short, because the problem is real, and customers need us to accelerate, and because we found the right partners. The addition of Ramin Sayar, and the significant series B funding puts us in a safe position to continue to build, while weathering market volatility. Especially when markets are in turmoil, our customers need to know their partners are in it for the long-haul.
We’re investing in scale. We’re hiring world-class engineers to continue building the deep tech that powers our platform. We’re expanding global go-to-market. And we’re evolving the product to support the next generation of AI-native security workflows.
Choosing our new partners was just as intentional.
DFJ Growth brings a proven track record of backing AI-centric companies like OpenAI, xAI, and Scale AI. More importantly, their newest partner Ramin Sayar is a seasoned cybersecurity operator and the former CEO of Sumo Logic. He knows the terrain. He’s been in the seat.
Salesforce Ventures brings unmatched insight into both the enterprise buyer and the software development lifecycle. As investors in companies like Wiz and Snyk, and as a massive engineering organization themselves, they understand the pain our customers are solving for—firsthand.
We’re not letting short-term market turbulence distract us from long-term impact. Yes, these are the most uncertain macroeconomic conditions since the Great Depression. But if there’s one thing we’ve learned as repeat founders, it’s this: category-defining companies are built in moments of volatility, not just in moments of hype.
This round is a reflection of the people who made it possible. Our team of engineers, builders, and operators who keep pushing the bar. Our customers who treat us like true partners. And our investors who see the scale of what’s possible.
We’re building the Application Security Platform for the AI era. And we’re just getting started.
— Varun
