Endor Labs Secures $93 Million in Series B Funding to Propel AI Code Security Forward
Endor Labs Secures $93 Million to Advance AI Code Security
On April 23, 2025, Endor Labs, recognized as a leader in the application security landscape, announced it has raised an impressive $93 million in an oversubscribed Series B funding round. Led by DFJ Growth, the funding also saw participation from key players such as Salesforce Ventures, Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32, and Citi Ventures. This significant capital injection marks a pivotal moment for Endor Labs as it aims to bolster its innovative application security platform, specifically tailored for the rapidly evolving world of AI-generated code.
Endor Labs has experienced remarkable growth, boasting a staggering 30x increase in Annual Recurring Revenue (ARR) and achieving a 166% Net Revenue Retention (NRR) since its Series A funding just 18 months prior. With their platform now safeguarding over five million applications and conducting more than one million security scans weekly for esteemed clients including OpenAI and various global financial institutions, the company is positioned for continued success.
As software development increasingly incorporates AI-generated code, security becomes a paramount concern for developers and organizations alike. Ramin Sayar, Venture Partner at DFJ Growth, highlighted the challenges these shifts present, stating, "Developers' reliance on AI-generated code further complicates the challenge for security teams." With traditional security measures struggling to keep pace, Endor Labs leverages its deep expertise to rethink security fundamentals. Their aim is to detect and mitigate the risks associated with AI-generated code effectively.
The funds from the recent Series B round will principally be allocated towards expanding Endor Labs' AppSec platform. The new enhancements will lead to the creation of AI agents that not only identify vulnerabilities but actively address them throughout the software development lifecycle. This proactive approach is designed not only to alert developers of potential risks but also to implement fixes automatically, thus neutralizing threats before they impact production environments.
Varun Badhwar, co-founder and CEO of Endor Labs, expressed optimism regarding the company's future trajectory. He emphasized the importance of maintaining momentum in the face of market fluctuations, saying, "We are building for the scale required to secure this AI era and not letting intermediate market volatility diverge us from our big goals. Our marquee customers need an application security platform that supports the pace of development they are confronting with AI."
In the current environment, with around 62% of solutions generated by AI harboring bugs or vulnerabilities, traditional security tools are inadequate. Endor Labs addresses this critical issue through a combination of robust technical analysis and intelligent automation, thereby safeguarding modern applications more effectively.
As the importance of application security rises, Endor Labs stands out as a vital player in the industry. Their commitment to innovation and excellence, coupled with a strong market position, is enabling them to address the unique security challenges brought about by the increasing integration of AI in software development. For further details and insights into their expanded platform, visit their website and join them at the upcoming RSA Conference.
For more updates on Endor Labs' journey and solutions, be sure to check out their latest developments in AI-driven application security.