Legit Security, an application security posture management firm, has secured $40 million in a Series B funding round, bringing its total funding to $77 million. The funding round was led by CRV and included participation from Cyberstarts, Bessemer Venture Partners, and TCV.
Founded in 2020 and based in Tel Aviv, Legit Security offers a platform that employs continuous analysis and correlation to detect and resolve code vulnerabilities, covering the entire development cycle to cloud deployment. This solution aggregates vulnerabilities from various sources, integrates with existing security tools, and provides real-time visibility and security control to enhance development processes and mitigate risks.
Legit Security’s clientele already includes prominent brands across industries such as banking, cybersecurity, consumer products, and insurance. With this new funding, the company plans to expand its sales, marketing, and research and development teams.
Additionally, it aims to address the cybersecurity challenges posed by artificial intelligence (AI) and large language models (LLMs) in application development. The company’s mission is to continuously manage application security, securing software from code to the cloud. CEO and co-founder Roni Fuchs expressed the significance of this investment in furthering their mission by extending security and governance to AI-generated code and embedded LLMs in applications.
