Legit Security Raises $40 Million in Series B Funding to Revolutionize App Vulnerability Identification

Hold onto your firewalls, because we have some exciting news from the world of cybersecurity! Legit Security, a cutting-edge company dedicated to identifying app vulnerabilities from code, just raised a whopping $40 million in a Series B funding round. Led by CRV, this funding round also saw participation from Cyberstarts, Bessemer Venture Partners, and TCV. With a total raised amount of $77 million, Legit Security is ready to take on the challenges of the cybersecurity realm. Let’s dive into the details and explore the implications of this funding for Legit’s future endeavors.

Picture a team of cybersecurity experts working tirelessly to identify vulnerabilities in applications. That’s exactly what Legit Security is all about. With their innovative platform, they analyze code to pinpoint weaknesses and help organizations stay one step ahead of cyber threats.

In their recent funding round, Legit Security secured an impressive $40 million. This substantial investment not only highlights the confidence of prominent investors like CRV, Cyberstarts, Bessemer Venture Partners, and TCV but also underscores the recognition of Legit Security’s potential in the cybersecurity landscape.

So, what does this funding mean for Legit Security? It provides a substantial boost to their mission of revolutionizing app vulnerability identification. With additional financial resources, they can further develop their platform, advance their research, and expand their reach in the cybersecurity market.

CEO Roni Fuchs expressed their plans for the funds, which will primarily be allocated towards:

1. Continued Research and Development: Legit Security recognizes the ever-evolving nature of cybersecurity threats. With the new funds at their disposal, they can invest in ongoing research and development to stay at the cutting edge of app vulnerability identification. This will allow them to refine their platform and adapt to emerging threats.

2. Talent Acquisition and Team Expansion: To fuel their growth, Legit Security plans to bring in new talent to strengthen their team. By expanding their roster of cybersecurity experts, they can enhance their capabilities and deliver even greater value to their clients.

3. Market Expansion and Customer Acquisition: Armed with this significant investment, Legit Security aims to expand its

Original Article https://techcrunch.com/2023/09/20/legit-security-lands-40m-to-lock-down-apps-and-dev-environments/