Semgrep, a San Francisco, CA-based provider of a code security solution for engineering-centric security programs, raised $53M in Series C funding.
The round, which brought the total amount to $93M, was led by Lightspeed Venture Partners with participation from previous investors Felicis Ventures, Redpoint Ventures, and Sequoia Capital.
The company intends to use the funds to invest in its product roadmap, expand its sales and growth marketing efforts, and expand internationally.
Led by Isaac Evans, Founder and CEO, Semgrep is an open source platform for scanning code for security, reliability and other issues. The solution is designed for software engineers who need to maintain a rapid software development cadence and address the root causes of security issues. Once findings are presented, engineers can remediate, edit rules, and provide feedback to the security team to strengthen security policies, thus making the security process collaborative.
FinSMEs
18/04/2023