Apiiro Raises $100M in Recent Funding Round to Propel Cloud-Native Application Security

Apiiro, a provider of cloud-native application security, announced it has received $100 million in a significant Series B round, allowing the enterprise to accelerate the business and advance the company’s mission to empower developers and application security engineers to proactively fix risks before releasing to the cloud. The funding round was led by General Catalyst with participation by Greylock and Kleiner Perkins.

Apiiro introduced a completely new approach to application security in the cloud by providing complete visibility into code bases, assessing risks from design to code to cloud and proactively fixing actual risks that attackers can exploit before releasing to the cloud. This enables Fortune 500 companies to reduce operational costs and risks at scale with seamless deployment by connecting to their source control managers via API, according to the company.

There are several isolated and unrelated findings hiding across code, configurations, open source packages and cloud infrastructure that when pulled together with relevant context, creates a “risk story” that is exploitable by attackers. Apiiro’s Risk Graph technology connects these infinite factors with actionable context to offer a completely new way for developers and security teams to fix risks.

“The unrelenting demand for next generation application security solutions has allowed us to deploy our product at-scale with leading Fortune 500 customers,” said Idan Plotnik, co-founder and CEO of Apiiro. “Early innovation enabled us to grow faster and more efficiently than the competition, and we are building the company for hyper growth. The combination of our team, business momentum, and support from top-tier investors positions Apiiro to continue to lead a growing industry.”

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