Semgrep Secures $53M in Funding Round to Boost Software Security

Semgrep, a code security solution designed for engineering-centric security programs, announced it is receiving $53M in Series C funding, enabling the company to extend its application security platform to cover the entire modern development process, all built on top of the Semgrep engine.

The funding round was led by Lightspeed Venture Partners. With added participation from previous investors Felicis Ventures, Redpoint Ventures, and Sequoia Capital, this round brings the company's total funding to $93M to date.

Semgrep will use the Series C funds to invest in its product roadmap, expand its sales and growth marketing efforts, and expand internationally.

Semgrep is designed for engineers—software and security alike—who need to maintain a fast cadence of software development and solve the root causes of security issues.

Semgrep takes an engineer-centric approach: surfacing security findings during software development that are relevant to a given engineer. Once findings are presented, engineers can easily remediate, edit noisy rules, and provide feedback to the security team to strengthen security policies, thus making the security process collaborative.

"Our users are looking for complete security solutions rather than point solutions," said Isaac Evans, founder and CEO at Semgrep.  

The company's funding round is coupled with the change in the company's name from r2c to Semgrep. Since its launch in 2020, Semgrep has become the tool of choice for modern security teams looking to eliminate entire classes of vulnerabilities, according to the vendor.

The rise of Semgrep and its broad acceptance within the developer-focused security community has differentiated the company's product.

According to the company, this rebrand is recognition of Semgrep as the technology layer that is underpinning the company mission now and going forward. 

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