Endor Labs Raises $70M to Reform Application Security and Eliminate Developer Productivity Tax tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Endor Labs, which offers a platform developers can use to manage and secure their open source dependencies, today closed a $70 million Series A round led by Lightspeed Venture Partners with participation from Coatue, Dell Technologies Capital, Section 32 and a number of angel investors. The new financing quite large for a Series A, and coming only 10 months after the company's launch brings Endor's total raised to $95 million. Co-founder and CEO Varun Badhwar says that it'll be put toward expanding the startup's 55-person workforce and "deepening" Endor's existing technical capabilities while expanding its go-to-market initiatives.