Total amount raised
$135 Millions
Latest funding date
11/01/2022
Location
Apiiro has successfully raised significant funding through multiple rounds, with the latest being a Series B. The company offers a comprehensive platform that integrates various tools to provide deep visibility and context for application security.
Keep reading to explore the intricacies of Apiiro's fundraising journey and the investors backing this innovative platform.
What Is Apiiro?
Apiiro, founded on July 1, 2018, is headquartered in New York, New York. The company was established by Idan Plotnik and Yonatan Eldar.
Specializing in Application Security Posture Management (ASPM), Apiiro offers a platform that integrates with various security tools to provide a unified view of application security. This enables security and development teams to proactively remediate risks before releasing to the cloud.
With a workforce of 101-250 employees, Apiiro's platform includes features like deep code analysis, continuous risk assessment, and a developer-centric policy engine, helping teams prioritize and efficiently address vulnerabilities.
How Much Funding Has Apiiro Raised?
- Series A
- Amount Raised: $35M
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and scaling of Apiiro's security and risk management solutions.
- Series B
- Amount Raised: $100M
- Date: November 2022
- Lead Investors: General Catalyst, Greylock, Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate business growth and advance Apiiro's cloud-native application security platform.
Total Amount Raised: $135M. Current Valuation: Not publicly disclosed.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They partner with founders to build companies that withstand the test of time.
- Investment Focus Areas: Technology, healthcare, consumer, enterprise sectors.
- Notable Investments: Airbnb, Stripe, Snap.
- Greylock
- Details: Greylock is a venture capital firm that partners with enterprise and consumer software entrepreneurs. They invest in companies at various stages, from seed to growth.
- Investment Focus Areas: Enterprise software, consumer software, infrastructure.
- Notable Investments: Facebook, LinkedIn, Airbnb.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that specializes in investing in early-stage, growth, and incubation companies. They focus on technology and life sciences sectors.
- Investment Focus Areas: Technology, life sciences, digital health, enterprise software, consumer internet.
- Notable Investments: Google, Amazon, Twitter.
Information about other key investors in Apiiro was not found in the provided sources.
What's Next for Apiiro?
Apiiro stands at the cusp of significant growth opportunities, driven by the increasing demand for next-generation application security solutions. The company's platform, which provides comprehensive visibility and risk assessment from design to cloud deployment, positions it well to capitalize on the shift towards agile development and CI/CD practices. This trend is creating a massive market opportunity, particularly among Fortune 500 companies looking to reduce operational costs and risks at scale.
With the recent $100 million Series B funding, Apiiro is well-positioned for future fundraising rounds to further accelerate its growth and innovation. The strong support from top-tier investors like General Catalyst, Greylock, and Kleiner Perkins underscores the company's potential for continued expansion. However, challenges such as staying ahead of evolving security threats and maintaining seamless integration with customers' existing systems remain.
As Apiiro continues to grow, it may also become an attractive acquisition target for larger technology firms seeking to enhance their security offerings. The company's innovative platform and strong market position make it a key player in the rapidly evolving cybersecurity landscape.
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