Total amount raised
$193 Million
Latest funding date
2/1/2025
Location
Semgrep has successfully raised funds through four distinct funding rounds, with its latest being a Series D round. The platform specializes in AI-assisted static application security testing (SAST), software composition analysis (SCA), and secrets detection.
Notable investors backing Semgrep include Redpoint, Lightspeed Venture Partners, and Menlo Ventures. Keep reading to explore the intricacies of Semgrep's fundraising journey and the investors supporting this innovative platform.
What Is Semgrep?
Semgrep is a private company based in San Francisco, California, specializing in application security. The platform offers AI-assisted static application security testing (SAST), software composition analysis (SCA), and secrets detection. It operates in the cyber security, network security, and software industries.
With an employee count ranging from 51 to 100, Semgrep has successfully raised funds through a Series D round. The company is recognized for its ability to scan code for bugs, security vulnerabilities, and enforce coding standards, making it a trusted tool among leading engineering teams.
How Much Funding Has Semgrep Raised?
- Series A
- Amount Raised: USD 13,000,000
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of Semgrep's application security platform.
- Series B
- Amount Raised: USD 27,000,000
- Date: July 2021
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and enhance its market reach.
- Series C
- Amount Raised: USD 53,000,000
- Date: April 2023
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI capabilities and grow the enterprise sales team.
- Series D
- Amount Raised: USD 100,000,000
- Date: February 2025
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To commercialize the main product and hire AI and program analysis experts.
Total Amount Raised: USD 193,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that invests in early-stage and growth-stage companies across various sectors. They led the Series D funding round for Semgrep.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Uber, Roku, Warby Parker.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm that invests in enterprise, consumer, and health sectors. They participated in the Series C funding round for Semgrep.
- Investment Focus Areas: Enterprise, consumer, health sectors.
- Notable Investments: Snap, Nest, AppDynamics.
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that focuses on early-stage investments in technology and life sciences companies. They participated in the Series B funding round for Semgrep.
- Investment Focus Areas: Technology, life sciences.
- Notable Investments: Shopify, Fitbit, Credit Karma.
- Harpoon Ventures
- Details: Harpoon Ventures is a venture capital firm that invests in early-stage technology companies, often with a focus on defense and national security. They are an existing investor in Semgrep.
- Investment Focus Areas: Technology, defense, national security.
- Notable Investments: Anduril Industries, Shield AI.
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm that invests in seed, early, and growth-stage companies in the technology sector. They are an existing investor in Semgrep.
- Investment Focus Areas: Technology sector.
- Notable Investments: Netflix, Stripe, Twilio.
What's Next for Semgrep?
Semgrep stands at the cusp of significant growth opportunities, driven by its recent $100 million Series D funding. The company plans to expand its AI capabilities, grow its enterprise sales team, and enhance its platform's security features. This expansion is poised to capitalize on the increasing demand for AI-driven security solutions, making Semgrep a key player in the application security market.
Future fundraising opportunities seem promising as the company continues to innovate and attract high-profile investors. The substantial financial backing and strategic expansion plans suggest that additional funding rounds could be on the horizon, further bolstering Semgrep's market position.
However, challenges remain. The competitive landscape in application security, the need to balance rapid development cycles with comprehensive security measures, and the transition from a free, open-source model to a commercial product are hurdles Semgrep must navigate. Despite these challenges, the company's strategic direction and robust financial support position it well for future success.
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