Endor Labs Raises $93M Series B to Secure the AI Code Revolution

New funding supports scaling secure software development—from open source to AI—while boosting developer velocity and raising the bar on customer experience

PALO ALTO, Calif., April 23, 2025 /PRNewswire/ -- Endor Labs, the fastest-growing company in application security, today announced its oversubscribed $93 million Series B funding round led by DFJ Growth, with participation from Salesforce Ventures and existing backers including Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32, and Citi Ventures.

Endor Labs has achieved 30x Annual Recurring Revenue (ARR) growth and 166% Net Revenue Retention (NRR) since its Series A just 18 months ago. The platform now protects more than 5 million applications and runs over 1 million scans each week for customers including OpenAI, Rubrik, People.ai, Observe.ai, Mysten Labs, and several global financial institutions.

"Developers' increasing reliance on AI-generated code further complicates the challenge for security teams," said Ramin Sayar, Venture Partner, DFJ Growth. "Endor Labs embraces this shift with their unparalleled expertise in rethinking security from the ground up – and outing risky AI-generated code and uniquely optimizing remediation strategies."

Today's Series B funding round will support the expansion of the Endor Labs' AppSec platform that uses this context to power a new generation of AI agents that operate inside the software development lifecycle—not just alerting, but acting. The company today also announced its major expansion of its AppSec platform—purpose-built for the era of AI-generated code and "vibe coding." Powered by agentic AI and the industry's richest security dataset, the platform doesn't just identify risks—it prioritizes them, proposes remediations, and can apply fixes automatically. The result: entire classes of threats are neutralized before they ever reach production. You can read more about it here.

"We are building for the scale required to secure this AI era and not letting intermediate market volatility diverge us from our big goals. Our marquee customers need an application security platform that supports the pace of development they are confronting with AI. It is an honor to be that platform, to do a raise proactively, at a time like this, and to get to work with such quality investors, who share our commitment to excellence and innovation," said Varun Badhwar, co-founder and CEO of Endor Labs.

The funding is a testament to Endor Labs' unique market position. It is built for a world where software is being written faster—and with less oversight—than ever before. With 62% of AI-generated solutions containing bugs or security vulnerabilities, and nearly 30% including critical weaknesses, traditional tools simply can't keep up. Endor Labs addresses this head-on with a unique combination of deep technical analysis and intelligent automation.

For more information about the expanded AI platform, please visit: http://www.endorlabs.com/learn/meet-the-appsec-platform-built-for-the-ai-era

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About Endor Labs
Endor Labs is building the application security platform for the software development revolution. From open source to AI-generated code, it helps teams identify, prioritize, and fix the vulnerabilities that actually matter—faster. With deep program analysis, automated remediation, and unmatched dataset coverage, Endor Labs empowers modern engineering and security teams to move fast without compromise.

Founded by Varun Badhwar and Dimitri Stiliadis, Endor Labs is backed by leading VCs including DFJ Growth, Lightspeed Venture Partners, Coatue, and Dell Technologies Capital.

About DFJ Growth

DFJ Growth is a prominent investor in emerging technology leaders during their scaling phase of development. Founded in 2005, DFJ Growth partners with extraordinary, mission-driven entrepreneurs disrupting the status quo with game-changing innovations that become iconic companies. Our investments include Anaplan (NYSE: PLAN), Anduril, Box (NYSE: BOX), Cellares, Coinbase (NASDAQ: COIN), Commonwealth Fusion Systems, Neuralink, Patreon, Ring (Amazon), ScaleAI, SolarCity (Tesla), SpaceX, Stripe, Tesla (NASDAQ: TSLA), Twitter, Unity (NYSE: U), and xAI. DFJ Growth is a fearless investor and steadfast partner to founders who imagine the future and execute on their bold visions to define it.

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SOURCE Endor Labs