Legit Security Raises $40M to Safeguard Software with Advanced Application Security Platform, US

Application security platform startup Legit Security has secured $40 million in funding to further develop its sales, marketing, and research and development initiatives. The company aims to tackle emerging threats related to artificial intelligence and large language models in the development of new applications. Legit Security offers an Application Security Posture Management (ASPM) platform that aids in secure application delivery and protects software supply chains from attacks. By utilizing the platform, users can identify security issues from code to cloud, swiftly address threats, and ensure the integrity of software releases. The Legit Security ASPM platform provides comprehensive visibility and security control over evolving development environments, enabling the prioritization of security issues and the streamlining of vulnerability management. The platform offers numerous benefits, including productivity gains through consolidated vulnerabilities, streamlined risk evaluations, and automated remediation. It also features compliance checking with real-time risk scoring, regular gap analysis, and continuous drift monitoring. Legit Security has experienced significant growth since its establishment in 2021, acquiring Fortune 500 companies as clients, including Google, the New York Stock Exchange, Kraft Heinz, Netskopke, Chipotle Mexican Grill, and Takeda Pharmaceutical. The funding round was led by Charles River Ventures, with participation from existing investors Cyberstarts, Bessemer Venture Partners, and Technology Crossover Ventures. Legit Security’s mission is to enhance application security by bridging the gap between security and development for greater speed, efficiency, and collaboration.