Cloud-native application security provider Apiiro this week announced that it has raised $100 million in Series B funding. To date, the company has raised $135 million.
The new funding round was led by General Catalyst, with additional participation from Greylock and Kleiner Perkins.
Apiiro was founded in 2018 in New York, to improve the security of cloud-native applications through full visibility into changes made to code bases, so that issues can be resolved before they are released in production.
The company’s solution covers the entire development process, to tackle security risks from design to code to cloud and improve software supply chain security.
Apiiro will use the new investment to accelerate business and advance its cloud-native application security platform.
“The unrelenting demand for next generation application security solutions has allowed us to deploy our product at-scale with leading Fortune 500 customers. Early innovation enabled us to grow faster and more efficiently than the competition, and we are building the company for hyper growth,” Apiiro co-founder and CEO Idan Plotnik said.
Apiiro’s funding round was announced only weeks after negotiations to be acquired by Palo Alto Networks reportedly broke down.
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Ionut Arghire is an international correspondent for SecurityWeek.
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