Legit Security, a cybersecurity company developing a platform to identify app vulnerabilities from code, has raised $40 million in a Series B funding round led by CRV with participation from Cyberstarts, Bessemer Venture Partners and TCV. Co-founder and CEO Roni Fuchs says that the funds, which bring Legit’s total raised to $77 million, will be […],
Legit Security Raises $40 Million in Series B Funding Round
Legit Security, a leading cybersecurity company focused on identifying app vulnerabilities from code, has successfully raised $40 million in a recent Series B funding round. The funding was led by CRV and saw participation from Cyberstarts, Bessemer Venture Partners, and TCV. With this new investment, Legit Security’s total raised amount reaches an impressive $77 million.
Advancing Cybersecurity with Cutting-Edge Platform
Legit Security is renowned for its innovative platform that helps to identify app vulnerabilities by analyzing code. This technology has proven to be instrumental in enhancing cybersecurity measures across various industries. The company’s co-founder and CEO, Roni Fuchs, expressed excitement about the recent funding and highlighted the potential impact it will have on further development.
Optimizing App Security Measures
With the additional financial backing, Legit Security aims to optimize its platform and make it even more effective in identifying and resolving app vulnerabilities. By enhancing these security measures, the company will continue to protect businesses and individuals from potential cyber threats. This investment provides an opportunity for Legit Security to further solidify its position as a leader in the cybersecurity industry.
Continued Growth and Innovation
The successful funding round not only demonstrates investor confidence in Legit Security but also paves the way for continued growth and innovation in the field of cybersecurity. The company plans to use these funds to expand its team and invest in research and development, ensuring the continuous improvement of its platform. As Legit Security continues to push the boundaries of app security, businesses and individuals can have greater peace of mind when it comes to protecting sensitive information.
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