With the help of Bessemer Venture Partners, a group of Israeli entrepreneurs with roots in the application security ecosystem is attempting to secure the software supply chain.
Legit Security, an early-stage startup founded by ex-CheckMarx developers to help safeguard the development pipelines at the heart of today’s contemporary software supply chain, has received a $30 million Series A investment from the famous venture capital firm.
Legit Security, based in Tel Aviv, Israel, is a promising solution that automates processes like vulnerability identification, security policy enforcement, and continuous assurance to safeguard software supply chains from assault.
Following the high-profile intrusions of SolarWinds, Kaseya, and CodeCov, Legit’s fundraising round indicates sustained investor interest in supply chain security.
Chainguard, an early-stage firm tackling difficult problems related with software supply chain security, recently received $5 million in seed funding from a group of ex-Google software engineers.
The additional funding will help Legit Security expand its engineering staff and expand its go-to-market organisation in the United States, where it has offices in Austin, Texas, and Palo Alto, California.
Aside from a pledge to “assist enterprises defend their end-to-end software supply chain environment and software releases through automated vulnerability finding and analysis, security policy enforcement, and continuous assurance,” little is known about the company’s product.
Legit Security claims that its platform can be used to scan software development pipelines for holes and breaches, as well as the development infrastructure and systems within those pipelines, as well as the people that work within them and their security hygiene.
“The solution doesn’t interfere with existing development tools and workflows, and it offers continuous assurance and governance capabilities to monitor adherence to regulatory requirements and compliance frameworks in real time,” according to the company’s fundraising release.