Why We Raised a $93M Series B (In This Market)

Endor Labs, a rapidly growing company led by repeat entrepreneur Varun, has achieved a 30-fold increase in Annual Recurring Revenue (ARR) over the past 18 months, with a 166% Net Revenue Retention. The company has successfully positioned itself as a leader in application security, protecting over 5 million applications through more than a million weekly scans, and partnering with forward-thinking companies such as Rubrik and People.ai. Despite market volatility, Endor Labs has secured $93 million in a Series B funding round led by DFJ Growth, with participation from Salesforce Ventures, to further its mission of addressing the challenges posed by the scale and complexity of modern software development. This funding will enable the company to expand its engineering team, enhance its comprehensive security dataset, and evolve its platform to support AI-native security workflows. With a focus on long-term impact, Endor Labs is poised to become a foundational force in the software development revolution, driven by its strong product-market fit, strategic partnerships, and the expertise of its team, including PhD-level specialists in program analysis and AI.

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