GitGuardian has successfully raised $44 million in a Series B funding round led by Eurazeo and Sapphire, with participation from existing investors, bringing their total investment to $56 million. The company has seen substantial growth since its last funding round, launching its second product, GitGuardian Internal Monitoring, which now accounts for nearly half of their revenue. GitGuardian boasts a 140% Net Dollar Retention rate and has quadrupled its recurring revenue over the past two years. It is recognized as the leading code security application on GitHub, with significant installations compared to its competitors. The company aims to address evolving security challenges with a flexible rules engine and a large developer community while focusing on enterprise customers. GitGuardian is expanding its team and plans to fill 100 positions in 2022 to continue building its innovative security solutions. Investors express confidence in GitGuardian's potential to lead the code security market, highlighting its rapid growth and strong adoption among developers and enterprises worldwide.