Semgrep, a provider of an AI-powered application security scanning platform, raised $100 million in Series D funding.
Menlo Ventures led the investment round participation from existing investors, including Felicis Ventures, Harpoon Ventures, Lightspeed Venture Partners, Redpoint Ventures, and Sequoia Capital.
The Series D round brings the company’s total funding to date to $204 million.
With fresh funds, Semgrep intends to further scale up its AppSec Platform enabling developers and security engineers to establish Secure Guardrails, transitioning from traditional risk management to proactive security engineering. Semgrep is building the world’s best autonomous code security platform in three key ways:
- Delivering market-leading signal-to-noise ratio and prioritization;
- Product choices that keep developer productivity high and perception of security positive; and
- Enabling an effective AppSec program at an affordable price.
Strategic Expansion and Leadership
Since the company’s Series C announcement in April 2023, Semgrep has built a technology advantage in its Appsec Platform which is now a Static Application Security Testing (SAST), Software Composition Analysis (SCA), and Secrets product suite for hundreds of customers.
Semgrep will also use a portion of funds for hiring AI and program analysis talent to extend the company’s competitive edge.
“The era of AI for security is here, and Semgrep is uniquely positioned to help organizations secure their code without sacrificing development velocity,” said Isaac Evans, CEO at Semgrep. “With the Semgrep platform, you can build an Appsec program with cost-effectiveness, security, and development speed.”