There is no doubt in the AI-based code of how the software is created, but it is also introducing new security challenges. At the end of 2023, more than 50% of organizations face safety issues sometimes or often with AI-made codes. Survey by Developer Security Forum Sinak,
For Ander labsThat occasion enough proved that it chose to change the syllabus to some extent. Endor began helping companies secure dependence on its open source package – in fact, it also increased a $ 70 million series two years ago to develop its developer pipeline governance service.
But the startup co-founder, Varun Badhwar and Dimitri Stiliadis looked at the growing demand elsewhere-to combat and combat weaknesses in the growing mass of the codes who use AI and fin-tune.
Today, Endor runs a platform, which claims, not only the code can review and can identify risks, but also recommend “accurate” fix and apply them automatically. The company offers a plug-in for AI-operated programming tools such as Cursor and Githib Copilot that scans the code as it is written and flag issues.
Axis can prove to be an intelligent option. On Wednesday, Endor announced that it closed the $ 93 million series B round under the leadership of DFJ Growth, with salesforce ventures, lights venture partners, Cutu, Dell Technologies Capital, section 32 and City Ventures.
Badhwar (CEO) stated that goal values end up on “order of higher magnitude” compared to their series A valuation. He said that income would be used to expand the endore platform. The series B increases the total capital of the startup by $ 163 million.
“This new round is to continue to deliver us in a hard macro environment compared to similar companies facing five to 10 years ago,” Bergwar told Techcrunch. “Now we have picked up because we are seeing strong pace since our series A in 2023 – 30X annual recurring revenue growth – and it doubles us to give results to our customers.”
Several months ago, Andore launched a device designed to help organizations, where AI models and services integrate with their codebase, and evaluate integration for security defects. Poorvar said that this idea is to provide better oversight as an AI programming tool.
Endor says it now protects more than 5 million applications and runs more than one million scans each week for customers, including OpenIA, Rubric, Peloton, Snowflake, Agnite and Dropbox.
“We came out secretly in October 2022 – correct as interest rates – and we have since seen strong traction,” said the Badwar.
DFJ Growth venture partner Ramin Sire said his firm invested as Endor found himself at the right place at the right time.
“As AI changes coding practices, developers are generating large amounts of codes without full visibility and control,” Jackal explained Techcrunch. “Endor Labs is setting a new standard not only in the application security – the team is creating a movement by launching its expanded platform.”
Endor currently focused 133 employees in his offices in Palo Alto and Bangalore.
