The latest funding round saw contributions from well-established investors such as Felicis Ventures, Harpoon Ventures, Lightspeed Venture Partners, Redpoint Ventures, and Sequoia Capital.
Since announcing its Series C funding in April 2023, Semgrep has enhanced its Application Security Platform to incorporate features like Static Application Security Testing (SAST), Software Composition Analysis (SCA), and Secrets detection.
The platform is now utilized by a wide range of clients, including notable companies like Snowflake and Dropbox.
As part of its expansion strategy, Semgrep has appointed Garrett Souza, who previously served as Senior Vice President for the Americas at data integration firm Matillion and held leadership roles in enterprise sales at security provider Snyk, to the position of Vice President of Sales.
Additionally, Mark McLaughlin, the former CEO of cybersecurity giant Palo Alto Networks, has joined the company as an angel investor and advisor.
Semgrep intends to leverage the new funding to recruit specialists in artificial intelligence and program analysis.
Moreover, the company plans to strengthen its go-to-market team by bringing on experienced professionals from leading technology companies such as HashiCorp, Elasticsearch, and Snyk, capitalizing on its unique position at the crossroads of open-source software and security.
