Endor Labs was founded in 2021 and offers a platform that identifies risks in open source code. It also provides a code and software development pipeline governance service. The company recently launched an AI tool, DroidGPT, which assists in open source selection. Despite competition in the open source security management space, Endor Labs has managed to attract customers within its first two quarters of selling. The company expects to achieve profitability in two years.
Key takeaways:
- Endor Labs, a platform for managing and securing open source dependencies, has raised $70 million in a Series A funding round, bringing its total raised to $95 million.
- The company plans to use the funding to expand its workforce and enhance its technical capabilities, as well as broaden its market initiatives.
- Endor Labs was launched to identify and manage risks in open source code, and has since evolved into a code and software development pipeline governance service.
- Despite competition in the open source security management space, Endor Labs has managed to attract customers within its first two quarters of selling and expects to achieve profitability in two years.