Cybersecurity firm Legit Security clinches $40m in Series B raise


Legit Security, a cutting-edge cybersecurity enterprise, has celebrated a milestone by securing a substantial investment of $40m. 

The company managed to close a $40m venture capital investment round, with CRV at the helm. Notably, existing investors such as Cyberstarts, Bessemer Venture Partners, and TCV also made their mark by participating in the round.

Centred around its pioneering Application Security Posture Management (ASPM) platform, Legit Security facilitates secure application delivery spanning from code to cloud. This platform not only offers continuous risk mitigation throughout the application journey but also boasts an all-encompassing security control plane that pools vulnerabilities from multiple sources. The aim? To streamline developer coordination, improve remediation, and create a more streamlined, efficient, and productive application security process.

With the fresh influx of capital, Legit Security has its eyes set on broadening its Sales, Marketing, and R&D wings. Moreover, a significant portion will be channelled to confront the emerging risks linked with Artificial Intelligence and Large Language Models (LLMs) in the realm of new application creation.

Gartner, a renowned entity, foresees that come 2026, over 40% of organisations crafting bespoke applications will warmly welcome ASPM. Gartner’s endorsement doesn’t stop there; they’ve also positioned ASPM as a pivotal technology capable of bringing about a sea change in application security dynamics. On the customer front, Legit Security boasts an impressive roster, featuring the likes of Google, NYSE, Kraft Heinz, and Takeda Pharmaceuticals, to name a few.

CRV General Partner James Green expressed his admiration, saying, “We were highly impressed with the Legit Security team and amazed by the breadth and depth of their Fortune 500 customers in such a short time.”

He added optimistically, “We fully expect the Application Security Posture Management (ASPM) category to forever change the established Application Security market. What Wiz did for Cloud Security Posture Management, we think Legit can do for ASPM. We couldn’t be happier to invest in the best company in the space to disrupt that market.”

Cyberstarts Founder Gili Raanan voiced similar sentiments, “Cyberstarts is excited to continue backing the talented, hard-working team at Legit Security as they continue to lead a significant and rapidly growing category called Application Security Posture Management.”

Roni Fuchs, co-founder and CEO of Legit Security, reflected on their journey, “We founded Legit Security with the mission to secure the world’s software with a platform that continuously manages application security from code to cloud.”

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