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AI - generated code is no doubt changing how computer software is built , but it ’s also introducing Modern security challenge . More than 50 % of organizations meet security measure issues with AI - produced code sometimes or frequently , according to a late 2023survey by developer security measures platform Synk .
ForEndor Labs , that opportunity proved alluring enough that it pick out to vary course more or less . Endor originate off helping companies fix their opened rootage package dependencies — in fact , it evenraised a $ 70 million Series A roundjust two year ago to maturate its developer word of mouth governance service .
But the startup ’s co - founder , Varun Badhwar and Dimitri Stiliadis , saw growing demand elsewhere — spotting and combat vulnerability in the uprise masses of computer code that engineers use AI to beget and fine - air .
Today , Endor runs a platform that , it arrogate , can not only review code and key risk , but also commend “ exact ” fixes and apply them automatically . The troupe offers a spark plug - in for AI - power programing peter like Cursor and GitHub Copilot that scan code as it ’s write and flags issue .
The pivot could prove to be a wise selection . On Wednesday , Endor announced that it closed a $ 93 million Series B round led by DFJ Growth , with participation from Salesforce Ventures , Lightspeed Venture Partners , Coatue , Dell Technologies Capital , Section 32 , and Citi Ventures .
Badhwar ( CEO ) said that the round evaluate Endor at “ orders of magnitude higher ” than itsSeries Avaluation . The proceeds will be used to expand Endor ’s political program , he add together . The Series B brings the startup ’s total capital raised to $ 163 million .
“ This new round positions us to continue birth , even in a problematical macro environment than similar party faced five to 10 class ago , ” Badhwar told TechCrunch . “ We raised now because we ’re seeing strong momentum — 30x one-year recurring revenue development since our Series A in 2023 — and this let us double down on deliver outcomes for our customers . ”
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Several month ago , Endor launch a tool designed to assist organisation spot where AI poser and services mix with their codebase , and evaluate the integrations for surety flaw . The estimation is to provide better oversight as AI programming tools proliferate , articulate Badhwar .
Endor says it now protects more than 5 million applications and runs over a million scans each hebdomad for customers including OpenAI , Rubrik , Peloton , Snowflake , Egnyte , and Dropbox .
“ We came out of stealth in October 2022 — the right way as involvement rates impale — and we ’ve see unattackable traction ever since , ” Badhwar say .
Ramin Sayar , venture pardner at DFJ Growth , say his firm endue because Endor found itself at the correct place , at the right time .
“ As generative AI transforms cod practices , developers are generate huge amounts of code without thorough visibleness and control , ” Sayar told TechCrunch . “ Endor Labs is not only set a new measure in coating security — the team is creating a movement by launching their elaborate platform . ”
Endor presently has 133 employees condense in its offices in Palo Alto and Bangalore .
