Total amount raised
$193 Millions
Latest funding date
2/1/2025
Location
Semgrep has successfully raised multiple funding rounds, with the latest being a Series D. The platform specializes in application security, offering tools to scan code for bugs, security vulnerabilities, and enforce coding standards.
Keep reading to explore the intricacies of Semgrep's fundraising journey and the investors backing this innovative platform.
What Is Semgrep?
Founded in 2017, Semgrep is an application security platform based in San Francisco, California. The company specializes in scanning code for bugs, security vulnerabilities, and enforcing coding standards.
Semgrep was founded by Drew Dennison, Isaac Evans, and Luke O’Malley. The platform offers a suite of products, including Semgrep Code, Semgrep Supply Chain, Semgrep Secrets, and Semgrep Assistant, aimed at enhancing software security and reliability.
With a team of 51-100 employees, Semgrep continues to innovate in the field of application security, providing top-notch tools to engineers and developers.
How Much Funding Has Semgrep Raised?
- Series A
- Amount Raised: $13M
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and accelerate initial product development.
- Series B
- Amount Raised: $27M
- Date: July 2021
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series C
- Amount Raised: $53M
- Date: April 2023
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Series D
- Amount Raised: $100M
- Date: February 2025
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand AI capabilities and grow the enterprise sales team.
Total amount raised: $193M. Current valuation: Not publicly disclosed.
Key Investors
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that invests in early-stage and growth-stage companies. They led Semgrep's Series D funding round.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Uber, Roku, Warby Parker
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations. They participated in Semgrep's Series B, C, and D rounds.
- Investment Focus Areas: Enterprise, consumer, health
- Notable Investments: Snap, Affirm, MuleSoft
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that invests in early-stage technology companies. They have been involved in multiple funding rounds for Semgrep.
- Investment Focus Areas: Technology, life sciences
- Notable Investments: Shopify, Fitbit, Credit Karma
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm that invests in seed, early, and growth-stage companies. They have been a consistent backer of Semgrep.
- Investment Focus Areas: Technology, consumer internet, enterprise software
- Notable Investments: Netflix, Stripe, Twilio
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in seed, early, and growth-stage companies. They participated in Semgrep's Series D round.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Apple, Google, WhatsApp
What's Next for Semgrep?
Semgrep's future is brimming with opportunities, particularly in expanding its AI capabilities and growing its enterprise sales team. The company aims to transition organizations from reactive to proactive security measures, leveraging AI to enhance its code scanning tools. This shift aligns with industry trends emphasizing the integration of security within development workflows, a move that could significantly broaden Semgrep's market reach.
With $100 million raised in its latest funding round, Semgrep is well-positioned for future growth. The substantial investment suggests potential for additional funding rounds to support ongoing expansion and innovation. However, the company will need to navigate challenges such as maintaining development speed while enhancing security and differentiating itself in a competitive market. Balancing these elements will be crucial as Semgrep continues to evolve and potentially attract further investment or acquisition interest.
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