DevSecOps and risk management solutions provider apiiro on Tuesday emerged from stealth mode with $35 million in funding.
Founded in 2019, the Israeli startup aims to help organizations accelerate application and infrastructure delivery through automating risk assessment and applying a ‘developers-first’ approach. The company aims to integrate security into design and development, to “reinvent secure development lifecycle.”
apiiro’s Code Risk Platform is already in use by two major U.S. banks and large enterprises in sectors such as healthcare, gaming, and software development.
The company offers a unified platform that aims to eliminate the friction between delivery and product security and compliance, while also bridging the gap between developers and security and compliance teams.
By automatically addressing product risk in changes made during development, before being shipped into production, apiiro seeks to accelerate delivery and lower spending. Its platform aims to automate “visibility, compliance assurance and risk remediation,” the company says.
The $35 million funding round announced today saw participation from Ted Schlein, general partner at Kleiner Parkins, and Saam Motamedi and Asheem Chandna, general partners at Greylock.
“apiiro was created to address enterprises board level discussions around the DevSecOps and risk management, and enable key application and infrastructure stakeholders to accelerate time-to-market by prioritizing and remediating only material risky changes — all in one platform,” co-founder and CEO Idan Plotnik said.
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