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Legit Security Raises $30M to Tackle Supply Chain Security

A team of Israeli entrepreneurs with roots in the application security ecosystem is taking a stab at software supply chain security with big backing from Bessemer Venture Partners.

A team of Israeli entrepreneurs with roots in the application security ecosystem is taking a stab at software supply chain security with big backing from Bessemer Venture Partners.

The venerable venture capital firm is leading a $30 million Series A investment in Legit Security, an early-stage startup created by ex-CheckMarx engineers to help secure the development pipelines at the heart of today’s modern software supply chain.

Based in Tel Aviv, Israel, Legit Security is promising technology to protect software supply chains from attack by automating tasks like vulnerability discovery, security policy enforcement, and continuous assurance.

Legit’s funding round signals continued investor interest in the supply chain security space following headline-grabbing hacks that rocked SolarWinds, Kaseya, and CodeCov.  

[ READ: Ex-Googlers Snag $5 Million for Software Supply Chain Security ]

Just recently, a group for ex-Google software engineers raised $5 million in seed funding for Chainguard, an early-stage startup tackling vexing problems associated with software supply chain security.

Legit Security said the new cash infusion will drive expansion of its engineering team and the growth of its go-to-market organization in the United States with offices in Austin, Texas and Palo Alto, California.

Not much is known about the company’s product beyond a promise to “help companies protect their end-to-end software supply chain environment and software releases through automated vulnerability discovery and analysis, security policy enforcement, and continuous assurance.”

Legit Security said its platform can be used to scan software development pipelines for gaps and leaks, development infrastructure and systems within those pipelines, and the people and their security hygiene as they operate within it. 

“The solution doesn’t interfere with existing development tools and workflows, and includes continuous assurance and governance capabilities to monitor adherence to regulatory requirements and compliance frameworks in real-time,” the company said in its funding announcement.

Related: Ex-Googlers Snag $5 Million for Software Supply Chain Security

Related: OpenSSF Alpha-Omega Project Tackles Supply Chain Security

Related: Codecov Bash Uploader Dev Tool Compromised in Supply Chain

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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