Semgrep Races Ahead with Series D Led by Menlo Ventures
Deal News | Feb 05, 2025 | Menlo Ventures
Menlo Ventures has led the Series D funding round for Semgrep, a company at the forefront of revolutionizing code security. In a world where software development is fast-paced and security threats are escalating, Semgrep offers a cutting-edge solution. Their tools enable security at the speed of development, prioritizing accuracy and the developer experience. Semgrep's security products are integrated across development environments, offering fast, efficient scanning with low false positives. Renowned for their AI-assisted tools, Semgrep empowers developers by auto-triaging vulnerabilities. Founded by experts from prestigious backgrounds like NSA and MIT, Semgrep focuses on seamlessly embedding security within the development workflow, thus setting a new standard for modern engineering organizations. Menlo Ventures recognizes the firm’s strong potential as a leader in software security and aims to support its mission. Semgrep now joins other prominent security and AI companies within Menlo’s portfolio, highlighting the firm's strategic investment focus on these critical sectors.
Sectors
- Software Development
- Cybersecurity
- Venture Capital
- Artificial Intelligence
Geography
- United States – Menlo Ventures is based in the U.S., and the article mentions backgrounds from U.S. entities such as the NSA and MIT, indicating a primary focus on the U.S. market.
Industry
- Software Development – This article discusses Semgrep's focus on improving security in the software development process by embedding security checks within the development environment.
- Cybersecurity – Semgrep's products aim to protect applications from increasing cybersecurity threats, marking its strong relevance to the cybersecurity industry.
- Venture Capital – Menlo Ventures' investment in Semgrep highlights this article's relevance to the venture capital industry.
- Artificial Intelligence – Semgrep incorporates AI into its security tools, which is significant within the AI industry.
Financials
- Series D – Menlo Ventures led the Series D funding round for Semgrep.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Semgrep | Target Company | Company | Semgrep is the company leading in code security innovation, focusing on developer-friendly security tools. |
| Menlo Ventures | Bidding Company | Company | A prominent venture capital firm leading the Series D funding round for Semgrep. |
| Isaac Evans | Co-Founder | Person | Co-founder of Semgrep with a background in security expertise. |
| Drew Dennison | Co-Founder | Person | Co-founder of Semgrep bringing in-depth security knowledge to the team. |
| Luke OMalley | Co-Founder | Person | Co-founder of Semgrep with experience in security and engineering. |