California-based, Semgrep, a company that provides code security solutions for engineering-based security programs, raised $53 million by Lightspeed Venture in a Series C round.
The round was backed by previous investors such as Sequoia Capital, Redpoint Ventures, and Felicis Ventures. After this round, the total funds raised to date is $93 million.
Semgrep Raised $53M By Lightspeed Venture
Founder and CEO of Semgrep, Isaac Evans said that the raised funds will be used for product development, expansion ideas, performance marketing, and accelerated growth internationally.
Semgrep is an open-source platform that helps users scan codes for security issues, bugs, and errors. Semgrep is designed for software developers who want to fasten the software development without any security issues.
Moreover, Semgrep offers software engineers custom security policy builders for their apps, so users can make the security process easy according to their needs.