Semgrep Announces $100M Series D Financing Led by Menlo Ventures

Gunderson Dettmer represented client Semgrep, a leading Application Security platform, in its $100 million Series D financing led by Menlo Ventures with participation from Felicis Ventures, Harpoon Ventures, Lightspeed Venture Partners, Redpoint Ventures and Sequoia Capital. Semgrep's mission is to profoundly improve software security and reliability by bringing world-class security tools to engineers—software and security alike. The company will use the new capital to hire AI and program analysis talent to extend the company's competitive edge, increase awareness of what its product offers and boost the company’s Go-To-Market team.

In the announcement of the transaction, Semgrep CEO Isaac Evans said, "The era of AI for security is here, and Semgrep is uniquely positioned to help organizations secure their code without sacrificing development velocity. With the Semgrep platform, you can build an Appsec program with cost-effectiveness, security, and development speed."

The Gunderson Dettmer deal team was led by Brad Krack and included Brian Willbur, Brenden Glapion, Bailey McQuain and Madeleine Kerr Hyde.

Companies
Semgrep
Menlo Ventures