Apiiro

Apiiro provides tools for developers to address security issues in the code base and delivers workflows to proactively fix those risks that can be exploited by attackers before releasing them to the cloud. The company’s cloud application security platform provides application security, software supply chain security, and cloud security. It delivers complete visibility into the code base by assessing risks as the application moves through the design, code, and the cloud and identifies abnormal behavior. The company’s Risk Graph technology connects hidden risk factors across code, configurations, open source packages, and cloud infrastructure with actionable context to fix actual risks.

Apiiro's engine connects to CI/CD tools such as Slack, Microsoft Teams, Jira, and GitHub via read-only APIs, performs continuous risk assessment, identifies critical risks using a context-based risk graph, and automatically remediates risks proactively. Apiiro’s products automate risk assessment questionnaires and threat models along with additional analysis based on internet exposure, business impact, and developer behavior. The company also offers an AI-driven analysis engine to automatically and continuously identify and remediate API risks such as PII exposure or missing authorization early in the software development life cycle and identify, validate, and remediate risks around any types of secrets including random entropy, patterned crypto keys, and user passwords across the software supply chain from source code to runtime.

Apiiro operated in both the US and Israel as of November 2022.

Key customers and partnerships

The company serves Fortune 500 companies and notable customers such as Morgan Stanley, Sophos, Colgate, Rakuten, Chegg, and UKG.

Funding and Financials

In November 2022, the company raised USD 100 million in a Series B funding round co-led by General Catalyst. The funds were utilized to enhance its Risk Graph solution with additional code components and data points, expand to more developer and programming languages, accelerate business operations, double its employee headcount of 90 in 2023, achieve a USD 10 billion valuation by 2024, and invest in sales, marketing, and engineering.

Apiiro reported a 400% year-over-year growth in annual recurring revenue (ARR) in Q3 2022.