# Apiiro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apiiro

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.apiiro.com
- Total disclosed funding: $135M
- Latest round: Series B (Nov 3, 2022)
- Investors on record: 3

## About

Apiiro Ltd. is a cybersecurity firm specializing in application security through its innovative Agentic Application Security Platform, enhancing security during the software development lifecycle (SDLC).Founded in 2019, Apiiro Ltd. is based in Tel Aviv, Israel and focuses on providing solutions for application security. The company was co-founded by Idan Plotnik and Yonatan Eldar. It raised USD 100 mn in Series B funding on November 3, 2022, led by General Catalyst Partners, with participation from Greylock Partners and Kleiner Perkins, bringing its total raised amount to USD 100 mn. The company has completed two deals to date.Apiiro offers a comprehensive Agentic Application Security Platform designed to enhance application security throughout the software development lifecycle (SDLC). Its core offerings include automated risk detection, contextualized threat modeling, and a unified risk management approach that integrates with various security tools and development processes. The platform employs patented Deep Code Analysis (DCA) to provide real-time insights, enabling teams to identify and address vulnerabilities before code is deployed. Apiiro serves a diverse client base, including leading enterprises in sectors such as finance, technology, and healthcare, facilitating secure software delivery by optimizing AppSec tools and processes. The platform is marketed globally, with notable uptake in North America, Europe, and Asia-Pacific regions, reflecting its scalability and adaptability across different regulatory environments.Apiiro generates revenue primarily through subscription-based models, where clients pay for access to its application security platform and associated services. These transactions often involve annual or multi-year agreements structured around varying tiers of service that correspond to the client's size and specific security needs. The company’s offerings may include flagship products like its Risk Graph and extended software bill of materials (XBOM), all designed to provide comprehensive visibility and risk assessment capabilities. Apiiro engages primarily with organizations seeking to enhance their security posture in a B2B context, positioning its services as essential for enterprises focused on mitigating application risks and complying with regulatory standards. The pricing plans reflect the tailored nature of the services, aligning costs with the unique demands of each client’s operational scale and security requirements.In November 2022, Apiiro Ltd. raised USD 100 mn in Series B funding, led by General Catalyst Partners, with the funds allocated to empower developers and application security engineers while accelerating its business growth. The company is focused on expanding its product offerings, although specific new products and release dates have not been disclosed. Apiiro aims to broaden its reach into new markets, particularly in Europe and Asia-Pacific, within the next few years.

## Funding rounds

- Series B, Nov 3, 2022, $100M — Kleiner Perkins, General Catalyst Partners, Greylock Partners
- Series A, Oct 13, 2020, $35M — Kleiner Perkins, Greylock Partners

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A, Series B
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B