Fortifying Cyber Defense: Legit Security Secures $40 Million in Series B Funding

Legit Security, an application security posture management firm based in Tel Aviv, Israel, has successfully completed a Series B funding round, raising $40 million. This latest investment brings the total amount raised by the company to an impressive $77 million. The funding round was led by CRV, with additional financing provided by Cyberstarts, Bessemer Venture Partners, and TCV.

Founded in 2020, Legit Security offers a platform that focuses on continuous analysis and correlation to identify and address code vulnerabilities throughout the software development process, from coding to cloud deployment. The company’s solution aggregates vulnerabilities from various sources and integrates with existing security tools, providing organizations with real-time visibility and security control in a single dashboard. This allows organizations to better manage risks and enhance productivity.

Legit Security caters to a wide range of industries, including banking, cybersecurity, consumer products, insurance, and others. The company’s platform has already gained traction and serves prominent brands within these sectors.

### Expanding Operations and Combating the Threats

With the new funding, Legit Security plans to expand its sales, marketing, and research and development teams. Additionally, the company will allocate resources to combat the increasing threat posed by artificial intelligence (AI) and large language models (LLMs) to application development.

Legit Security CEO and co-founder Roni Fuchs expressed the company’s mission to secure the world’s software with a platform that addresses application security comprehensively. The additional investment will allow Legit Security to further enhance its capabilities and extend visibility, security, and governance to AI-generated code and embedded LLMs in applications.

## The Growing Importance of Cybersecurity Funding

The successful funding round for Legit Security highlights the increasing importance of cybersecurity funding in today’s digital landscape. As organizations continue to rely on software for various operations, it becomes crucial to protect the software supply chain from potential attacks and vulnerabilities.

Investing in cybersecurity solutions, like the ones offered by Legit Security, helps organizations strengthen their defenses and mitigate potential risks. Continuous analysis, correlation, and real-time visibility provide crucial insights into vulnerabilities and allow for timely remediation. By integrating with existing security tools, these solutions provide a comprehensive approach to application security, ensuring that organizations stay one step ahead of cyber threats.

### The Impact of AI and LLMs on Application Development

The specific focus of Legit Security‘s investment in combating the threats posed by AI and LLMs demonstrates a forward-thinking approach to cybersecurity. As AI technologies continue to advance, they introduce new challenges and risks. While AI and LLMs have the potential to improve productivity and enhance software development, they also bring new security vulnerabilities.

By investing in research and development in this area, Legit Security aims to stay ahead of potential threats and adapt its platform to address these emerging challenges. This proactive approach ensures that organizations can continue to leverage AI technologies while maintaining robust security measures.

## Editorial: The Importance of Cybersecurity Investment

The successful Series B funding round for Legit Security is a positive sign for the cybersecurity industry. It demonstrates that investors recognize the critical role that cybersecurity plays in safeguarding organizations’ digital assets. In an increasingly interconnected world, where cyber threats are constantly evolving, investing in innovative cybersecurity solutions is essential.

To ensure a secure digital future, organizations must prioritize cybersecurity funding and allocate resources to stay up-to-date with the latest developments. By investing in comprehensive solutions that address vulnerabilities throughout the software development lifecycle, organizations can protect their systems from potential attacks, safeguard customer data, and maintain trust.

The risk posed by AI and LLMs is a prime example of the ever-changing nature of cyber threats. As technology progresses, new vulnerabilities arise, and organizations must adapt their security measures accordingly. The investment by Legit Security in combating these threats demonstrates the need for proactive research and development to tackle emerging risks head-on.

## Advice: Prioritizing Cybersecurity in the Digital Age

Given the increasing frequency and sophistication of cyber attacks, it is crucial for organizations to prioritize cybersecurity. Investing in cybersecurity solutions, such as Legit Security‘s platform, can provide organizations with the necessary tools to protect their software supply chain and mitigate potential risks.

Organizations should consider the following steps to enhance their cybersecurity posture:

### 1. Allocate Sufficient Resources

Ensure that adequate financial and human resources are dedicated to cybersecurity. This includes investing in robust cybersecurity solutions, training employees, and maintaining an up-to-date understanding of emerging threats.

### 2. Adopt a Comprehensive Approach

Implement a comprehensive cybersecurity strategy that covers all aspects of the software development lifecycle. This includes incorporating security measures from the coding stage to cloud deployment and beyond.

### 3. Stay Informed

Regularly review and update cybersecurity protocols to align with the evolving threat landscape. Stay informed about emerging technologies, such as AI and LLMs, and invest in research and development to address potential vulnerabilities.

### 4. Foster Collaboration

Engage in partnerships and collaborations with cybersecurity experts and organizations to leverage collective knowledge and stay abreast of new developments in the field.

### 5. Educate Employees

Promote a culture of cybersecurity awareness within the organization. Train employees on best practices for data protection, recognizing phishing attempts, and maintaining secure digital habits.

By prioritizing cybersecurity and adopting a proactive approach, organizations can mitigate risks, protect their systems from potential attacks, and maintain the trust of their stakeholders in an increasingly interconnected world.