Israeli cybersecurity firm Legit Security announced a significant milestone on Wednesday, revealing the successful completion of a $40 million VC funding round. The round was spearheaded by venture capital fund CRV, showcasing investor confidence in Legit Security’s vision and capabilities.
Established in September 2020, Legit Security has rapidly gained traction within the cybersecurity realm, raising a total of $77 million to date. The latest infusion of funds, constituting an early stage Series B financing, will play a pivotal role in propelling the company’s growth across various domains.
The allocated funds will be directed towards bolstering sales and marketing initiatives, enhancing research and development efforts, and specifically addressing the burgeoning threat posed by artificial intelligence (AI) and large language models (LLMs) in the development of new applications, according to a statement by Legit Security.
Legit Security proudly shared its distinguished customer base, including prominent brands such as Google, the New York Stock Exchange (NYSE), Kraft Heinz, and Takeda Pharmaceuticals. This customer base attests to the company’s reputation and proficiency in safeguarding critical assets and data against cyber threats.
With the infusion of these funds and continued dedication to innovation, Legit Security is well-positioned to advance its mission of providing cutting-edge cybersecurity solutions and further solidify its standing in the dynamic cybersecurity landscape.