About Legit Security
Legit Security is a company based in Albuquerque (United States) founded in 2020 by Roni Fuchs and Lior Barak.. Legit Security has raised $70 million across 2 funding rounds from investors including Bessemer Venture Partners, CRV and Cyberstarts. Legit Security offers products and services including ASPM Platform, Secrets Detection, and Continuous Compliance. Legit Security operates in a competitive market with competitors including GitGuardian, Ox Security, Boost Security, SCRIBE and Bearer, among others.
- Headquarter Albuquerque, United States
- Founders Roni Fuchs, Lior Barak
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Legit It
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$70 M (USD)
in 2 rounds
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Latest Funding Round
$40 M (USD), Series B
Sep 20, 2023
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Investors
Bessemer Venture Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of Legit Security
Legit Security offers a comprehensive portfolio of products and services, including ASPM Platform, Secrets Detection, and Continuous Compliance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages application security risks from code to cloud.
Detects and prevents secrets leakage in development.
Ensures ongoing compliance and SBOM management.
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Funding Insights of Legit Security
Legit Security has successfully raised a total of $70M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $40.0M
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First Round
First Round
(10 Feb 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series B - Legit Security | Valuation | CRV | |
| Feb, 2022 | Amount | Series A - Legit Security | Valuation | Bessemer Venture Partners , TCV |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Legit Security
Legit Security has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, CRV and Cyberstarts. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to tech startups by Cyberstarts.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Legit Security
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Legit Security
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Legit Security Comparisons
Competitors of Legit Security
Legit Security operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GitGuardian, Ox Security, Boost Security, SCRIBE and Bearer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based security solutions for source code are offered.
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| domain | founded_year | HQ Location |
Offering endpoint security solution via vulnerability assessment
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| domain | founded_year | HQ Location |
Platform offering devops security software
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| domain | founded_year | HQ Location |
Cloud-based code security solutions are offered by SCRIBE.
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| domain | founded_year | HQ Location |
Cloud data security solutions are offered for developer workflows.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Legit Security
Frequently Asked Questions about Legit Security
When was Legit Security founded?
Legit Security was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Legit Security located?
Legit Security is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
Who is the current CEO of Legit Security?
Roni Fuchs is the current CEO of Legit Security. They have also founded this company.
Is Legit Security a funded company?
Legit Security is a funded company, having raised a total of $70M across 2 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Feb 10, 2022.
What does Legit Security do?
Legit Security was founded in 2020 and is headquartered in Albuquerque, United States. A cloud-based cybersecurity platform is operated, focusing on application security within the technology sector. Automated discovery and analysis capabilities are integrated with security policies to maintain secure code development environments. Assurance is ensured that applications are deployed without vulnerabilities, supporting organizations in managing software supply chain risks across various operations.
Who are the top competitors of Legit Security?
Legit Security's top competitors include Ox Security, SCRIBE and GitGuardian.
What products or services does Legit Security offer?
Legit Security offers ASPM Platform, Secrets Detection, and Continuous Compliance.
Who are Legit Security's investors?
Legit Security has 4 investors. Key investors include Bessemer Venture Partners, CRV, Cyberstarts, and TCV.
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