About Mend
Mend is a company based in Boston (United States) founded in 2011 by Azi Cohen, Rami Sass, and Ron Rymon.. Mend has raised $121 million across 4 funding rounds from investors including Pitango, M12 and Susquehanna Growth Equity. Mend has completed 1 acquisition, including Atom Security. Mend offers products and services including Mend Renovate, Mend SCA, Mend Container, Mend SAST, and Mend AI. Mend operates in a competitive market with competitors including Tidelift, Sonatype, FOSSA, Socket and Endor Labs, among others.
- Headquarter Boston, United States
- Founders Azi Cohen, Rami Sass, Ron Rymon
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Mend
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$121 M (USD)
in 4 rounds
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Latest Funding Round
$75 M (USD), Series D
Apr 07, 2021
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Investors
Pitango
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Mend
Mend offers a comprehensive portfolio of products and services, including Mend Renovate, Mend SCA, Mend Container, Mend SAST, and Mend AI. 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.
Automates updates to reduce security risks in dependencies
Identifies and remediates risks in open source components
Scans containers for vulnerabilities and prioritizes fixes
Secures proprietary code by detecting vulnerabilities quickly
Manages risks in AI-powered applications effectively
Funding Insights of Mend
Mend has successfully raised a total of $121M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $75 million completed in April 2021. 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 4
- Last Round Series D — $75.0M
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First Round
First Round
(19 Jun 2013)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series D - Mend | Valuation | Pitango | |
| Oct, 2018 | Amount | Series C - Mend | Valuation | Susquehanna Growth Equity | |
| Jun, 2017 | Amount | Series B - Mend | Valuation | 83NORTH |
| 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 Mend
Mend has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Pitango, M12 and Susquehanna Growth Equity. 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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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location | |
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Private equity firm
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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 Mend
Mend has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Atom Security. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cybersecurity startup, offering unique noise reduction solutions and container-level reachability
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2023 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mend
| 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 |
Mend Comparisons
Competitors of Mend
Mend 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 Tidelift, Sonatype, FOSSA, Socket and Endor Labs, 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 |
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| domain | founded_year | HQ Location |
Subscription service for professionalizing open source software is offered.
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| domain | founded_year | HQ Location |
Cloud based application management platform for developers
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| domain | founded_year | HQ Location |
Open source licenses and vulnerabilities are scanned automatically.
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| domain | founded_year | HQ Location |
A platform for JavaScript security solutions is provided.
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| domain | founded_year | HQ Location |
Software supply chain security solutions for application security are provided.
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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 Mend
Frequently Asked Questions about Mend
When was Mend founded?
Mend was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Mend located?
Mend is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Mend?
Rami Sass is the current CEO of Mend. They have also founded this company.
Is Mend a funded company?
Mend is a funded company, having raised a total of $121M across 4 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jun 19, 2013.
What does Mend do?
Mend was founded in 2011 and is headquartered in Boston, United States. Application security solutions are offered by the company, focusing on open source components. Errors in software development are resolved for developers and security teams through these services. Secure software delivery is enabled across organizations in the technology sector, with operations centered on vulnerability management and compliance.
What products or services does Mend offer?
Mend offers Mend Renovate, Mend SCA, Mend Container, Mend SAST, and Mend AI.
How many acquisitions has Mend made?
Mend has made 1 acquisition, including Atom Security.
Who are Mend's investors?
Mend has 7 investors. Key investors include Pitango, M12, Susquehanna Growth Equity, 83NORTH, and David Strohm.
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