Apiiro Funding, Investors & Competitors

Apiiro has raised $135M across 2 funding rounds, most recently a $100M Series B in November 2022.

Last Apiiro funding round

$100M

Series B · Nov 2022

Cumulative funding Apiiro raised

$135M

across 2 funding rounds

Key investors in Apiiro

  • General Catalyst
  • Kleiner Perkins
  • Greylock
  • Ted Schlein
  • Asheem Chandna
  • Saam Motamedi

Apiiro Overview

About Apiiro

Apiiro is a cloud-native application security company that gives security and development teams visibility into code changes across the software development lifecycle, from design through cloud deployment. Its platform for application security posture management analyzes code, APIs, open-source components, and containers to identify and help remediate risk, using deep code analysis and AI agents such as AutoFix. Founded in 2018 with offices in New York and Tel Aviv, the company targets Fortune 500 customers.


Founded

2018

HQ

United StatesUnited States

Website

apiiro.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Apiiro Funding History

Apiiro has raised a total of $135M across 2 funding rounds.

Apiiro's first fundraising round was a $35M Series A in October 2020. The most recent completed round was a $100M Series B in November 2022.

Apiiro funding rounds

Apiiro funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2022Series BGeneral Catalyst (lead); Kleiner Perkins; Greylock$100MApiiro is a cloud-native application security platform that provides full visibility into code changes, enabling security and development teams to proactively fix risks across the software development lifecycle from design to cloud deployment. Founded in 2018 or 2019 with offices in New York and Tel Aviv, the company targets Fortune 500 customers and focuses on ASPM (Application Security Posture Management) solutions. On November 3, 2022, Apiiro raised a $100 million Series B round led by General Catalyst, with participation from Greylock and Kleiner Perkins, bringing total funding to $135 million after a prior $35 million Series A in 2020. The funds are earmarked for accelerating business development, channel sales expansion primarily in the U.S., and scaling operations while maintaining caution amid market conditions. The round followed collapsed acquisition talks with Palo Alto Networks, reportedly over valuation differences, with rumored offers around $550-600 million deemed too low by Apiiro, which aims to build a $10 billion independent company. Apiiro reported a 400% increase in annual recurring revenue for Q3 2022 but did not disclose absolute figures. No valuation, revenue run rate, EBITDA, or multiples were publicly shared in the announcement or contemporaneous coverage. The company had about 90 employees at the time and planned measured workforce growth. Apiiro differentiates by offering an operational platform that integrates security fixes into development workflows, beyond mere code scanning tools, amid evolving cloud-native environments. Investors highlighted the team's execution driving phenomenal growth in a critical security category. Subsequent developments include a landmark $5 million ASPM deal with a Fortune 10 enterprise, underscoring market demand.
Oct 2020Series ATed Schlein; Saam Motamedi; Asheem Chandna$35MApiiro is a cybersecurity startup specializing in application security posture management (ASPM), offering a platform that automates risk remediation, secures the software development lifecycle, and addresses vulnerabilities in code, APIs, open source software, and containers using deep code analysis and AI agents like AutoFix. The company launched on October 13, 2020, raising a $35 million Series A round led by Greylock Partners and Kleiner Perkins, with participation from cyber entrepreneurs including Asheem Chandna, Saam Motamedi (partners at Greylock), Ted Schlein (Kleiner Perkins), Mickey Boodaei, Rakesh Loonkar, Amichai Shulman, and Demisto founders Dan Sarel, Slavik Markovich, and Guy Rinat. This funding aimed to disrupt the DevSecOps market by weeding out risky code and providing contextual risk management beyond traditional developer tools. The company maintained R&D in Israel with sales teams in the US, London, and Montreal. Later in 2022, a potential acquisition by Palo Alto Networks valued at $500-600 million fell through, leading to a $100M Series B at a similar valuation led by General Catalyst with Greylock and Kleiner Perkins participation. Post-Series A, Apiiro expanded its platform with innovations like Software Graph Visualization and partnerships such as with Akamai and Secure Code Warrior. Growth accelerated later, achieving 400% ARR growth amid economic challenges around the Series B, 275% growth in 2024, and 104% in 2025 driven by Fortune 500 adoption of agentic AppSec. Apiiro ranked #1 in ASPM by Gartner, IDC, and Frost & Sullivan, and bolstered leadership with hires like Chief Revenue Officer Jarrod Bogue and advisor Thomas Dohmke, former GitHub CEO.

Who has invested in Apiiro?

6 investors have backed Apiiro across its funding rounds, including General Catalyst, Kleiner Perkins, Greylock, Ted Schlein, Asheem Chandna and Saam Motamedi.

Lead investors include General Catalyst.


Apiiro Investors

Investors in Apiiro by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA1LeadNov 2022
Kleiner PerkinsUnited StatesSan Francisco, CA1ParticipantNov 2022
Ted SchleinUnited StatesSan Francisco, CA1ParticipantOct 2020
Saam MotamediUnited StatesSan Francisco, CA1ParticipantOct 2020

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Apiiro Competitors

Apiiro competitors include listed companies like Cloudflare, Palo Alto Networks, CrowdStrike and IBM, and private ones like Safe Superintelligence and Cyera.

Public and private companies comparable to Apiiro
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CloudflareUnited StatesUnited StatesPublicly listed$2.2B($25M)$119B44.3x
Palo Alto NetworksUnited StatesUnited StatesPublicly listed$11B$1B$307B25.9x
CrowdStrikeUnited StatesUnited StatesPublicly listed$4.8B($12M)$252B44.5x
IBMUnited StatesUnited StatesPublicly listed$68B$17B$224B4.0x
Safe SuperintelligenceUnited StatesSan Francisco, CAPrivate--$32B-
CyeraUnited StatesNew York City, NYPrivate$150M-$12B80.0x

Apiiro Public Comps

Apiiro is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Snowflake, Cloudflare, Okta, Zscaler, MongoDB and F5.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Okta$2.9B$245M10.6x10.0x126.4x36.4x
Zscaler$3.4B$42M9.1x8.9x721.8x32.5x

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Common questions about Apiiro

When was Apiiro founded?Apiiro was founded in 2018.
Where is Apiiro headquartered?Apiiro is headquartered in United States.
Is Apiiro publicly listed?No, Apiiro is a private, VC-backed company.
How much funding has Apiiro raised?Apiiro has raised $135M across 2 funding rounds.
What was Apiiro's last funding round?Apiiro's last funding round was a $100M Series B in November 2022, led by General Catalyst.
Who are Apiiro's investors?Apiiro's investors include General Catalyst, Kleiner Perkins, Ted Schlein, Saam Motamedi, Asheem Chandna and Greylock.
Which companies are comparable to Apiiro?Companies comparable to Apiiro include Cloudflare, Palo Alto Networks, CrowdStrike, IBM, Safe Superintelligence and Cyera.

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