Endor Labs Launches with $25M Seed Financing to Tackle Massive Sprawl of Open Source Software (OSS)
Endor Labs officially came out of stealth today, launching the company with a Dependency Lifecycle Management Platform that helps development and security teams maximize software reuse by safely evaluating, maintaining, and updating dependencies.
The average enterprise has more than 40,000 open source dependencies directly downloaded by developers. Each of those dependencies can bring in on average 77 other (transitive) dependencies creating a massive, uncontrollable sprawl that slows down development and increases the attack surface across multiple dimensions.
The existing environment doesn't have adequate solutions to deal with this problem. For example, Software Composition Analysis (SCA) tools lack context on how developers are using the dependencies. As a result, they drown developers with endless false positives, and miss the ability to influence better OSS selection, prioritize remediation or detect malicious dependencies.
"Eighty percent of the code in modern applications is code your developers didn't write but depend on through open source packages. When our founding team was leading the Prisma Cloud engineering group at Palo Alto Networks, we realized the true magnitude of this issue," said co-founder and CEO Varun Badhwar. "Having previously created the Cloud Security Posture Management (CSPM) category, this team knows how to take on next generation threats. Our mission now is to enable OSS to live up to its true potential without introducing unnecessary risk. It's exciting to once again take a new approach to the market, and we believe these solutions will radically enhance application development everywhere."
Endor Labs' platform provides security and development teams with an unprecedented understanding of how dependencies are being used across their organization. Furthermore, by performing deep analytics on each OSS dependency, Endor Labs uncovers potential security and operational risks beyond just known vulnerabilities. Endor Labs helps customers select better dependencies; secure, monitor and maintain them at scale; and quickly respond to incidents like Log4j. Having a full understanding of their dependency graph also lets customers generate and analyze accurate SBOMs and have a single source of truth for their entire software inventory.
This lifecycle approach to dependency management means it becomes easier than ever to reuse software across the org. The result is increased productivity for development and security teams, and significantly reduced supply chain risk.
"Dependency Lifecycle Management is going to be absolutely foundational for supply chain and open source security," said Rachit Lohani, SVP and chief technology officer of Paylocity. "With Dependency Lifecycle Management, Endor Labs is setting an entirely new standard by which organizations can prioritize and zero in on the most significant security and operational issues that have the tendency to slow down application development."
The company also announced today that it has raised $25 million in seed financing from Lightspeed Venture Partners, Dell Technologies Capital, and Sierra Ventures, and several industry luminaries who have recognized the massive problem Endor Labs is solving. These include CEOs and executives from Palo Alto Networks, Zoom, Snowflake, Zscaler, Netskope, Rubrik, Databricks, Microsoft, and more.
"Endor Labs serves a critical need - while open source software development continues to grow, the way OSS dependencies and their influence on supply chain risk is managed today hinders development, and leaves both engineering and security teams frustrated," said Arif Janmohamed, Partner at Lightspeed Venture Partners. "They have carved out a market that is both massive and underserved, and have assembled a world-class team to take on this challenge. These are exactly the qualities we seek to add to our portfolio, and we look forward to a long and productive relationship with Endor Labs."
"This team has a proven track record of being early to identify industry-wide cyber challenges that accompany fundamental big shifts in enterprise technologies," said Deepak Jeevankumar, managing director at Dell Technologies Capital. "Just as the F500 began migrating to the cloud en masse, Varun co-founded RedLock to build cloud-specific security solutions for them. Now, as the efficiencies of open source software give way to hard to track/manage complexities, Endor Labs is building the platform to secure the code those same businesses depend on. We're honored with the opportunity to again back Varun along with Dimitri and the team they've built."
A stellar founding team at Endor Labs includes proven builders of businesses with products and technologies that disrupt, from industry leaders like Meta, Uber, Sonatype, Palo Alto Networks, Amazon, Microsoft, and more, with emphasis on security and development. The team includes:
"Software development organizations are struggling with software dependencies, a major threat vector preventing the development and maintenance of secure software, particularly with today's need for application velocity," said James Governor, co-founder of RedMonk. "Automated tools are needed to enable teams to work effectively. Endor Labs is designed to automate governance and improve visibility in an era of industrialized software reuse."
Over the last year, over 75 major organizations have provided feedback that has been incorporated into the product, which is currently in private beta with companies ranging from 200 to 35,000 employees. To join the beta, go to Endor Labs website and book a demo with us!
For more information, Co-founder & CEO Varun Badhwar has posted this blog on the founding of Endor Labs.
To access the full release including an addendum on what the industry is saying about Endor Labs, please click here.
About Endor Labs
Endor Labs helps developers spend less time dealing with security issues and more time accelerating development through safe Open Source Software (OSS) adoption. Our Dependency Lifecycle Management™ Solution helps organizations maximize software reuse by enabling security and development teams to select, secure, and maintain OSS at scale. The Endor Labs engineering team includes some of the world's leading static analysis experts, including 7 PhDs and senior engineers from Meta, Uber, Amazon, and Microsoft. Endor Labs was founded by industry veterans Varun Badhwar and Dimitri Stiliadis, and is backed by Lightspeed & Dell Technologies Capital, as well as executives at companies like Palo Alto Networks, Zscaler, Zoom, Google, and more.
IoT Evolution Solutions Theatre Presentation by LTIMindtree