Endor Labs, a supply chain security software provider, announced a strategic investment from Citi Ventures. Terms were not disclosed, but it’s notable that the news comes less than a year after the company received $70 million in oversubscribed Series A financing from Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32 and others.
Endor Labs was founded in 2022 by industry veterans and entrepreneurs Varun Badhwar and Dimitri Stiliadis. Since its inception, Endor Labs has gained traction with Fortune 500 enterprises as well as emerging cloud-native companies and was named a finalist at the 2023 RSA Conference Innovation Sandbox and 2023 Black Hat Startup Spotlight.
“Software supply chain security is now a board-level concern for these organizations, because ignoring it or getting it wrong not only exposes the organization to significant risk, but costs hundreds of millions in lost developer productivity,” Badhwar said.
