Endor Labs, which offers a platform developers can use to manage and secure their open source dependencies, today closed a $70 million Series A round led by Lightspeed Venture Partners with participation from Coatue, Dell Technologies Capital, Section 32 and a number of angel investors.
The new financing — quite large for a Series A, and coming only 10 months after the company’s launch — brings Endor’s total raised to $95 million. Co-founder and CEO Varun Badhwar says that it’ll be put toward expanding the startup’s 55-person workforce and “deepening” Endor’s existing technical capabilities while expanding its go-to-market initiatives.
“We’re proud to have raised a significant Series A round at a time when funding has been tight, and investors are spending a lot more time doing deeper due diligence,” Badhwar told TechCrunch in an email interview. “The current economic climate and the pande...
