Endor Labs exits Stealth, a formal partnership program is coming
Its new funding will support the efforts of partners in all territories.
Endor Labs came out of stealth and raised $25 million in funding. It plans to launch go-to-market (GTM) programs in the coming months.
Lightspeed Venture Partners, Dell Technologies Capital and Sierra Ventures provided the funding. CEOs and executives from Palo Alto Networks, Zoom, Snowflake, Zscaler, Netskope, Rubrik, Databricks, Microsoft and more also contributed.
Endor Labs helps developers spend less time dealing with security issues and more time accelerating development through secure adoption of open source software (OSS). Its Dependency Lifecycle Management solution helps organizations maximize software reuse. To do this, the company enables security and development teams to select, secure and maintain OSS at scale.
Over the past year, over 75 “large” organizations have provided feedback that has been incorporated into the company’s product. It is currently in private beta with companies ranging from 200 to 35,000 employees.
Working with channel partners since day one
Varun Badhwar is the co-founder and CEO of the company. He said Endor Labs has worked with select distribution partners since day one. It engages with dozens of organizations through partnership relations.
“Currently, Endor Labs is working with partners who can help accelerate growth through direct introductions and strong relationships with CISOs and CTOs of large enterprises,” he said.
The new funding means the company can quickly expand its GTM efforts, Badhwar said. Additionally, it can support partner efforts in all territories and invest resources to activate and integrate partners.
Endor Labs was founded by veteran entrepreneurs who have run first-channel GTM programs to generate hundreds of millions in revenue, he said.
“This business launch is an opportunity for the chain to help its customers solve one of today’s most critical engineering and security challenges, supply chain and manufacturing security. ‘open source, with a platform already backed and trusted by the world’s toughest security teams,’ Badhwar said.
In the coming months, Endor Labs will launch its formal partnership program for technology and channel programs, it said.
Meet a critical need
Arif Janmohamed is a partner at Lightspeed Venture Partners.
“Endor Labs fills a critical need,” he said. “They have carved out a massive yet underserved market for themselves, and assembled a world-class team to meet 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. »