AI Security Firm XBOW Raises $120 Million at $1 Billion-Plus Valuation
Summary
XBOW raised $120 million in a Series C round at a valuation above $1 billion. The company says its AI-powered platform autonomously tests applications for vulnerabilities and validates findings through exploitation.
Key points
- The Series C was led by DFJ Growth and Northzone, with participation from five other investors.
- The funding brings XBOW’s total raised to $237 million; the company plans to use it for expansion, product development and international growth.
- XBOW says its platform autonomously tests applications for vulnerabilities and validates potential findings through real exploitation.
- The company says its platform reached the top of the HackerOne leaderboard.
Article Details
- Event Type
- Funding announcement
- Impact
- XBOW announced a $120 million Series C round at a valuation of over $1 billion, bringing its total funding to $237 million. The company says it will use the investment to accelerate expansion, product innovation, and international growth for its AI-powered platform that autonomously discovers and validates software vulnerabilities.