Overview
Cybersecurity startup Xbow from Seattle has raised $120 million in a Series C funding round, achieving a valuation over $1 billion and becoming a unicorn. Led by DFJ Growth and Northzone, with participation from Sofina and Alkeon Capital, the funding will enhance product development and international expansion. Xbow addresses the challenge of outdated security testing by providing autonomous offensive security solutions that adapt to modern development cycles, leveraging AI to continuously test for vulnerabilities.
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Investors: DFJ Growth, Northzone, Sofina, Alkeon Capital
Cybersecurity startup Xbow from Seattle has raised $120 million in a Series C funding round, achieving a valuation over $1 billion and becoming a unicorn. Led by DFJ Growth and Northzone, with participation from Sofina and Alkeon Capital, the funding will enhance product development and international expansion. Xbow addresses the challenge of outdated security testing by providing autonomous offensive security solutions that adapt to modern development cycles, leveraging AI to continuously test for vulnerabilities.