A brand-new Silicon Valley startup called Endor Labs announced closing of a USD 25 million seed round to develop a dependency lifecycle management platform. The announcement comes less than two weeks after Ox Security amassed a staggering USD 34 million in seed-stage funding.
Lightspeed Venture Partners and Dell Technologies Capital are two investors who have staked money in Endor Labs. Chainguard’s USD 50 million Series A investment (USD 55 million total raised) and Legit Security’s USD 34 million in funding are also part of the startup software supply chain technology companies’ unusually large early-stage financing.
The business is presently developing technology to aid security and development teams in maximizing software reuse by securely assessing, managing, and updating dependencies.