Security Platform GitGuardian Secures $50M Series C
GitGuardian, a secrets and non-human identity security platform, has announced a $50 million Series C round. The funding was led by Insight Partners and Quadrille Capital. This investment signals that security and compliance-focused SaaS remain highly investable categories for institutional VCs, even as valuations in other software sectors compress.
- This Series C round brings GitGuardian's total funding to $106 million, following a $44 million Series B in December 2021. Existing investors, including Balderton Capital, BPI, Eurazeo, Fly Ventures, and Sapphire Ventures, also participated in the latest round. - The company specializes in detecting "secrets"—such as API keys, credentials, and tokens—within code and development workflows to prevent data breaches. This field is known as Non-Human Identity (NHI) security, which has become critical as the use of automated systems and AI agents increases the number of machine-to-machine interactions. - GitGuardian plans to use the new capital to expand its capabilities in securing AI agents, which require credentials to access data and systems, creating a larger attack surface for potential breaches. The funding will also support the development of enterprise-grade tools for managing the entire lifecycle of non-human identities, including discovery, rotation policies, and compliance reporting. - The company has demonstrated significant growth, protecting over 115,000 developers and monitoring more than 610,000 repositories by the end of 2025. In 2025, GitGuardian detected and remediated 350,000 exposed secrets, a five-fold increase from the previous year, with over 80% of its new annual recurring revenue coming from North America. - Notable customers of GitGuardian include Snowflake, Orange, ING, BASF, and Bouygues Telecom. The company's platform is the most installed security application on the GitHub Marketplace. - Lead investor Insight Partners has a significant track record in scaling cybersecurity companies, with previous investments in firms like Wiz, SentinelOne, and Darktrace. The other lead, Quadrille Capital, is expected to help GitGuardian expand in European markets where regulations like GDPR, NIS2, and DORA are increasing the demand for secrets management solutions.
