Semgrep (Application Security) Dossier

Operating within the Information Technology sector, Semgrep (Application Security) reached an Annual Recurring Revenue of $33,600,000 across its global customer base. The organization generated its primary revenue through a software-as-a-service subscription model based on the total number of active monthly developer contributors utilizing the platform. Management monetizes these larger teams and enterprise deployments through commercial tiers that feature advanced security capabilities, such as cross-file dataflow analysis and artificial intelligence-powered vulnerability triage.

Financial Highlights

* Annual recurring revenue: $33,600,000

* Total historical funding: $193,000,000

* Series D funding capital: $50,000,000

* Active enterprise customers: 45

* Total operational employees: 210

* Signal-to-noise user agree rate: 95%

* Commercial tier code pricing: $20

* Commercial tier secrets pricing: $39

Semgrep (Application Security) maintains its market position in the developer-first application security sector by offering a fast, continuous integration-agnostic pattern matching architecture that competes directly against established legacy tools from Snyk, SonarQube, and Checkmarx. The organization utilizes... Sign in / Sign up to learn more about Semgrep, Inc.

Continue your research by chatting with our AI financial analyst about Semgrep, Inc.. Ask follow-up questions, request specific analysis, or explore investment scenarios. All insights are grounded in verified financial data and SEC filings.

Start your analysis with these investor-focused questions:

• Semgrep secured a 100 million Series D funding round in FY2025 and currently reports an Annual Recurring Revenue of 33.6 million. How does Semgrep's revenue multiple and capital efficiency compare to direct competitors like Snyk, and what are the strategic priorities for deploying this capital to accelerate enterprise market penetration?
• Semgrep utilizes a product-led growth strategy alongside a freemium open-source model to drive grassroots developer adoption. Given the reported 45 enterprise customers, how effectively is Semgrep converting free community users into commercial Enterprise tiers, and what financial impact does the proprietary Pro Engine have on this conversion rate?
• To counter threats from comprehensive developer platforms like Snyk and deep semantic analysis tools like CodeQL, Semgrep is heavily investing in AI integration through Semgrep Assistant. How does this AI-driven approach to reducing false positives directly impact Semgrep's competitive positioning and customer retention metrics within the Application Security market?
• A notable risk for Semgrep involves competitor-sponsored forks of its open-source engine tied to commercial licensing decisions. How does Semgrep plan to mitigate this open-source ecosystem reliance while maintaining developer trust, and what are the potential financial implications of this friction on Semgrep's top-of-funnel user acquisition?
• With increasing regulatory scrutiny on software security, such as SEC breach disclosure mandates and PCI DSS 4.0 requirements, how is Semgrep leveraging these macroeconomic tailwinds to expand its enterprise footprint and increase the lifetime value of its subscription customer base?