XBOW Raises $120M Series C, Valued Over $1B

XBOW, a leader in autonomous offensive security, has successfully raised $120 million in Series C financing, pushing its valuation past $1 billion. The funding round was co-led by DFJ Growth and Northzone, with participation from new investors Sofina and Alkeon Capital, alongside existing backers Altimeter, NFDG Ventures, and Sequoia Capital. This investment will fuel XBOW's expansion into enterprise markets, product innovation, and international growth, particularly in South Korea. Oege de Moor, Founder and CEO of XBOW, emphasized the company's proven ability to apply AI to offensive security at machine speed, addressing the evolving threat landscape where AI-driven attackers operate continuously. Ramin Sayar, Venture Partner at DFJ Growth and former CEO of Sumo Logic, will join XBOW's Board of Directors to support its scaling efforts. XBOW's platform uses AI reasoning and adversarial workflows to identify and validate vulnerabilities, aiming to provide continuous, intelligent security coverage that traditional human-led penetration testing cannot match.