AI Safety Startup Xbow Valued Over $1 Billion

Xbow, a startup building artificial intelligence software to detect application security vulnerabilities, has completed a new round of financing with a valuation exceeding $1 billion, demonstrating investor enthusiasm for applying artificial intelligence to cybersecurity. Xbow announced on Wednesday that DFG Growth and Northzone led the $120 million financing deal. Other participants included Alkeon Capital and Sofina, as well as existing investors Sequoia Capital, Altimeter Capital, and NFDG. The startup currently has about 150 employees and expects to reach several hundred by the end of the year. Xbow CEO De Mor said that Xbow already has more than 100 customers, including Moderna and Samsung Electronics, and sees strong demand in South Korea.