TechFlow News, March 18: According to JINSHI Data, Xbow—a startup building AI-powered software to detect application security vulnerabilities—has completed a new funding round valuing the company at over $1 billion, reflecting investor enthusiasm for applying AI in the cybersecurity domain. Xbow announced on Wednesday that DFG Growth and Northzone co-led the $120 million financing round. Other participants included Alkeon Capital and Sofina, as well as existing investors Sequoia Capital, Altimeter Capital, and NFDG. The startup currently employs approximately 150 people and expects its headcount to reach several hundred by year-end. Xbow CEO De Mol stated that the company already serves over 100 customers—including Moderna and Samsung Electronics—and has observed strong demand in South Korea.
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