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StackHawk Raises $12 Million in Strategic Funding to Help Security Teams Keep Up with AI-Driven Development

StackHawk Raises $12 Million in Strategic Funding to Help Security Teams Keep Up with AI-Driven Development

May 30, 2025 Craig Etkin

SAN FRANCISCO, May 22, 2025 /PRNewswire/ — StackHawk, the shift-left API security platform, today announced it has taken on $12 Million in additional funding from Sapphire and Costanoa Ventures to help security teams keep up with the pace of AI-driven development. With this funding, StackHawk will expedite shipping products and features that make it simple for modern teams embracing AI-driven development to scale safely, especially in data-sensitive industries such as healthcare and fintech. Sapphire and Costanoa Ventures also co-led StackHawk’s Series B funding in 2022, bringing the company’s total funding to $47.3 million.

“We’re seeing our customers embrace AI-driven development tools like Cursor and ship new applications faster than ever,” said Joni Klippert, CEO and Co-Founder of StackHawk. “Security professionals were already outnumbered by developers 100:1 and struggling to keep up with the backlog of issues – we need new solutions to help engineering teams identify the most important security issues and help engineers actually fix those issues being generated by the speed of AI.”

Developers now deploy code 70% faster using AI (according to the latest DORA report), and 30% of that code contains security weaknesses (Cornell University). AppSec teams spend hours prioritizing issues, creating tickets, and chasing busy developers, causing vulnerability backlogs to balloon as time is spent on non-remediation tasks. As a result, applications and clouds grow less secure, and hackers exploit the widening productivity gap between development and security teams.

According to Imperva’s 2024 State of API Security Report, 71% of internet traffic is driven by API calls. StackHawk was recently named the outstanding API security platform by the Global Infosec Awards at RSA 2025. These prestigious global awards, by Cyber Defense Magazine, recognize innovators with compelling value propositions for their products in competitive infosecurity industries. StackHawk is reimagining API security testing by empowering developers to find and fix security vulnerabilities before they hit production.

“StackHawk is the only API security solution that ensures the most important vulnerabilities are identified and addressed during the development stage of software delivery, before they are shipped to production and can impact customers,” said Greg Sands, Founder and Managing Partner at Costanoa Ventures. “They are in the ideal position to innovate with new solutions that ensure enterprises maintain a strong security posture in the age of AI.”

About StackHawk
StackHawk is making API and application security testing part of software delivery. The StackHawk platform offers engineering teams the ability to find and fix application bugs at any stage of software development and gives security teams insight into the security posture of applications and APIs being developed. Built by a strong founding team with deep experience in security and DevOps, and funded by some of the best venture investors in the business, StackHawk is leading the shift left movement by putting API and application security testing into the hands of engineers the moment they build code. Learn more and sign up for a free trial at www.stackhawk.com

Media Contact
Adam LaGreca
Founder of 10KMedia
adam@10kmedia.co 

SOURCE StackHawk

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Cision, PRNewswire, San Francisco, StackHawk, Venture Capital

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LuminX, an AI-driven company pioneering cutting edge inventory automation and visibility, announced today the closure of its $5.5 million seed funding round. This initial funding will accelerate the development and deployment of its solutions for the logistics and warehousing industry. The seed round was supported by a multitude of investors, including 1Sharpe, GTMFund, 9Yards, Chingona Ventures, and the Bond Fund. LuminX addresses critical inefficiencies in supply chain and warehouse management that lead to significant operational costs and errors. The company is at the forefront of solving these issues by developing and deploying its Vision Language Models (VLMs) directly onto low-cost mobile hardware within the warehouse – an approach that makes advanced AI accessible and practical for a wider range of operations.

LuminX systems uniquely integrate sophisticated visual understanding with powerful generative AI capabilities, enabling its cameras to ‘see’ and interpret complex, dynamic warehouse environments in real-time—recognizing products, varied labels, assessing package conditions, and tracking movement. These versatile devices can be deployed anywhere in the warehouse, including docks, conveyors, on forklifts, or as handheld units. LuminX’s system intelligently processes this visual information to automate intricate operational tasks, eliminate manual work, and provide actionable data for drastically reducing discrepancies and optimizing overall workflow.

LuminX is led by founder and CEO Alex Kaveh Senemar, a seasoned entrepreneur with a proven track record of building and scaling successful AI companies across several industries. He previously founded and led Voxel, a pioneering AI company in warehouse safety and operations, and prior to that, founded Sherbit, which was successfully acquired by Huma in 2019. He is joined by co-founder & CTO Reza Javanmardi, Ph.D. in Computer Science and former Head of AI Research at Voxel, whose career spans impactful R&D in machine learning and computer vision across startups and research institutions.
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AT&T has announced plans to expand and relocate its call center across the street from the company’s existing campus on Lakeside Boulevard, the latest in a series of national call center real estate moves. AT&T signed a 12-year lease with Provident Realty Advisors for approximately 186K SF across seven floors of the Lakeside Boulevard Tower at 2221 Lakeside Blvd. The company’s existing call center is located at its Lakeside Campus at 2270 Lakeside Blvd.

In a statement Michael Ford, AT&T Head of Global Real Estate said, “We have a strong history in the city and this opportunity strategically aligns with our focus on creating modern workspaces where our employees can thrive, innovate and deliver solutions that connect people to greater possibility.”

To support $15.8M in building improvements at AT&T's new location, the city of Richardson awarded Provident a building modernization grant and permit fee waivers. Provident acquired the 807K SF Lakeside Campus office complex in November 2024. The campus is anchored by RealPage and was originally built for Nortel. AT&T Inc. is an American multinational conglomerate holding company that is Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the worlds largest telecommunications company, it is also the largest provider of mobile telephone services in the U.S. As of 2020, AT&T was ranked 9th on the Fortune 500 rankings of the largest United States corporations, with revenues of $181 billion.
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WellTheory, the leading whole-person care platform for autoimmune disease, today announced the close of $5M in new funding and the successful rollout of its proprietary AI tools, Care Hub and Care Scribe, across its care operations. New investors Samsung Next, Opal Ventures, and Up2 Fund joined the round, with continued support from existing investors Accel, OVO Fund, and BoxGroup. WellTheory is a virtual care platform reversing the autoimmune epidemic by filling the gaps left behind in traditional healthcare. WellTheory offers a research-backed proprietary program that addresses the root cause of autoimmunity and treats the whole person with the aim to reduce symptoms, improve quality of life, and lower costs.

In a statement Ellen Rudolph, CEO and Co-founder of WellTheory said, “AI is no longer a nice-to-have in care delivery — its essential infrastructure.” “This new round of funding is allowing us to double down on our AI strategy, streamline the most time-consuming parts of care, and expand into new markets. We’re leading the charge in making whole-person, root-cause care more accessible, personalized, and effective and bringing it to scale through our growing partnerships with employers and health plans.”

WellTheory’s Care Scribe, the company’s proprietary AI assistant, now supports its Care Team by attending member sessions, transcribing conversations, and drafting follow-up notes and personalized Care Plans — all for provider review and customization. The tool has reduced provider prep and documentation time by 65%, enabling a more efficient and focused care experience. This meta-intelligence will power a more personalized, proactive experience for members, surfacing symptom patterns, optimizing interventions, and enabling the Care Team to deliver precision support at scale. By connecting the dots across a fragmented care journey, WellTheory aims to not only reduce the burden of autoimmune disease — but also to fundamentally reimagine how it’s managed.
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