DepthFirst - About the company
DepthFirst is a series B company based in San Francisco (United States), founded in 2024 by Qasim Mithani, Andrea Michi and Daniele Perito. It operates as a Provider of an AI-native application security platform for software systems. DepthFirst has raised $120M in funding from Meritech and Accela, with a current valuation of $*****. The company has 142 active competitors, including 33 funded and 16 that have exited. Its top competitors include companies like Snyk, Checkmarx and Veracode.
Company Details
Provider of an AI-native application security platform for software systems. It analyzes repositories to understand system functionality, creating a unified view of code, infrastructure, and business logic. The platform identifies vulnerabilities, assesses impact, and filters out false positives. It also delivers ready-to-merge fixes aligned with development workflows. The platform integrates via API and learns from user feedback.
Key Metrics
Founded Year
2024
Location
San Francisco, United States
Stage
Series B
Total Funding
$120M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 16, 2026
Ranked
15th among 142 active competitors
Employee Count
70 as on Sep 30, 2026
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DepthFirst's funding and investors
DepthFirst has raised a total funding of $120M over 2 rounds. Its first funding round was on Jan 14, 2026. Its latest funding round was a Series B round on Mar 31, 2026 for $*****. 8 investors participated in its latest round. DepthFirst has 11 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of DepthFirst:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 31, 2026 | 1995804 | Series B | 1450661 | 8084782 | 8084322 | 7100902 |
Jan 14, 2026 | 4625281 | Series A | 9932397 | 3862642 |
View details of DepthFirst's funding rounds and investors
DepthFirst's founders and board of directors
Founder? Claim ProfileThe founders of DepthFirst are Qasim Mithani, Andrea Michi and Daniele Perito. Qasim Mithani is the CEO of DepthFirst.
Here are the details of DepthFirst's key team members:
- Qasim Mithani: Co-Founder & CEO of DepthFirst. Contact Info: 1 email address
- Andrea Michi: Co-Founder & CTO of DepthFirst. Contact Info: 1 email address
- Daniele Perito: Former ecutive Chairman & Co-Founder of DepthFirst. Contact Info: 1 email address
View details of DepthFirst's Founder profiles and Board Members
DepthFirst's employee count trend
DepthFirst has 70 employees as of Sep 26. Here is DepthFirst's employee count trend over the years:
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DepthFirst's Competitors and alternates
Top competitors of DepthFirst include Snyk, Checkmarx and Veracode. Here is the list of Top 10 competitors of DepthFirst, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Snyk 2015, Boston (United States), Series G | Provider of a platform securing code, models, and agents in applications | $1.32B | 77/100 | |
2nd | Checkmarx 2006, Atlanta (United States), Acquired | Provider of application security platform unifying testing, monitoring, and remediation | $98.5M | 73/100 | |
3rd | Veracode 2006, Burlington (United States), Acquired | Provider of software security testing and automated code remediation tools | $107M | 68/100 | |
4th | Pathlock 2004, Flemington (United States), Series C | Access orchestration solutions provider | $220M | 63/100 | |
5th | Cloud based application testing solutions | $81M | 61/100 | ||
6th | StackHawk 2019, Denver (United States), Series B | Cloud based security testing software | $47.4M | 61/100 | |
7th | Platform offering cloud security software | $84.5M | 60/100 | ||
8th | Lineaje 2021, San Francisco (United States), Series A | Provider of threat detection solutions | $27M | 60/100 | |
9th | ArmorCode 2020, Palo Alto (United States), Series B | AI powered application security solutions | $81M | 58/100 | |
10th | Prophaze 2019, Milpitas (United States), Seed | Provider of web application and application programming interface security software | $110K | 57/100 | |
15th | DepthFirst 2024, San Francisco (United States), Series B | Provider of an AI-native application security platform for software systems | $120M | 51/100 |
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DepthFirst's Investments and acquisitions
DepthFirst has made no investments or acquisitions yet.
Reports related to DepthFirst
Here is the latest report on DepthFirst's sector:
News related to DepthFirst
Media has covered DepthFirst for a total of 5 events in the last 1 year, 1 of them has been about company updates.
•
depthfirst Raises $80 Million in Series B Funding Led by Meritech CapitalThe SaaS News•Jun 08, 2026•DepthFirst, Meritech
•
depthfirst Commits up to $5M in Credits to Help Open Source Software Find and Fix Zero Day VulnerabilitiesBusiness Wire•May 12, 2026•DepthFirst
•
•
Depthfirst raises $80M to expand AI-native security platform and train domain-specific modelsSiliconAngle•Mar 31, 2026•DepthFirst, Meritech, Alt Capital, The House Fund and 7 others
•
Depthfirst Announces $40M Series A to Secure the World’s SoftwareBusiness Wire•Jan 14, 2026•AltInvest Capital Advisors, Mantis VC, Liquid 2 Ventures, SV Angel and 8 others
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