Company · Agents & apps
XBOW revenue, valuation & funding
XBOW was valued at over $1 billion in its Series C, announced in March 2026. It has not published revenue. It's a private company with no stock ticker and has announced no plan to go public.
At a glance
- Valuation: over $1B at its Series C, announced in March 2026.
- Revenue: not published. No revenue figure has been reported.
- Status: private. No stock ticker. No IPO plan announced.
- Founded: January 2024, by Oege de Moor.
- CEO: Oege de Moor.
- Headquarters: Seattle, though the company is remote-first. It said it passed 250 employees in May 2026.
- Investors: DFJ Growth, Northzone, Altimeter, Sequoia Capital, Nat Friedman and NVentures, among others.
- Products: an autonomous penetration testing platform, generally available since June 2025. A product for testing compiled software is in development.
- On Real Alpha: 1 moments of its people talking, from 1 interview.
Is XBOW public? Can you buy its stock?
No. XBOW is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. Nasdaq Private Market lists it as private and says it has not had an IPO.
XBOW has not announced a plan or a date to go public, and no IPO filing has been reported.
Its shares are held privately. Its investors include DFJ Growth, Northzone, Sequoia Capital and Altimeter. This page reports facts and gives no investment advice.
Valuation, round by round
XBOW reached a valuation of over $1 billion with its Series C in March 2026, about two years after its founding.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| May 2026 | — | $35M | — | XBOW news |
| Mar 2026 | $1B+ | $120M | DFJ Growth and Northzone | XBOW news |
| Jun 2025 | — | $75M | Apoorv Agrawal of Altimeter | XBOW blog |
No valuation has been confirmed for the Series B. The Series A, co-led by Sequoia Capital and Nat Friedman, has no confirmed amount or date.
How XBOW makes money
XBOW sells its autonomous penetration testing platform to companies. Its pricing page says pricing is scoped to each customer's environment and based on usage. It publishes no price list.
- Cloud marketplaces. XBOW is sold through the AWS, Google, Oracle and Microsoft marketplaces. XBOW pricing page
- Resellers. As of May 2026, Samsung is a preferred reseller for XBOW in South Korea, and DNX Ventures adds reach across Asia Pacific. XBOW newsroom
Products
XBOW makes an autonomous AI penetration testing platform. In June 2025 it became the first autonomous system to reach the top spot on HackerOne's US leaderboard, according to XBOW.
In October 2026 XBOW said one of its researchers, working with AI agents, chained three Chrome bugs into a full-chain exploit. Google paid its first $250,000 full-chain reward of the year, per XBOW. On TBPN, Oege de Moor said the work took six days and cost about $40,000.
- XBOW platform (generally available June 2025). Its autonomous offensive security platform tests a customer's applications and reports validated findings. XBOW blog
- AWS Marketplace (February 2026). The platform became available to buy on AWS Marketplace. XBOW blog
- AWS Security Competency (July 2026). XBOW received the AWS Security Competency designation. XBOW newsroom
- Compiled software testing (in development). An autonomous product for desktop applications, servers and embedded devices, announced in October 2026 and not yet launched. XBOW blog
From XBOW's interviews
- 2:00:08 One researcher plus AI agents found a Chrome full-chain exploit in 6 daysOege de Moor · TBPN · Oct 2026
Customers
XBOW said in May 2026 that it served more than 100 customers worldwide, including Moderna and Seznam. Several investors in its Series C extension are customers too, per XBOW.
By October 2026 its homepage said 200+ top security teams trust the platform with their own applications. The homepage also says a Fortune 50 organization assessed 180 applications in a month and received 1,216 validated findings.
Leadership
- Oege de Moor, founder and CEO. A former Oxford professor, he sold Semmle to GitHub and created GitHub Copilot and GitHub Advanced Security. XBOW news
- Nico Waisman, chief information security officer. He was CISO at Lyft and joined XBOW from the outset. XBOW news
- Niroshan Rajadurai, chief revenue officer. XBOW leadership page
- Aqeel Siddiqui, chief product officer. XBOW leadership page
- Albert Ziegler, head of AI. XBOW leadership page
- Andrew Rice, head of engineering. XBOW leadership page
- Jordan McTaggart, head of finance and business operations. XBOW leadership page
- WonLae Lee, general manager for South Korea. XBOW leadership page
- Ramin Sayar, venture partner at DFJ Growth, joined the board with the March 2026 Series C. XBOW news
Who owns XBOW?
XBOW is private and hasn't disclosed who holds what. Its March 2026 Series C brought its total raised to $237 million, SecurityWeek reported. A $35 million extension in May brought the Series C to $155 million, per GeekWire.
- DFJ Growth and Northzone led the $120 million Series C in March 2026. XBOW news
- Altimeter led the $75 million Series B in June 2025, through Apoorv Agrawal. XBOW blog
- Sequoia Capital and Nat Friedman co-led the Series A. Sequoia also led the seed round. XBOW blog
- Sofina, Alkeon Capital and NFDG Ventures joined the Series C. SecurityWeek
- Accenture Ventures, DNX Ventures, Liberty Global Tech Ventures, NVentures, Samsung Ventures and SentinelOne S Ventures put in the $35 million extension in May 2026. XBOW news
Competitors
A July 2026 post by MindFort, itself a competitor, named four alternatives to XBOW.
- RunSybil, which MindFort called the closest AI-native tool to XBOW. MindFort blog
- MindFort, which wrote the comparison. MindFort blog
- Armadin and Pentera were the other two it named. MindFort blog
Timeline and latest news
From its founding to the latest reports, newest first.
- Oct 13, 2026Latest
Said it is developing a product to test compiled software. XBOW blog - Oct 13, 2026Latest
A researcher working with agents earned Google's first $250,000 full-chain Chrome reward of the year. XBOW - Oct 2026Latest
Its homepage said 200+ top security teams trust the platform. XBOW - Jul 7, 2026
Received the AWS Security Competency designation. XBOW newsroom - May 6, 2026
Added $35 million to its Series C from strategic investors. XBOW news - May 6, 2026
Said it had passed 250 employees. XBOW news - Mar 18, 2026
Raised $120 million at a valuation of over $1 billion, led by DFJ Growth and Northzone. XBOW news - Feb 5, 2026
Became available on AWS Marketplace. XBOW blog - Jun 2025
Raised a $75 million Series B led by Altimeter. XBOW blog - Jun 2025
Made its platform generally available. XBOW blog - Jun 2025
Reached the top of HackerOne's US leaderboard, the first autonomous system to do so. XBOW blog - Jan 2024
Founded by Oege de Moor. XBOW news
Questions people ask
Is XBOW a public company? Can I buy XBOW stock?
No. XBOW is private and has no ticker, so its shares don't trade on any exchange, per Nasdaq Private Market.
When will XBOW IPO?
XBOW has not had an IPO and hasn't announced a plan to go public.
Who owns XBOW?
Its investors include DFJ Growth, Northzone, Sequoia Capital, Altimeter and Nat Friedman, among others. Stakes haven't been disclosed.
Who is the CEO of XBOW?
Oege de Moor, who founded XBOW in January 2024. He created GitHub Copilot and GitHub Advanced Security.
How much is XBOW worth?
Over $1 billion, the valuation set with its $120 million Series C in March 2026, per XBOW.
How much revenue does XBOW make?
XBOW hasn't published revenue or profit figures, and none has been reported.
How does XBOW make money?
It sells its platform with usage-based pricing scoped to each customer, per its pricing page. It also sells through cloud marketplaces and resellers.
How many customers does XBOW have?
More than 100 in May 2026, including Moderna and Seznam. In October 2026 its homepage said 200+ top security teams trust the platform.
Where is XBOW headquartered?
Seattle, per its press release. The company is remote-first, and its CEO is based in Malta.
Who are XBOW's competitors?
A July 2026 post by MindFort named MindFort, RunSybil, Armadin and Pentera as alternatives.
Every moment from XBOW's people
1 moment from 1 interview on 1 show, newest first. Each one plays from the minute it starts.
TBPN · Oct 13, 2026 · 1 moment
Muse Wonder, Anjney Sizes Up, Neal Stephenson Joins, Social Reckoning Review, Eli Manning Live
People on Real Alpha
- Oege de Moor, Founder & CEO, XBOW · 1 moment
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 8, 2026