ME News, March 18 (UTC+8), Xbow is a startup that builds artificial intelligence software to detect application security vulnerabilities, and has completed a new round of financing, with a valuation exceeding 1 billion USD, showing investors' enthusiasm for using artificial intelligence in the field of cybersecurity. Xbow announced on Wednesday that DFG Growth and Northzone led this $120 million financing round. Other participants included Alkeon Capital and Sofina, as well as existing investors Sequoia Capital, Altimeter Capital, and NFDG. This startup currently has about 150 employees and expects to reach hundreds by the end of the year. Xbow CEO De Moller stated that Xbow already has over 100 customers, including Moderna and Samsung Electronics, and has seen strong demand in South Korea. (Source: ME)