- ArmorCode, a company delivering application security at the speed of DevOps, announced it raised $3 million. These are the details.
ArmorCode — a company delivering application security at the speed of DevOps — announced it has raised $3 million in seed financing led by Sierra Ventures with participation from Tau Ventures and Z5 Capital and individual investors including industry leaders Andreas Kuehlmann (CEO, Tortuga Logic; former security executive at Synopsys) and Prithvi Rai (former Sr. Director of Security at Uber, Facebook, and Yahoo!). Enterprises are using ArmorCode to consolidate application security tooling, streamline application security processes, increase business agility, and improve developer productivity.
ArmorCode launched in July 2020 by CEO Nikhil Gupta — the former VMware and Cisco executive most known for founding Avid Secure, an AI-powered enterprise cloud security posture management company acquired by Sophos — and seasoned CTO Anant Misra to help companies take charge of increasingly-complicated application security environments.
The transition to agile development, the rise of microservices, and an increased reliance on cloud services for business operations due to the pandemic contributed to an explosion in software development and a dramatic reduction in software delivery time. And as the speed and complexity of application development skyrockets, application security professionals increasingly find themselves unable to keep up. Many are being forced to piece together security tools as stopgaps.
ArmorCode is known as a next-generation application security platform that consolidates three key AppSec needs into a single intelligent platform that minimizes tooling and alerts while maximizing agility, efficiency, and cost-effectiveness.
KEY QUOTES:
“Application development has changed radically: from waterfall to agile development and from monolithic application architecture to microservices delivered at the edge. Once-a-year compliance is no longer sufficient as releases are done on a weekly or even daily cadence. However, application security and compliance tools haven’t kept up. My team was able to onboard the ArmorCode platform in less than 15 minutes and saw tremendous time to value.”
— Teza Mukkavilli, Chief Security Officer at ChargePoint, an ArmorCode customer
“We have received consistent feedback from the CISO group of our CXO Advisory Board that they are overwhelmed by the volume and complexity of application security alerts. ArmorCode is the most comprehensive solution in the space and the founding team has very relevant startup experience to tackle this significant problem. The rapid early bottoms-up customer adoption is validating our thesis.”
— Mark Fernandes, Managing Partner, Sierra Ventures
“While software development releases have shrunk from years to hours, enterprise application security processes are still slow, antiquated, and chaotic. ArmorCode has designed a massively scalable agentless platform from the ground up to help modernize application security. We already have a strong remote-first team of more than 25 members and this initial funding will enable us to realize our dream of democratizing application security.”
— Nikhil Gupta, Co-founder and CEO of ArmorCode
