ArmorCode, a unified exposure management company, announced it has raised $16 million in new strategic funding, bringing its total funding to date to $81M. The Palo Alto-based company also appointed cybersecurity leader Phil Venables to its board of directors as it accelerates development of its Agentic AI Platform and expands its global enterprise footprint.
The new capital was led by Cheyenne Ventures, with participation from Ballistic Ventures, Highland Capital, Sierra Ventures, NGP Capital, Harmonic Growth Partners, Tau Ventures, and Cervin. The company said it has doubled year over year and now serves Global 2000 enterprises seeking unified visibility across applications, infrastructure, cloud, and AI risk.
ArmorCode plans to use the funding to expand its AI Exposure Management capabilities, further innovate across its application security posture management and exposure management solutions, grow its global sales and partner ecosystem, and scale its enterprise customer success organization. The company is seeing increased demand from Fortune 500 and Fortune 1000 customers for AI security governance and lifecycle management, with nearly 80 percent of those customers pushing for expanded capabilities around AI agents, MCP servers, and shadow AI.
The company’s platform processes more than 200 billion findings annually across hundreds of native integrations, unifying and prioritizing security risks across applications, cloud, code, infrastructure, and AI systems. ArmorCode said its Agentic AI Platform, powered by its Anya Agentic Framework, enables autonomous multi-step security workflows and provides a programmable, extensible security control plane for enterprises adopting AI at scale.
Venables, who previously served as chief information security officer at Goldman Sachs and Google Cloud, joins the board as ArmorCode looks to strengthen its enterprise leadership amid rising AI-driven security complexity.
KEY QUOTES
“Enterprises are accelerating AI adoption, and with five trillion AI agents projected by 2030, AI risk management is essential to keep pace,” said Nikhil Gupta, Founder and CEO of ArmorCode. “This capital enables us to scale our agentic AI platform vision faster, deepen our enterprise footprint, and continue building the industry’s most comprehensive unified exposure management platform.”
Nikhil Gupta, Founder And CEO Of ArmorCode
“AI and autonomous agents are reshaping the enterprise, driving exponential growth in security complexity. ArmorCode is pioneering Agentic AI for Exposure Management, transforming fragmented security data into intelligent, actionable risk reduction. We are proud to support ArmorCode as they define exposure management for the agentic era.”
Gregory Eaton, Managing Director Of Cheyenne Ventures
“ArmorCode is uniquely positioned to navigate the intersection of AI innovation and enterprise risk,” said Venables. “As organizations deploy AI across their operations, they need unified exposure management to mitigate risks across applications, infrastructure, and AI systems. ArmorCode is building that control plane.”
Phil Venables, Venture Partner At Ballistic Ventures And Former CISO For Google Cloud And Goldman Sachs
