- ArmorCode recently announced it raised $11 million in funding. These are the details.
ArmorCode — a leader in AppSecOps — recently announced it has secured an additional $8 million in seed financing led by Cervin Ventures with participation from Sierra Ventures, Tau Ventures, and several prominent cybersecurity leaders, including founders of Demisto and RedLock. This brings the total seed round to $11 million. The company plans to use these new funds to extend its AppSecOps platform capabilities and expand the company’s go-to-market efforts.
The ArmorCode AppSecOps platform is the 10X AppSec Force Multiplier, which enables organizations to ship securely and ship fast. And providing security and development teams with the visibility, actionable insights, automation, and integration needed to build, deliver and scale an effective and efficient AppSec program across the entire organization, while reducing cyber risks and exposure. After launching a couple of years ago, the company has received tremendous response from the market, signing up customers such as Guardant Health, and Shutterfly.
Today’s AppSec teams depend on a collection of point security products and siloed manual processes. And this leaves them struggling to gain the visibility, insight, and process scale needed to identify and protect the always changing and ever-growing application risk surface.
KEY QUOTES:
“ArmorCode is an early entrant in the AppSecOps space. Agile DevOps, Cloud Deployment, Microservices, and Open Source have all dramatically accelerated application delivery and complexity. The security of these applications is paramount and that’s where ArmorCode provides immense value. ArmorCode is led by a veteran team, who have worked together in the past, doing pioneering work in the security software space and have already signed some leading enterprise customers. We are excited to partner with Nikhil and his team on their journey.”
— Preetish Nijhawan, Co-Founder and Managing Partner, Cervin Ventures
“ArmorCode gives us insight into our security posture across all applications, APIs, and microservices in our environment, allowing us to avoid blind spots and improve security. Having this additional insight along with workflow automation significantly reduces our costs associated with fixing vulnerabilities and allows us to provide a safe and secure service for our customers.”
— Sitaraman Lakshminarayanan, Director Security Architecture from Guardant Health
“Enterprise applications have created a new set of security challenges, leaving the door wide open for cyber risks and attacks. The ArmorCode AppSecOps platform, with its 80+ out of the box integrations, simplifies the process of shipping applications securely with a single platform, consolidating insights from multiple AppSec tools, and scaling the DevSecOps processes needed to keep up with and manage risk. With this new funding we will expand our leadership position. We will invest in go-to-market initiatives to democratize application security and enable organizations of all sizes to ship applications securely and ship them fast.”
— Nikhil Gupta, co-founder, and CEO of ArmorCode
