ArmorCode Closes $11 Million Seed Funding

<p><strong><span class&equals;"xn-location">PALO ALTO <&sol;span><&sol;strong>&&num;8212&semi;<i>  <&sol;i><u>ArmorCode<&sol;u>&comma; a provider of AppSecOps&comma; has secured an additional <span class&equals;"xn-money">&dollar;8 million<&sol;span> in seed financing led by <u>Cervin Ventures<&sol;u> with participation from <u>Sierra Ventures<&sol;u> that lead the previous round of funding&comma; <u>Tau Ventures<&sol;u>&comma; and several prominent Cybersecurity leaders&comma; including founders of Demisto and RedLock&comma; bringing the total seed round to <span class&equals;"xn-money">&dollar;11 million<&sol;span>&period; The company will use these new funds to extend its AppSecOps platform capabilities and expand the company&&num;8217&semi;s go-to-market efforts&period;<&sol;p>&NewLine;<p>The ArmorCode AppSecOps platform is the 10X AppSec Force Multiplier that enables organizations to ship securely and ship fast&period; Providing security and development teams with the visibility&comma; actionable insights&comma; automation&comma; and integration needed to build&comma; deliver and scale an effective and efficient AppSec program across the entire organization&comma; while reducing cyber risks and exposure&period; After launching in 2020&comma; the company has received tremendous response from the market&comma; signing up customers such as Guardant Health&comma; and Shutterfly&period;<&sol;p>&NewLine;<p>&&num;8220&semi;ArmorCode is an early entrant in the AppSecOps space&period; Agile DevOps&comma; Cloud Deployment&comma; Microservices&comma; and Open Source have all dramatically accelerated application delivery and complexity&period; The security of these applications is paramount and that&&num;8217&semi;s where ArmorCode provides immense value&comma;&&num;8221&semi; said <span class&equals;"xn-person">Preetish Nijhawan<&sol;span>&comma; Co-Founder and Managing Partner&comma; Cervin Ventures&period; &&num;8220&semi;ArmorCode is led by a veteran team&comma; who have worked together in the past&comma; doing pioneering work in the security software space and have already signed some leading enterprise customers&period; We are excited to partner with Nikhil and his team on their journey&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Today&&num;8217&semi;s AppSec teams&comma; outnumbered by as much as 100&colon;1 by developers&comma; depend on a collection of point security products and siloed manual processes&period; This leaves them struggling to gain the visibility&comma; insight&comma; and process scale needed to identify and protect the always changing and ever-growing application risk surface&period;<&sol;p>&NewLine;<p>&&num;8220&semi;ArmorCode gives us insight into our security posture across all applications&comma; APIs&comma; and microservices in our environment&comma; allowing us to avoid blind spots and improve security&comma;&&num;8221&semi; said <span class&equals;"xn-person">Sitaraman Lakshminarayanan<&sol;span>&comma; Director Security Architecture from Guardant Health&period; &&num;8220&semi;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&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Enterprise applications have created a new set of security challenges&comma; leaving the door wide open for cyber risks and attacks&period; The ArmorCode AppSecOps platform&comma; with its 80&plus; out of the box integrations&comma; simplifies the process of shipping applications securely with a single platform&comma; consolidating insights from multiple AppSec tools&comma; and scaling the DevSecOps processes needed to keep up with and manage risk&comma;&&num;8221&semi; said <span class&equals;"xn-person">Nikhil Gupta<&sol;span>&comma; co-founder&comma; and CEO of ArmorCode&period; &&num;8220&semi;With this new funding we will expand our leadership position&period; 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&period;&&num;8221&semi;<&sol;p>&NewLine;