ArmorCode, the leader in Application Security Posture Management( ASPM) and threat- Grounded Vulnerability operation( RBVM), moment blazoned it closed apre-emptive$ 40 million Series B round to advance its charge of helping companies boat secure software presto and at scale. Premier adventure establishment HighlandX led the round, joined by NGP Capital, along with participation from being investors Ballistic gambles, Sierra gambles and Cervin gambles. As part of HighlandX’s investment, Managing Partner Corey Mulloy will join ArmorCode’s board. This marks a aggregate of$ 65 million raised to propel associations toward completely understanding and perfecting the state of their softwarerisk.The backing follows a time of significant growth for ArmorCode, including further than 400 time-over-year profit growth with Fortune 500 companies making over 25 of its client base. Marquee guests include the leading brands across eight different orders like Media and Entertainment, hospices, Industrial Controls, Healthcare, Consulting, Semiconductors, Financials, and Fixed Asset Management, with trillions of bones
in means. ArmorCode will use the new backing to supercharge its growth by investing in go- to- request, product, and engineering brigades to grow the platoon by further than 20, and to expand its earnings with new hookups and growth in Europe and new product areas. ArmorCode will also introduce several new AI and software force chain capabilities to further work the platform’s 4 billion reused findings and counting, so associations can prioritize pitfalls and automate triaging and remediation workflows at scale.
Corey Mulloy, Managing Partner at HighlandX, said, “ ArmorCode is helping enterprises navigate the complications of posture operation that arise from engaging multiple security tools. Their approach is reverberating with operation, structure, and product security brigades likewise in one of the fastest growing areas of security spend. operation security leaders are loyal in their reliance on and trust in ArmorCode to identify and alleviate threat for their associations. We believe the further than 400 time-over-year growth at ArmorCode is substantiation security brigades are empty for a single pane of glass to ameliorate collaboration, prioritize pitfalls, and consolidate the number of merchandisers they bear. We’re thrilled to back Nikhil and the ArmorCode platoon, as well as being and new investors in this coming chapter of growth. ”
” ArmorCode offers us a single view on all our operation and structure vulnerabilities, with the capability to efficiently prioritize them for dizzy remediation. The true substance of our cooperation with ArmorCode lies in their devoted client attention and clear understanding of our deliverables,” said Elena Teverovskaia, Engineering Director, InfoSec at athenahealth, an ArmorCode client.
ArmorCode uniquely delivers a platform that unifies the operation of vulnerabilities and sins across operations, structure and the software force chain so brigades can get a comprehensive view of their threat, move briskly and spend time fixing issues that count most. By fastening on aggregation and governance, ArmorCode differentiates itself from siloed scanning tools and enables security brigades to ameliorate their security posture by furnishing full visibility across their surroundings.
Nikhil Gupta, CEO andCo-founder of ArmorCode, said, “ moment, every company is a software company, and the imperative for faster software delivery has unfortunately come at the expenditure of security. We’re fixing that problem. Siloed tooling generates a massive number of security cautions across operations, structure, pall, and the force chain, and security brigades need a single platform to view and triage these vulnerabilities so they can keep pace with the speed of software delivery. At ArmorCode, our abecedarian belief is that associations shouldn’t have to immolate security for speed, which is why we break down security silos and automate security workflows. We do this with an AI- powered platform that can integrate vulnerability findings from 200 security tools to give unequaled visibility, prioritization, and unity capabilities. ”
Chris Peltz, Practice Lead, VM and AppSec, Northeast at GuidePoint Security, said,” ArmorCode’s combined focus on unifying operation Security Posture operation( ASPM) and Vulnerability operation show that ArmorCode understands the requirements of ultramodern guests to have a comprehensive view of all vulnerabilities in one platform, gain perceptivity into the most critical vulnerabilities, and orchestrate work flows between inventors and security brigades to fleetly fix those vulnerabilities. As an association, ArmorCode is veritably responsive to feedback from guests as well as mates, and have made a habit of snappily incorporating that feedback into product advancements and delivering ever adding value.”
“ As an early investor in ArmorCode, we ’ve witnessed their remarkable trip towards getting a sought- out leader in the operation security space, ” said Barmak Meftah,Co-Founder and General Partner at Ballistic gambles. “ We ’re thrilled to drink HighlandX to our investor syndicate, as they join us in supporting ArmorCode’s path to indeed lesser success. ”
ArmorCode was lately honored as a” Hot Application Security Company” of 2023 by The Cyber Defense Magazine Global Infosec Awards, and was a 2022 SINET 16 Award winner.