ArmorCode, the market leader in AppSecOps, today announced a $14 million Series A investment led by Ballistic Ventures, the venture capital firm founded by Kevin Mandia, Barmak Meftah, Ted Schlein, Jake Seid, and Roger Thornton. Sierra Ventures, Cervin, and other industry leaders also took part in that round.
ArmorCode, which was founded in July 2020, has raised a total of $25 million in funding, highlighting its momentum, which includes seven-figure annual recurring revenue in its first fiscal year and revenue doubling in consecutive quarters with customers including Fortune 100 enterprises.
According to a recent survey conducted by the Purple Book Community, 60% of firms put speed over security when delivering software. This is a concern since there are 100 or more developers for every application security engineer, making it difficult for them to keep up with the rapid pace of software releases. With businesses prioritizing application delivery, many applications are launched without the necessary security checks, leaving organizations vulnerable.
ArmorCode’s platform can address this issue by providing customers with a unified view of their AppSec posture, vulnerability, and compliance management, as well as development, security, and operations (DevSecOps) workflow automation.
ArmorCode’s current customers range from fast-growing, cloud-native businesses to some of the most well-known brands in their respective industries. Customers can gain visibility into all of their applications, application programming interfaces (APIs), and microservices in their environments, avoiding blind spots and improving security.
