Armorcode Secures $14 Million Series A Investment To Scale Appsecops Platform

Nov 16, 2022•over 2 years ago

Amount Raised

$14 Million

Round Type

series a

Palo AltoPrivacy And SecurityProfessional ServicesInformation TechnologySoftware

Investors

Sierra VenturesBallistic Ventures

Description

ArmorCode, the leader in AppSecOps, today announced it secured a $14 million Series A investment led by Ballistic Ventures, the venture capital firm solely focused on backing cybersecurity startups, founded by Kevin Mandia, Barmak Meftah, Ted Schlein, Jake Seid, and Roger Thornton. Other investors include Sierra Ventures, Cervin, and industry luminaries such as John Donovan, the former CEO of AT&T Communications, Oliver Friedrichs, founder and former CEO of Phantom Cyber (acquired by Splunk), John M. Jack, current board member at Contrast Security and Illumio, among others, and Tom Reilly, former CEO of Cloudera and ArcSight. Founded in July 2020, ArmorCode's Series A brings its total funding to $25 million, underscoring its momentum, which includes a seven-figure annual recurring revenue within its first financial year and revenue doubling in consecutive quarters with customers that include Fortune 100 enterprises.

Company Information

Company

ArmorCode

Location

Palo Alto, California, United States

About

ArmorCode is an AppSecOps company. Our mission is to Democratize Application Security; by transforming application security into a scalable and cost effective DevSecOps process, making applications secure by delivery. We develop, sell and deliver the industry's leading AppSecOps platform to enterprises, along with the expertise, support, and community they need to be successful. ArmorCode customers use the platform for AppSec Posture, Vulnerability, and Compliance Management and DevSecOps workflow automation.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech