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Contrast Security Closes $150M Series E Funding Led By Liberty Strategic Capital To Expand Leadership In Code Security

Nov 09, 2021•almost 4 years ago

Amount Raised

$150 Million

Round Type

series e

Los Altos

Description

Contrast Security, the leader in next-gen code security tools, today announced that it has closed $150M in a Series E round of funding at a greater than billion-dollar valuation. The oversubscribed round was led by Liberty Strategic Capital, founded by former Secretary of the Treasury Steven Mnuchin, together with 100% participation from existing Contrast investors Warburg Pincus, Battery Ventures, General Catalyst, Microsoft's M-12 Fund, AXA Venture Partners and Acero Capital.

Company Information

Company

Contrast Security

Location

Los Altos, California, United States

About

Contrast Security secures the code that the world economy relies on. It is the industry's most modern and comprehensive Application Security Platform, removing security roadblock inefficiencies and empowering enterprises to write and release secure application code faster. Embedding code analysis and attack prevention directly into software with instrumentation, the Contrast platform automatically detects vulnerabilities while developers write code, eliminates false positives, and provides context-specific how-to-fix guidance for easy and fast vulnerability remediation. Doing so enables application and development teams to collaborate more effectively and to innovate faster while accelerating digital transformation initiatives. This is why a growing number of the world's largest private and public sector organizations rely on Contrast to secure their applications in development and extend protection to cloud and on-premise applications in production.

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