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Cycode Raises $20 Million Series A Round From Insight Partners To Secure Devops Pipelines And Prevent Code Tampering

May 11, 2021•over 4 years ago

Amount Raised

$20 Million

Round Type

series a

Description

Cycode, an innovator in securing DevOps pipelines, today announced a $20 million Series A round led by Insight Partners, with participation from seed investor, YL Ventures. The new funding brings total investment to $25 million and positions Cycode to accelerate growth into securing enterprise DevOps tools such as source control management systems, build systems and cloud infrastructure.

Company Information

Company

Cycode

About

The company argues that this is one of the largest funding rounds in the application security space. In part, that’s surely driven by the fact that the company was also able to show its investors some impressive growth numbers, with its ARR increasing 7x in the first three quarters of this year. Levy noted that this now allows the company to think like an attacker by being able to identify issues across a company’s software pipeline instead of only focusing on individual services. Cycode currently has just under 60 employees, with plans for doubling that by the middle of next year, including an expanded sales and marketing team in the U.S.Cycode raises $4.6M seed round to keep your source code safe

Funding Insights

Based on industry data
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