The round, which brought total funding raised to $122m, was led by new investor Warburg Pincus with participation from existing investors Battery Ventures, General Catalyst, M12 (Microsoft’s Venture Fund), AXA Venture Partners and Acero Capital.
The company intends to use the funds to accelerate technology innovation, field operations, international expansion along with growth in its customer-success team.
Led by Alan Naumann, CEO, Contrast Security is a provider of technology that embeds vulnerability analysis and exploit prevention directly into modern software. Its unified platform includes its flagship products, Contrast Assess and Contrast Protect, that work continuously across popular development approaches (DevOps, Agile, Waterfall, etc.) and technologies (Cloud, Containers, Open Source Software, etc.) to enable protection throughout the software lifecycle.
The patented deep security technology enables accurate assessment and always-on protection of an entire application portfolio, without scanning or expensive security experts. It has sensors that work actively inside applications to uncover vulnerabilities, prevent data breaches, and secure the entire enterprise from development, to operations, to production.
The company recently announced Community Edition, a free, full-strength, DevSecOps solution that allows development, security and operations teams to deliver secure software on time. This free solution is designed to allow small teams building Java applications and APIs to protect against the most common security flaws, including the Open Web Application Security Project (OWASP) top 10 vulnerabilities.
In 2018 alone, Contrast discovered over 1,900,000 vulnerabilities and protected against over 52,000,000 confirmed applications attacks across billions of transactions.
FinSMEs
28/02/2019