Contrast Security, a Los Altos, Calif.-based provider of next-gen code security tools, raised $150M in Series E funding at a greater than billion-dollar valuation.
The round was led by Liberty Strategic Capital, with participation from existing investors Warburg Pincus, Battery Ventures, General Catalyst, Microsoft’s M-12 Fund, AXA Venture Partners and Acero Capital.
The company intends to use the funds to expand its business reach, following growth in EMEA and rapid customer adoption in APAC, and to execute on strategic opportunities and acquisitions.
Led by Alan Naumann, CEO, Contrast Security provides an 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 platform automatically detects vulnerabilities while developers write code, eliminates false positives, and provides context-specific how-to-fix guidance for vulnerability remediation.
The customer base that consists of tens of thousands of developers at some of the largest brand-name companies in the world, including BMW, DocuSign, AXA, Zurich, SOMPO Japan, and American Red Cross, as well as numerous other leading global Fortune 500 enterprises. Contrast also partners with AWS, IBM, Google, Microsoft, and VMware to bring security into cloud applications.
FinSMEs
09/11/2021