ForAllSecure, a Pittsburgh, PA-based provider of an application security testing technology platform, raised $21m in Series B funding.
The round, which brings total funding to $36m, was co-led by Koch Disruptive Technologies (KDT) and existing investor New Enterprise Associates (NEA).
The company intends to use the funds to accelerate growth, increase headcount, and product innovation, including a solution to secure the thousands of open source projects widely used by businesses around the world.
Led by David Brumley, Chief Executive Officer and co-founder, ForAllSecure delivers an autonomous security testing solution that maximizes development productivity by integrating layers of security testing into continuous workflows. By intelligently automating the testing and maintenance of software, Mayhem allows developers at Fortune 1000 companies in aerospace, automotive, and high-tech, along with every US military service, to focus on delivering secure applications.
Since launching its first commercial product in 2020, the company has amassed more than 100 customers, ranging from the U.S. Department of Defense to the Roblox gaming platform.
FinSMEs
21/03/2022