ArmorCode Closes $11M Seed Funding Round

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Palo Alto, California.January 25, 2022ArmorCodethe leader of AppSecOps, today announced that it has secured an additional $8 million in seed funding led byMatterhorn Companieswith the participation ofSierra Ventureswho led the previous funding cycle,Tau Ventures, and several prominent cybersecurity leaders, including the founders of Demisto and RedLock, bringing the total round to $11 million. The company will use the new funds to expand the capabilities of its AppSecOps platform and expand its go-to-market efforts.

The ArmorCode AppSecOps platform is the 10X AppSec Force Multiplier™ that enables organizations to ship quickly and securely. Provide security and development teams with the visibility, actionable insights, automation, and integration needed to build, deliver, and scale an effective and efficient AppSec program across the organization, while reducing cyber -risks and exposure. After its launch in 2020, the company received tremendous market response, recruiting customers such as Guardant Health and Shutterfly.

“ArmorCode is an early entrant into the AppSecOps space. Agile DevOps, Cloud Deployment, Microservices and Open Source have all dramatically accelerated application delivery and complexity. The security of these applications is paramount and this is where ‘ArmorCode brings immense value,’ said Preetish Nijhawan. , Co-Founder and Managing Partner, Matterhorn Ventures. “ArmorCode is led by a team of veterans, who have worked together in the past, doing pioneering work in the security software space and have already signed on with leading enterprise customers. We are delighted to partner with Nikhil and his team on their journey.

Today’s AppSec teams, outnumbered by up to 100:1 by developers, depend on a mix of ad hoc security products and siled manual processes. This prevents them from gaining the visibility, insights, and process scale needed to identify and protect the risk surface of ever-changing and ever-growing applications.

“ArmorCode gives us insight into our security posture across all applications, APIs, and microservices in our environment, allowing us to avoid blind spots and improve security,” said Sitaraman Lakshminarayanan, chief architecture officer of security from Guardant Health. “Having this additional information along with the automation of workflows significantly reduces our costs associated with remediating vulnerabilities and allows us to provide a safe and secure service to our customers.

“Enterprise applications have created a new set of security challenges, leaving the door wide open to cyber risks and attacks. The ArmorCode AppSecOps Platform, with its 80+ out-of-the-box integrations, simplifies the process of shipping applications securely with a single platform, consolidating information from multiple AppSec tools and scaling processes DevSecOps needed to track and manage risk,” said Nikhil Gupta, co-founder and CEO of ArmorCode. “With this new funding, we will expand our leadership position. We will invest in go-to-market initiatives to democratize application security and enable organizations of all sizes to ship applications securely and quickly.

To learn more about ArmorCode, please visit:armorcode.com

About ArmorCode

ArmorCode is an AppSecOps company. Our mission is to democratize application security; by transforming application security into a scalable and cost-effective DevSecOps process, securing applications upon delivery. We develop, sell, and provide businesses with the industry-leading AppSecOps platform, plus the expertise, support, and community they need to succeed. ArmorCode customers use the platform for AppSec posture, vulnerability and compliance management and DevSecOps workflow automation. To learn more, please visitwww.armorcode.comand follow us onTwitterandLinkedIn.

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