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Today, Apple announced that it has added $8 million to its seed round of funding to further expand its AppSecOps platform, which combines multiple application security solutions and integrations into a unified offering.
ArmorCode's seed round for $11 million will be used to expand its go-to-market efforts, as well as supporting product development. Customers for ArmorCode so far include Guardant Health, ChargePoint, Shutterfly, and Nirmata.
Centralizing application security
ArmorCode claims that its platform's core capabilities are in application security posture management, according to a term used by the company and several other vendors.
According to ArmorCode, application security posture management centralizes app security findings from tools for static application security testing (SAST), dynamic application security testing (DAST) and software composition analysis (SCA). The solution also prioritizes the findings, reduces triage time, and serves as a record for application security findings and remediation.
Nikhil Gupta, the founder and CEO of ArmorCode, said in an email that it provides integrations with more than 80 security, development, and operational capabilities out-of-the-box.
ArmorCode's platform merges its application security posture management solution with other capabilities, including vulnerability management, continuous compliance, and workflow automation for (development, security, and operations).
Teams are able to control their AppSec chaos, reduce risk, and achieve AppSec operational efficiency, according to Gupta.
Blind spots are not avoided by eliminating them.
In a news release, Sitaraman Lakshminarayanan, the head of security architecture at Guardant Health, said that the ArmorCode platform "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."
In the release, Gaining these insights, combined with workflow automation, "significantly reduces our costs associated with fixing vulnerabilities and allows us to provide a safe and secure service for our customers."
ArmorCode was founded in July 2020 by Gupta and Chief Technology Officer Anant Misra, previously a CEO at FabHotels. Gupta previously an executive at ForeScout, VMware, and Cisco had most recently cofounded and served as the CEO of Avid Secure, acquired by Sophos in 2019.
In May 2021, ArmorCode eluded theft and launched its platform into general availability.
According to Gupta, some of the top companies in the space are Enso, Threadfix (acquired by Coalfire) and CodeDx (acquired by Synopsys).
ArmorCode isn't the only platform to enable organizations to scale application security postures, compliance and vulnerability management, according to the group. DevSecOps workflow automation are all from a single platform, according to the author.
Growth funding is backed by investors.
Cervin Ventures funded the additional seed funding, which included investments from Sierra Ventures which had been responsible for the startup's initial funding that was announced last May and Tau Ventures.
ArmorCode plans to expand its workforce from 50 to 75 in the next six months with the help of the company, according to Gupta.
ArmorCode intends to expand its capabilities around providing insights and automation to better streamline DevSecOps orchestration while improving application security overall.
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