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Effective URL: https://techcrunch.com/2021/11/30/cycode-raises-56m-series-b-to-help-secure-software-supply-chains/
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TechCrunch Login Join TechCrunch+ Searchsearch * TC Sessions: Space * Gift Guide * Startups * Videos * Audio * Newsletters * TechCrunch+ * Advertise * Events * More Close Screen CYCODE RAISES $56M SERIES B TO HELP SECURE SOFTWARE SUPPLY CHAINS Frederic Lardinois@fredericl / Invalid DateTime• comment Comment cameraImage Credits: Cycode Cycode, a startup that helps businesses secure their DevOps pipelines and software supply chains, today announced that it has raised a $56 million Series B funding round led by Insight Partners. YL Ventures, which led the company’s seed round, also participated in this round, which brings the total investment into the company to $81 million, including the $20 million Series A round it announced about half a year ago. The company argues that this is one of the largest funding rounds in the application security space. In part, that’s surely driven by the fact that the company was also able to show its investors some impressive growth numbers, with its ARR increasing 7x in the first three quarters of this year. Cycode co-founder and CEO Lior Levy noted that the company’s growth is driven by an increased awareness of supply chain attacks and incidents, including the SolarWinds breach, as well as President Biden’s executive order on improving the U.S.’s cybersecurity stance, which specifically calls out supply chain attacks. And while Cycode launched with a focus on securing the source code of a business’ applications, today’s trend toward “infrastructure as code” has allowed it to significantly widen its scope. “Code has become the engine of the organization,” Levy said. “As it automates the entire software development lifecycle, it really created a need to look at everything from a holistic perspective, which we do.” Image Credits: Cycode Levy noted that Cycode’s userbase includes Fortune 100 companies and small startups with fewer than 100 employees. “All of them have one thing in common: they all develop software and they all have software as part of their core, whether it’s being a software-enabled business or as a vendor. But given that everyone does software today, everyone is a potential customer.” In recent months, Cycode launched its Knowledge Graph, which helps it connect all of a company’s DevOps tools and infrastructure services to build a map of a customer’s potential attack surfaces. Levy noted that this now allows the company to think like an attacker by being able to identify issues across a company’s software pipeline instead of only focusing on individual services. Image Credits: Cycode “Simply put, software supply chains are highly vulnerable absent thoughtful security measures,” said Jon Rosenbaum, principal at Insight Partners. “Cycode’s leadership in securing DevOps pipelines meets developers where they are while giving CISO’s peace of mind. There has been a continually increasing demand for Cycode’s solutions, and we’re excited to continue to support the business as it doubles down on R&D and go-to-market efforts into the ScaleUp phase of growth.” Cycode currently has just under 60 employees, with plans for doubling that by the middle of next year, including an expanded sales and marketing team in the U.S. > Cycode raises $4.6M seed round to keep your source code safe > Cycode raises $20M to secure DevOps pipelines More TechCrunch INDIA'S SLICE BECOMES UNICORN WITH $220M FUNDING FROM TIGER GLOBAL, INSIGHT PARTNERS AND ADVENT SQUARE IS CHANGING ITS NAME TO BLOCK AHEAD OF PUBLIC MARKET DEBUT, BETTER.COM LAYS OFF 9% OF ITS STAFF INVESTORS SHARE HOW INFRASTRUCTURE AS CODE IS TAKING OVER DEVOPS close PLEASE LOGIN TO COMMENT Login / Create Account SIGN UP FOR NEWSLETTERS See all newsletters(opens in a new window) Daily Week in Review Startups Weekly Event Updates Advertising Updates TechCrunch+ Announcements TechCrunch+ Events TechCrunch+ Roundup EmailSubscribe facebook(opens in a new window)twitter(opens in a new window)linkedin(opens in a new window)mail(opens in a new window)Copy Share LinkCopy Share Link checkmarkCopy TAGS * TC * agile software development * biden * computer security * computing * cycode * devops * executive * Information technology * Insight Partners * president CYCODE RAISES $56M SERIES B TO HELP SECURE SOFTWARE SUPPLY CHAINS Frederic Lardinois Invalid DateTime• Cycode, a startup that helps businesses secure their DevOps pipelines and software supply chains, today announced that it has raised a $56 million Series B funding round led by Insight Partners. YL... KAKAO MOBILITY PICKS UP ADDITIONAL $55M FUNDING AT OVER $4.2B VALUATION Kate Park Invalid DateTime• Kakao Mobility, the South Korea-based mobility as a service (MaaS) startup behind Kakao T, a ride-hailing app, said it has raised an additional $55 million (65 billion won) from strategic investor ... TechCrunch plus-bold 4 ANALYSTS BREAK DOWN BRET TAYLOR’S PRETTY SWEET WEEK Ron Miller Invalid DateTime• Bret Taylor finds himself in a unique position in Silicon Valley: in just one week at age 42, he’s accepted substantial positions at two tech powerhouses. IF WE CAN’T DESIGN AUTONOMOUS ROBOTS, MAYBE THEY CAN DESIGN THEMSELVES Gideon Kimbrell Invalid DateTime• Delivering a humanoid robot capable of independently venturing out into public is likely a long way off. 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American Express (Amex) announced today that it plans to partner with Opy, the U.S. subsidiary of Aust... AHEAD OF PUBLIC MARKET DEBUT, BETTER.COM LAYS OFF 9% OF ITS STAFF Mary Ann Azevedo Invalid DateTime• One day after announcing an amendment to its SPAC agreement, digital mortgage lender Better.com confirmed today that it is laying off roughly 9% of its nearly 10,000 person staff. Doing the math, t... TechCrunch plus-bold HOW TO EXECUTE AN AMPLIFIED MARKETING STRATEGY Lindsay Tjepkema Invalid DateTime• Marketers need a new plan of action that puts creativity before quantity, audience before engine, and sets connection as the top priority. They need an amplified marketing strategy. AMAZON LEX BRINGS AUTOMATED CALL TRANSCRIPT REVIEW TO CHATBOT BUILDING Ron Miller Invalid DateTime• Today, at AWS re:Invent in Las Vegas, the company announced the Amazon Lex automated chat bot designer in preview, a new feature that simplifies the chatbot training and design process by bringing ... 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SOUNDING BOARD LANDS SERIES B TO MOVE COACHING BEYOND SERVICES AND INTO SAAS Natasha Mascarenhas Invalid DateTime• Sounding Board, which started as a platform to connect leaders to coaches through a marketplace, realized early in the pandemic that mentorship needs a refresh. “We’ve always delivered coachi... PHASE FOUR AIMS TO ROLL OUT ITS NEXT-GEN PLASMA THRUSTER IN THE FIRST HALF OF 2022 Aria Alamalhodaei Invalid DateTime• Space startup Phase Four will be rolling out the next generation of its Maxwell radio-frequency plasma propulsion system next year, which the company says offers key performance improvements to all... AWS LAUNCHES SAGEMAKER STUDIO LAB, A FREE TOOL FOR LEARNING MACHINE LEARNING Frederic Lardinois Invalid DateTime• At its re:Invent conference, AWS today announced SageMaker Studio Lab, a free service to help developers learn machine learning techniques and experiment with the technology. Studio Lab provides us... AI PROVES A DAB HAND AT PURE MATHEMATICS AND PROTEIN HALLUCINATION Devin Coldewey Invalid DateTime• One of the reasons artificial intelligence is such an interesting field is that pretty much no one knows what it might turn out to be good at. Two papers by leading labs published in the journal Na... * About * TechCrunch * Staff * Contact Us * Advertise * Legal * Privacy Policy * Terms of Service * TechCrunch+ Terms * Code of Conduct * About Our Ads * International * Japan FacebookFacebook(opens in a new window)TwitterTwitter(opens in a new window)YouTubeYouTube(opens in a new window)InstagramInstagram(opens in a new window)LinkedInLinkedIn(opens in a new window) © 2021 Yahoo.All rights reserved.Powered by WordPress VIP(opens in a new window).