Contrast Security Announces $150 Million Series E Funding Round
Unlike other manufacturers, Contrast Security does not just focus on the hardware. They also focus on the software and how it can be used to secure applications. They are a leader in this area. They are also a company that is investing in acquisitions and new technologies to help protect their customers’ applications.
Funding round details
Having just completed a $150 million Series E round of funding led by Liberty Strategic Capital, Contrast Security is well-positioned to continue its growth and to execute on its strategic opportunities. The company plans to use its capital to scale its network, improve validation quality and expand its membership.
Contrast Security is a software company that provides an application security platform. The company’s technologies can be embedded into applications to detect vulnerabilities and help companies write secure application code faster. The company also offers software deployment tools that help companies automate software deployment. It has a customer base that includes DocuSign, BMW and the American Red Cross. The company’s technology also helps companies identify and eliminate security roadblocks inefficiencies.
The company has a total of $269 million in funding, which includes investments from Warburg Pincus, Battery Ventures and General Catalyst. The company plans to use its funding to help it accelerate global growth and execute on its strategic opportunities.
Using an automated, scalable and nimble code security solution, Contrast helps software driven companies get secure code moving faster. They are the only company in the world that provides code security as a service. Their solution reduces cyber risk, increases developer productivity and speeds time to market. It also provides context-specific guidance for vulnerable code remediation. The product is available through its network of over ten thousand developers, and partners with industry leaders such as Microsoft, Google, VMware and AWS.
One of the coolest features of the Contrast solution is its ability to provide context-specific guidance for vulnerable code. It allows software developers to quickly pinpoint the most important vulnerabilities in their code, and automatically recommends the best remediation strategy. This enables software driven companies to quickly and effectively implement code security while also improving developer productivity and speeding time to market. The company has also been named as one of Inc. magazine’s “best workplaces” for 2020.
During its Series E funding round, Contrast Security raised $150 million led by Liberty Strategic Capital. The funding round brought the company’s valuation to more than $1 billion. Contrast Security plans to use the money to accelerate global expansion, as well as to make strategic acquisitions.
Contrast Security’s platform reduces cyber risk by detecting security vulnerabilities in applications. The technology also decreases time to market and improves developer productivity. The company’s customers include DocuSign, the American Red Cross and BMW. It has grown rapidly in the Asia-Pacific region, and has a presence in Europe, Middle East and Africa (EMEA) Urdughr.
The company’s technology relies on a method called “deep security instrumentation” to identify security vulnerabilities in code. Contrast’s agents are embedded in web browsers, runtime libraries and app servers. It also uses binary instrumentation to detect vulnerabilities in data layers and user libraries. These modules can be installed in just a few minutes.
Contrast Security also focuses on DevOps and cloud-native applications. The company’s technology partners include Google, AWS and Microsoft. It also participates in the M-12 Fund from Microsoft and General Catalyst.