What is Black Duck Software?
Black Duck Software is recognized as the market leader in application security testing (AST). The company provides a robust and comprehensive suite of application security (AppSec) solutions, empowering organizations globally to enhance their software's security posture. With a focus on flexibility, openness, and extensive coverage, Black Duck addresses the evolving landscape of software development, assurance, and risk management, enabling businesses to maintain pace with industry advancements and regulatory requirements.
How much funding has Black Duck Software raised?
Black Duck Software has raised a total of $75.7M across 8 funding rounds:
Series B
$12M
Series C
$12M
Series D
$9.5M
Series E
$12M
Series F
$20M
Series G
$5M
Debt
$150K
Series B (2005): $12M led by Fidelity Ventures, General Catalyst Partners, Red Hat, Flagship Ventures, Intel Capital, and SAP Ventures
Series C (2007): $12M supported by Fidelity Ventures, SAP Ventures, General Catalyst Partners, Flagship Ventures, Focus Ventures, and Intel Capital
Series D (2009): $9.5M featuring Fidelity Ventures, Gold Hill Capital, General Catalyst Partners, Red Hat, SAP Ventures, Focus Ventures, Intel Capital, and Flagship Ventures
Series E (2011): $12M backed by Intel Capital, Sapphire Ventures, Split Rock Partners, Flagship Pioneering, Red Hat, Volition Capital, General Catalyst, SAP, and Focus Ventures
Series F (2014): $20M with participation from General Catalyst Venture Partners
Series G (2015): $5M led by Siemens
Debt (2020): $150K supported by PPP
Key Investors in Black Duck Software
Intel Capital
Intel Capital, a division of Intel, invests in innovative startups across various technology sectors including AI, autonomous vehicles, and cloud computing. They are known for curating business development introductions for their portfolio companies.
Sapphire Ventures
Sapphire Ventures is a venture capital firm based in Palo Alto, California, specializing in investments within the technology sector and providing services to technology companies.
Split Rock Partners
Split Rock Partners is a venture capital firm that invests in leading software, internet services, and healthcare companies across all development stages, with a focus on cloud services and enterprise software.
What's next for Black Duck Software?
The recent strategic investment signals a pivotal phase for Black Duck Software, likely aimed at accelerating product development, expanding market reach, and further solidifying its leadership in the application security domain. This capital infusion is expected to fuel innovation in its AST solutions, potentially leading to enhanced capabilities in areas such as open-source security, license compliance, and automated security testing. The company's trajectory suggests a continued focus on empowering enterprises to manage software risks effectively and build secure applications in an increasingly complex digital environment.
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