What is Cycode?
Cycode offers a comprehensive software supply chain security solution designed to provide end-to-end visibility, security, and integrity across all stages of the Software Development Life Cycle (SDLC). The platform leverages a proprietary Knowledge Graph to contextualize data from various Application Security (AppSec) tools, thereby enhancing accuracy and reducing the Mean Time To Remediation (MTTR). By integrating and correlating data from the top eight AppSec tools, Cycode delivers novel capabilities such as Pipeline Composition Analysis. This feature identifies vulnerable dependencies and security flaws that might be missed by traditional tools like Software Composition Analysis (SCA) and Static Application Security Testing (SAST), pinpointing threats and prioritizing them based on exploitability across the entire SDLC.
How much funding has Cycode raised?
Cycode has raised a total of $182.6M across 4 funding rounds:
Angel/Seed
$4.6M
Series A
$20M
Series B
$56M
Private Equity
$102M
Angel/Seed (2019): $4.6M with participation from Andy Grolnick, Mike Fey, Eyal Gruner, YL Ventures, and Justin Somaini
Series A (2021): $20M led by Insight Partners and YL Ventures
Series B (2021): $56M supported by Insight Partners
Private Equity (2024): $102M featuring Rally Ventures, General Catalyst, and Costanoa Ventures
Key Investors in Cycode
Rally Ventures
Rally Ventures is a venture capital firm specializing in early-stage business technology companies, with a particular focus on AI/ML, cybersecurity, fintech, and SaaS+. They provide strategic resources and global expertise to foster growth in high-potential B2B technology firms.
General Catalyst
General Catalyst is a venture capital firm that backs entrepreneurs and management teams with ambitious visions across technology, healthcare, financial services, and enterprise software, providing strategic capital and operational support to build enduring enterprises.
Costanoa Ventures
Costanoa Ventures partners with founders of enterprise software companies, offering long-term operational expertise and engagement to help them navigate company development and realize their visions.
What's next for Cycode?
The substantial enterprise-level funding, particularly the recent strategic investment, signals Cycode's readiness to scale its operations and further innovate within the cybersecurity domain. This capital infusion is expected to fuel product development, enhance go-to-market strategies, and potentially expand its global reach. The company's focus on securing the software supply chain addresses a critical vulnerability for enterprises, suggesting a strategic direction towards becoming a dominant player in this specialized segment of the cybersecurity market. Future developments will likely involve deeper integration with development workflows and broader adoption of its comprehensive AppSec platform.
See full Cycode company page
