What is Veracode?
Veracode operates as a key player in the application security sector, providing Software-as-a-Service (SaaS) solutions designed to embed security practices directly into the software development lifecycle. This approach is crucial for enterprises aiming to mitigate risks associated with vulnerabilities in their applications. The company's offerings enable developers and security teams to identify and remediate security flaws early in the development process, thereby enhancing the overall security posture of their software products and services. Veracode's commitment to this space positions it as a vital partner for organizations navigating the complexities of modern cybersecurity threats.
How much funding has Veracode raised?
Veracode has raised a total of $114.3M across 6 funding rounds:
Series A
$7.5M
Series B
$19.5M
Series C
$5M
Private Equity
$12.3M
Private Equity
$30M
Private Equity
$40M
Series A (2006): $7.5M with participation from Polaris Partners and Atlas Ventures
Series B (2007): $19.5M led by Atlas Venture, .406 Ventures, and Polaris Partners
Series C (2009): $5M supported by .406 Ventures, Polaris Partners, In-Q-Tel, Symantec Corp, Atlas Venture, and Rovi Corporation
Private Equity (2010): $12.3M, investors not publicly disclosed
Private Equity (2012): $30M backed by Startup Capital Ventures, .406 Ventures, Meritech, and Atlas Venture
Private Equity (2014): $40M with participation from .406 Ventures, Atlas Venture, and Wellington Management
Key Investors in Veracode
.406 Ventures
.406 Ventures is a venture capital firm that partners with early-stage companies demonstrating home run potential, particularly in the fields of healthcare, data and AI, and cybersecurity. With nearly 20 years of experience, they focus on building strong relationships with founders to help transform their businesses into industry leaders.
Atlas Venture
Atlas Venture is a pioneering early-stage venture capital firm focused on creating and building breakthrough biotechnology companies that translate cutting-edge science into life-changing medicines. The firm partners with exceptional life science entrepreneurs to support the launch and growth of innovative biotech startups.
Polaris Partners
Polaris Partners is a venture capital firm that specializes in backing transformational companies in the biotech and healthcare sectors. With over two decades of experience, they partner with entrepreneurs to create successful business solutions, providing coaching, advice, and resources for growth.
What's next for Veracode?
With a history of significant investment, Veracode is well-positioned for continued expansion and technological advancement in the application security market. The enterprise-level funding context suggests a focus on scaling operations, enhancing product capabilities, and potentially exploring new market segments or strategic acquisitions. Future developments are likely to center on further integrating AI and machine learning into its analysis tools, expanding its cloud-native offerings, and strengthening its ability to address emerging threats in complex software ecosystems. This strategic financial backing provides the resources necessary to maintain a competitive edge and address the evolving demands of global cybersecurity.
See full Veracode company page
