What is Veracode?
Founded in 2006 and headquartered in Burlington, Massachusetts, Veracode specializes in providing Software as a Service (SaaS) application security solutions. The company's core offering integrates comprehensive application analysis directly into development pipelines, enabling organizations to identify and remediate security vulnerabilities early in the software development lifecycle. This proactive approach is crucial in today's landscape where application security is paramount for protecting sensitive data and maintaining business continuity. Veracode's technology aims to streamline security testing, making it an integral part of the DevOps process.
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 Atlas Ventures and Polaris Partners
Series B (2007): $19.5M led by .406 Ventures, Atlas Venture, and Polaris Partners
Series C (2009): $5M supported by Symantec Corp, Rovi Corporation, In-Q-Tel, Atlas Venture, Polaris Partners, and .406 Ventures
Private Equity (2010): $12.3M, investors not publicly disclosed
Private Equity (2012): $30M backed by Startup Capital Ventures, Atlas Venture, Meritech, and .406 Ventures
Private Equity (2014): $40M with participation from Atlas Venture, Wellington Management, and .406 Ventures
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 substantial investment, Veracode is well-positioned for continued growth and innovation in the application security sector. The company's sustained access to capital, indicated by its major enterprise-level funding, suggests a strategic focus on expanding its market reach, enhancing its product suite, and potentially pursuing acquisitions. Future developments are likely to center on advancing its AI-driven security analytics, broadening its support for diverse development environments, and strengthening its partnerships to address the evolving threat landscape. Veracode's trajectory points towards solidifying its role as a leader in securing the software supply chain.
See full Veracode company page
