Cycode raises $20M to secure DevOps pipelines
Israeli security startup Cycode, which specializes in helping enterprises secure their DevOps pipelines and prevent code tampering, today announced that it has raised a $20 million Series A funding round led by Insight Partners. Seed investorYL Ventures also participated in this round, which brings the total funding in the company to $24.6 million.
Cycode’s focus was squarely on securing source code in its early days, but thanks to the advent of infrastructure as code (IaC), policies as code and similar processes, it has expanded its scope. In this context, it’s worth noting that Cycode’s tools are language and use case agnostic. To its tools, code is code.
Cycode, a Tel Aviv, Israel and San Francisco, CA-based company securing DevOps pipelines, raised $20m in Series A funding.
The round, which brought total investment to $25m, was led by Insight Partners, with participation from seed investor YL Ventures. In conjunction with the funding, Jon Rosenbaum, principal at Insight Partners, will join Cycode’s board of directors.
The company intends to use the funds to further accelerate growth.
Led by Lior Levy, CEO, and Ronen Slavin, CTO, Cycode protects DevOps tools such as source control management systems, build systems, registries and cloud infrastructure. The solution addresses multiple layers of security, including access and authorization, security configurations, compliance and scanning engines. This enables customers to identify code tampering, code leakage, hardcoded secrets, Infrastructure as Code (IaC) misconfigurations, excess privileges and more, all from a single platform.
Cycode Raises $20 Million Series A Round From Insight Partners
SAN FRANCISCO, May 11, 2021 Cycode, an innovator in securing DevOps pipelines, today announced a $20 million Series A round led by Insight Partners, with participation from seed investor, YL Ventures. The new funding brings total investment to $25 million and positions Cycode to accelerate growth into securing enterprise DevOps tools such as source control management systems, build systems and cloud infrastructure.
In addition to the Series A funding, Cycode also announced the signing of new customers including: Grubhub, Databricks, Flexport, Rapyd, Copart and Cobalt. Further, Cycode has hired Dor Atias as VP of R&D, Tom Kennedy as VP of Sales and Andrew Fife as VP of Marketing.
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