ForAllSecure, an application security testing startup, said this week that it has closed a $21 million Series B investment round, bringing the company’s total funding to $36 million.
Koch Disruptive Technologies (KDT) and New Enterprise Associates lead the funding round (NEA).
ForAllSecure, which was founded a decade ago with the goal of automating software testing to increase security, now serves Fortune 1000 firms in industries including aerospace, automotive, and high-tech, as well as the US military.
The company’s self-contained security testing platform, dubbed Mayhem, incorporates security testing into continuous operations to boost productivity.
ForAllSecure intends to utilise the funds to expand its operations, hire additional employees, and develop a solution to assist protect open source projects that businesses all around the world rely on.
“We created ForAllSecure to automatically evaluate programmes in the same way that attackers do, before they can do it themselves.” ForAllSecure allows security to’shift-left’ and detect problems early, often, and cheaply. “Now is the time to totally automate application security,” stated David Brumley, CEO and co-founder of ForAllSecure.