ArmorCode raises $40M to consolidate security data in one place
Summary
ArmorCode, a cybersecurity platform that gathers vulnerability data from connected apps and software infrastructure, consolidating the data into a single location and standardizing it for analysis, has raised $40 million in a Series B round led by HighlandX with participation from NGP Capital, Ballistic Ventures, Sierra Ventures and Cervin. Bringing ArmorCode’s total raised to $65 million, the proceeds will be put toward bolstering the startup’s go-to-market efforts and expanding its product and engineering teams, co-founder and CEO Nikhil Gupta told TechCrunch in an email interview. They’ll also be used to support the addition of new AI and software supply chain capabilities and grow ArmorCode’s partnerships in new geographies, specifically Europe, Gupta continued. Gupta says he started ArmorCode after observing the uptick in software exploit attacks — and the corresponding growth in the demand for defensive solutions. “We started ArmorCode in the middle of the pandemic because we understood that the need for software security was going to be more prominent than ever as a result of the acceleration of digital transformation.”