Veracode Raises $12m in Expansion Capital
Summary
The investment was led by New York-based StarVest Partners, with particpation from existing investors Atlas Venture and .406 Ventures.Commenting on the funding, Matt Moynahan, CEO of the company, wasquoted as saying: “New investment from StarVest, Atlas and .406 will allow us to expand sales and marketing efforts and production capacity to meet the growing demand stemming from the increasingly organized attacks on insecure software”.Veracode also announced that its revenues grew almost 300% from 2008 to 2009.
Funding
Amount
$12.3M
Total raised
Date
February 8, 2010
Announcement date
Investors
.406 Ventures
Lead investors
Company
http://www.veracode.com
Funded company
Classifications
industries
No industries detected
applications
Audit
AskAI Classifications
Labels
Application Security Software
Software as a Service (SaaS)
Application Risk Management
Linked Companies
Veracode
$100M to $250M