NowSecure raises $15 million to automate mobile app security and privacy testing

Funding Rounds

Summary

Forever fighting the tide of malicious apps is an exhausting task, but companies like security– and privacy-testing solutions provider NowSecure are raising capital to develop load-lightening tools. ForgePoint has the right mix of veteran leadership, industry relationships, and successful track record across their security portfolio to support NowSecure.” NowSecure offers a range of solutions built on open source platforms (principally Frida, Radare, and Capstone) that run on-premises or in the cloud, plus expert professional penetration testing and managed services. NowSecure offers a robust API that enables devs to kick off security tests automatically post-build and populate results into ticket-tracking systems. Moreover, they can map test findings to a vulnerability scoring system that takes into account common regulatory compliance mandates, including OWASP, NIAP, FFIEC, PCI DSS, HIPAA, GDPR, CWE, and more. The company’s customers include recognizable brands like Capital One, Carfax, Citi, Concur, Emerson, The Home Depot, Humana, Kaiser Permanente, Kellogg’s, Motorola Mobility, Shell, and Synchrony.

$ Funding

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Amount $15.0M Total raised
Date June 28, 2019 Announcement date
Investors Trident Capital Cybersecurity, Jump Capital, Gartner, MATH Venture Partners Lead investors
Company http://www.nowsecure.com Funded company

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
Mobile Application Security Software Development SaaS

Linked Companies

NowSecure
$10M to $25M