Security Experts:

Connect with us

Hi, what are you looking for?


Application Security

Application Security Firm Contrast Security Raises $65 Million

California-based application security company Contrast Security on Thursday announced that it raised $65 million in a Series D funding round, which brings the total raised by the firm to $122 million.

California-based application security company Contrast Security on Thursday announced that it raised $65 million in a Series D funding round, which brings the total raised by the firm to $122 million.

The round was led by Warburg Pincus, with participation from existing investors Battery Ventures, General Catalyst, Microsoft’s M12 venture fund, AXA Venture Partners and Acero Capital.

Contrast says there has been an increasing demand for its solutions, and it plans on using the newly obtained funds to accelerate technology innovation, field operations and international expansion.

Contrast SecurityThe company’s solutions are designed to protect applications throughout their lifecycle, regardless of the development techniques (DevOps, Waterfall, Agile) and technologies they use (cloud, open source, containers), by embedding vulnerability analysis and exploit prevention mechanisms directly into the software.

Contrast says 520 new companies started using its solutions last year, and claims to have had a 500 percent year-over-year growth in the number of transactions of at least $1 million. The firm says its products helped identify over 1.9 million vulnerabilities and protected customers against 52 million application attacks.

“Everything about software today is different, from the increased dependence on third-party and open source components, to microservices and API-centric architectures, and complex cloud deployments,” said Alan Naumann, CEO of Contrast Security. “However, many companies are still trying to rely on 15-year-old legacy security tools for their modern software stacks. This approach leaves them with restricted software development capabilities or living with substantial enterprise risk of a data breach.”

Contrast Security recently launched Community Edition, a free DevSecOps solution that helps small development, security and operations teams that create Java apps and APIs identify common vulnerabilities in their products.

Related: Contrast Security Releases Free Vulnerability Detection Plugin for Eclipse

Related: Application Security Firm ShiftLeft Raises $20 Million

Related: Web App Security Firm Signal Sciences Raises $35 Million

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.


Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.

Application Security

Drupal released updates that resolve four vulnerabilities in Drupal core and three plugins.

Application Security

A CSRF vulnerability in the source control management (SCM) service Kudu could be exploited to achieve remote code execution in multiple Azure services.

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.

Application Security

PayPal is alerting roughly 35,000 individuals that their accounts have been targeted in a credential stuffing campaign.