Security Experts:

Application Security Firm ForAllSecure Raises $21 Million

Application security testing firm ForAllSecure this week announced that it has closed a $21 million Series B investment round that brings the total raised by the company to $36 million.

The funding round was co-led by Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA).

Founded a decade ago, ForAllSecure is focused on automating software testing to improve security, and already serves Fortune 1000 companies in sectors such as aerospace, automotive, and high-tech, as well as the US military.

Named Mayhem, the company’s autonomous security testing platform, integrates security testing into continuous workflows, to improve productivity.

ForAllSecure plans to use the funding to accelerate growth, hire new talent, and build a solution that would help secure open source projects that businesses worldwide depend on.

“We started ForAllSecure to automatically test apps the same way attackers will, before attackers can. ForAllSecure enables security to ‘shift-left’ and find issues early, often and cost-effectively. The time to fully automate application security is now,” ForAllSecure CEO and co-founder David Brumley said.

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