Security Experts:

Application Security Firm ShiftLeft Raises $29 Million

Application security firm ShiftLeft on Tuesday announced that it has received $29 million in expansion capital funding, which brings the total raised by the company to over $58 million.

The new funding round was led by Blackstone Innovations Investments and SYN Ventures, with participation from previous investors.

Founded in 2016, the Santa Clara, California-based company offers an application security testing platform designed to analyze applications as a whole, by simulating an attacker’s compromise attempts, instead of dissecting each app component separately.

ShiftLeft plans to use the new funding to hire aggressively across departments and expand marketing and sales efforts, and will also invest in product development, with the addition of support for cloud native architectures.

“By quickly identifying the most ‘attackable’ vulnerabilities and recommending fixes while also showing developers the vulnerable data path specific to their applications, ShiftLeft not only streamlines security but also teaches developers how to write secure code,” SYN managing partner Jay Leek said.

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