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Application Security Firm StackHawk Bags $20.7 Million in Series B Funding

Application security startup StackHawk today announced that it has raised $20.7 million in Series B funding, which brings the total investment in the company to $35.3 million.

The funding round was co-led by Sapphire Ventures and Costanoa Ventures, with additional investment from Foundry Group and other investors.

Founded in 2019, the Denver, Colorado-based company has developed a platform that helps organizations eliminate software vulnerabilities with automated application and API security testing.

The new funding, the company says, will help it accelerate product development and continue rapid growth.

“There is a serious gap for modern tooling that helps teams efficiently deliver secure applications,” said David Hartwig, partner at Sapphire Ventures and a board director at StackHawk. “In the same way CI/CD has revolutionized how developers deliver quality applications, StackHawk is ensuring security testing is an extension of the process, making security part of the code quality discussion for developers.”

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