Application security firm DefectDojo today announced raising $7 million in a Series A funding round led by Iolar Ventures and Aspenwood Ventures.
The Austin, Texas-based company has built an open source platform for managing and improving application security that automates workflows, aggregates data from various security tools, and delivers actionable insights.
The company’s solution also provides comprehensive vulnerability management capabilities, helping customers identify, track, and resolve security defects across their entire stack and across all stages, including builds, releases, repositories, and endpoints.
Using DefectDojo’s unified command center, DevSecOps teams can automate vulnerability triage, SLA management, risk acceptance, and other critical tasks.
The company also offers a Pro edition of its platform, which delivers enterprise scalability, better visualization, extra features, and premium support.
According to DefectDojo, its solution has more than 38 million downloads and offers integrations with over 180 security tools. It is used by banks, Fortune 10 companies, government agencies, and other organizations.
The company will invest the new funds in innovation, product development, and market expansion. Committed to its open source roots, it will also continue to invest in its community-driven platform.
“We first began our open source community over ten years ago to reduce the repetitive, mundane tasks that take away from security professionals’ ability to operate strategically and meet the needs of a rapidly evolving threat landscape. As we continue to develop our DevSecOps platform, security will be able to scale far beyond what is possible today to stay one step ahead of tomorrow’s bad actors,” DefectDojo founder and CEO Greg Anderson said.
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