Software Protection Company Contrast Security Closes $65 Million
Contrast Security, a company embedding vulnerability analysis and exploit prevention directly into modern software, completed a $65 million Series D funding round led by new investor Warburg Pincus. Existing investors Battery Ventures, General Catalyst, M12 (Microsoft’s Venture Fund), AXA Venture Partners, and Acero Capital also participated in the oversubscribed round, which brings the company’s total funding to $122 million.
According to the company, businesses developing software using Agile, DevOps, microservices, APIs, cloud-native apps, and PaaS environments create challenges with legacy software security tools. Contrast Security’s approach leverages patented binary instrumentation to protect applications at every point in their lifecycle, protecting the integrity of the business with innovative security safeguards built directly into the software as they are developed and deployed.
The company plans to use the funding to accelerate its technology innovation, field operations, international expansion, and customer-success team growth.