Elevate Xchange DFW NOV 30 Holiday Party
(All content copied from ArmorCode website except the video)
Elevate Xchange NOV 30 Holiday Party with MEET Josh Peltz & Jason Stutt with ArmorCode and an Elevate Xchange Executive Sponsor Member (https://www.armorecode.com)
ANNOUNCEMENT: from Nikhil Gupta, CEO and Founder, December 4, 2023
Taking Software Security to New Heights: Unifying AppSec and Vulnerability Management
Today, I am happy to announce that ArmorCode has closed our preemptive Series B funding of $40 million, taking our overall funding to $65 million. In this blog, I share how we got here and what the future holds. I started writing software at Bell Labs with the father of Unix 25 years ago. At the time, there was no open source; we used monolithic architecture and used waterfall methodologies with annual releases.
Now, over 80% of software is open source, and in many companies, software is released multiple times a day, even in mission-critical applications. The world of software delivery has fundamentally changed. But software security has not kept pace. This needs to change. And it must change now.
We founded ArmorCode with one core mission: to democratize and simplify software security. We founded the company during the height of the pandemic in July 2020, driven by two key trends: Digital transformation was accelerating. We have seen that happen over the past three years, and the pandemic pushed this into overdrive. Cashless payments, remote work, telehealth with virtual visits, etc., are all outcomes of this.
Now, every company is a software company, and software has driven changes worldwide and in every industry. At the same time, securing all of this software was, and continues to be, an unsolved problem. Vulnerabilities perpetually slip through the gaps between siloed tools, disjointed workflows, and disconnected teams. Significant challenges are standing in the way of democratizing software security and making it central to software delivery for every company of every size.
To validate the hypothesis, I spoke with over 200+ security leaders, and the common consensus was that we didn’t need “yet another security scanning tool.” We needed a unified platform approach that would work with any security scanner of any type and from any vendor. And this platform needed to seamlessly integrate with any software delivery ecosystem to provide teams with a streamlined way to identify and remediate their most critical software risks.
That’s why the ArmorCode approach has created a unified platform that empowers customers to manage business risk by bringing application security and infrastructure vulnerability management together. This approach empowers our customers to manage business risk effectively. Brian Pitts, Senior Director, Product Security at Johnson Controls said “Johnson Controls has been pleased to work with ArmorCode to mature and scale our product security program.
The ArmorCode platform gives us clear and unified visibility across applications and security tools-identifying the most business-critical vulnerabilities our teams should be focused on. ArmorCode’s risk-based prioritization and workflow automation are integral to our secure software development process. We look forward to our continued collaboration as these new investments accelerate ArmorCode’s innovation, which in turn strengthen Johnson Controls’ ability to securely accelerate software delivery.``
In a short span of three and half years, with several Fortune 500 customers, two out of four Big 4 consulting companies as partners, four billion+ findings processed by our platform, and 200+ integrations, I feel proud that the ArmorCode platform is now the industry’s leading Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM) platform. customers,” said the fraud analyst.