Cycode, an Israeli DevOps security startup, has announced a $20 million Series A round led by Insight Partners, with participation from seed investor, YL Ventures. The new funding brings total investment to $25 million and positions Cycode to accelerate growth into securing enterprise DevOps tools such as source control management systems, build systems and cloud infrastructure.
In addition to the Series A funding, Cycode also announced the signing of new customers including: Grubhub, Databricks, Flexport, Rapyd, Copart and Cobalt. Further, Cycode has hired Dor Atias as VP of R&D, Tom Kennedy as VP of Sales and Andrew Fife as VP of Marketing.
Cycode protects DevOps tools such as source control management systems, build systems, registries and cloud infrastructure. The solution addresses multiple layers of security, including access and authorization, security configurations, compliance and scanning engines.
Cycode also launches knowledge graph that correlates data across the software development lifecycle to protect against rising threats like software supply chain attacks, source code leakage, hardcoded secrets and Infrastructure as Code misconfigurations.
“With these new funds, part of the focus will naturally be on expanding sales and marketing efforts,” said Lior Levy, CEO and co-founder of Cycode. “What I’m really excited about is expanding Cycode’s platform with even more integrations into CI/CD and security tools to increase the power of our knowledge graph.”
“Furthermore, we’re releasing a low-code query engine and a knowledge-sharing community that will enable security teams without development expertise to leverage the full power of the graph,” Levy added.