UPDATED 23:08 EDT / OCTOBER 19 2017

CLOUD

Contrast Security raises $30M for ‘self-protecting’ application software

Application security startup Contrast Security Inc. has raised $30 million in a Series C round led by Battery Ventures that included previous investors General Catalyst and Acero Capital.

Founded in 2014, Contrast Security provides “self-protecting” security software that protects enterprise software applications from within. The company’s Contrast Assess and Contrast Protect products work together across popular development and deployment methods such as Agile, cloud and containers, to enable protection through the software lifecycle.

Contrast Security’s system enables enterprise developers to build security functionality into their projects quickly by embedding an agent that can be set up without making code changes, doesn’t require modifying any configuration settings and takes about a minute to install. Once in place, the module can immediately start monitoring an application’s internal components using a threat detection method described as “deep security instrumentation.”

“We live in a world based on software that is inherently risky and businesses, consumers and shareholders are paying the price. As we’ve seen with Equifax, the software security problem is real, costly and complex, while the solution is quite simple,” Contrast Security Chief Executive Officer Alan Naumann said in a statement. “Contrast Security has already proven that companies can, in fact, respond quickly and effectively to vulnerabilities before attacks even start.

Lance Harris, chief information security officer at Esurance, explained the need further: “Application security is absolutely critical and we encourage the rest of the industry to take the same measures to ensure their applications are safe.”

Including the new round, Contrast Security has raised $54 million to date. The company said it would use the funding to accelerate its technology development and global expansion.

Image: Contrast Security

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU