UPDATED 10:56 EST / MAY 28 2019

SECURITY

Enterprise software mapping platform Crosscode raises $9.25M

Enterprise code-level software asset mapping company Crosscode Inc. today announced that it recently closed an early-stage funding round that raised $9.25 million.

Crosscode’s flagship product is Panoptics, named after the all-seeing experiment in surveillance “the panopticon,” and it provides substantial visibility into a company’s software environment and needs by making it easier and less expensive to manage dependencies, upgrades, cybersecurity and maintenance.

The current process of performing business-critical tasks such as cloud migration, securing customer data, modernizing operations and integrating software solutions are often painstakingly manual and performed by different teams. Panoptics works to help automate many of these tasks and provide visibility between development, operations, cloud operations and DevOps teams.

The Panoptics platform will automatically discover applications running in a customer’s software environment and creates a visual map of enterprisewide code dependencies. As a result, DevOps and operations teams can get an at-a-glance visual of how upgrades and integration will proceed.

The platform is so sophisticated that even a change to a single line of code can be simulated outwards to determine how it might affect the software environment’s stability and security. This means risk assessment can be done even before code is deployed to production, saving time and money by revealing potential problems before they affect a company’s customers or business.

On the security end, Panoptics uses analysis techniques to identify potential security issues, especially those that occur because of integrating different suites of software. This capability works with both internally developed custom code and third-party components.

Businesses can also create rules-based alerts and notifications to monitor and manage changes in the run-time environment. As a result, anything one team does to make changes to its software environment may affect other parts of the environment. That’s done through a real-time impact assessment that can automate software governance, making it easier for different teams to keep their software up-to-date.

The platform also provides a detailed log of changes for information technology auditors to make a deep dive into the code in order to make post postmortems and post-integration audits much easier. That sort of visibility into the code, and an audit trail, make it possible to automate the documentation needed to understand historical changes and thus their effects.

Aditya Sharma, Crosscode’s chief executive, said the capital from the Series A round will be used “to develop our business and the Panoptics platform,” and enable superior visibility into code changes and cybersecurity.

National Securities Corp., a subsidiary of National Holdings Inc., acted as the sole agent raising money for this transaction. And the Liquid Venture Partners group at National Securities Corp. was responsible for sourcing and executing the offering.

Image: Crosscode

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