Prevoty, a provider of autonomous application protection solutions provider, has closed a $13m Series B financing round.
Venture capital firm Trident Capital Cybersecurity led the round, with managing director Sean Cunningham joining the company’s board of directors. Prior investors, including US Venture Partners, also participated in the round, which takes Prevoty’s total funding to more than $25.8m.
Headquartered in Los Angeles, California, Prevoty automates defense and intelligence in all applications and services.
It claims to enable Global enterprises to dramatically improve remediation of vulnerabilities, enabling security and development teams to work together more effectively, in sync with ever accelerating application release cycles.
Cunningham said, “Application security is critical in today’s environment of high-growth, customer-facing applications, but it is often the weakest link in a security program. Prevoty integrates application security into agile software development practices, enabling developers to deploy applications with inherently more security, reduce risk, and minimize implementation impact.”
Trident Capital Cybersecurity is a venture capital fund dedicated solely to cybersecurity early stage investing. It invests in five areas: internet of things, secure payments and fraud, next-generation identity platforms, behavioural analytics, and privacy and security.
Last month, Trident and JPMorgan Chase co-led a $25m Series A round for ReversingLabs, a provider of cyber threat detection and analysis solutions. In October, the venture capital firm led Attivo Networks’ $21m Series C round. Attivo uses deception technology for real-time detection, analysis and response to cyber threats.
In the first three quarters of the year, Global investments in the security technology sector hit the $1.2bn mark according to data by FinTech Global.
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