Secure Code Warrior reels in $3.5m in Paladin-led round

Secure Code Warrior, a secure application development platform, has raised $3.5m in a funding round led by Paladin Capital Group.

The round, which featured participation from Sydney-based AirTree Ventures, will allow Secure Code Warrior to expand its growing sales, marketing and customer success footprint in the United States. Part of the capital will also be used to innovate engineering hubs in Belgium and Australia.

With offices in in Sydney, Boston, London and Bruges, Secure Code Warrior provides a SaaS based secure application development platform to customers including financial services, telecommunications and technology companies in over 15 countries.

The system features secure coding tools for developers to write secure code from the start and in-line with a company’s established coding policies. Its platform includes gamified, online training that is hands-on and self-paced; a fun, skill-testing tournament mode; and a real-time spellchecker-style autocorrect coaching plugin.

This enables companies to achieve faster and more secure product development, which supports agile development principles. It also provides a powerful layer of cyber protection in a way that is simple, scalable and positive according to the company.

Mourad Yesayan, principal at Paladin Capital Group, said the frequency and impact of application security breaches had highlighted that it was time to shift the focus from merely finding security problems in code after it is written, to preventing the vulnerabilities at the source.

“In a world that depends on software, there needs to be a bigger demand on companies to make their applications secure by design, and empowering developers to learn to code securely is key to that principle. Secure Code Warrior will continue to grow rapidly globally as companies realise the significant value of making their developers a first line of defense.”

Secure Code Warrior is co-founded and led by security experts CEO Pieter Danhieux and CTO Matias Madou. Danhieux has more than 12 years’ experience as a security consultant, including at EY and BAE Systems, and is a former long-time Principal Instructor for SANS. Madou holds a Ph.D. in application security, with over 15 years of hands-on software security experience, including as one of Fortify’s early developers and research architects, and more than 10 patents to his name.

Since starting in 2015, the company has built a marquee, blue-chip enterprise customer base including 16 of the top 100 global banks, Australia’s largest six banks, in addition to many of the world’s top global companies in the telecommunications, technology, retail and airline verticals.

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