Advanced application security testing technology ForAllSecure has scored $21m in its Series B funding round.
The capital injection was co-led by Koch Disruptive Technologies and existing investor New Enterprise Associates.
With the funds, the company plans to accelerate growth, increase headcount and accelerate product innovation. It is currently exploring a feature to secure the thousands of open-source projects used by businesses around the world.
ForAllSecure builds an autonomous security testing solution that maximises development productivity by integrating layers of security testing into continuous workflows. By automating the testing and maintenance of software, developers can focus on building secure, reliable applications that offer a competitive advantage.
A study from 451 Research found that 61% of organisations say the lack of automated, integrated security testing tools is a major challenge for DevSecOps.
ForAllSecure’s products work autonomously to find and create exploits as well as defend. Vulnerable applications from hackers.
ForAllSecure CEO and co-founder David Brumley said, “We started ForAllSecure to automatically test apps the same way attackers will, before attackers can.
“We believe manual testing is too slow, expensive, and error-prone to scale with the modern speed of development. Other application security approaches just don’t work like attackers, and cannot be truly automated because humans need to double check the results. ForAllSecure enables security to ‘shift-left’ and find issues early, often and cost-effectively. The time to fully automate application security is now.”
With the close of the round, the company has collected a total of $36m in funding.
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