ArmorCode, a unified exposure management platform, has raised $16m in new strategic funding, bringing its total raised to $81m, alongside the appointment of cybersecurity veteran Phil Venables to its board of directors.
The round was led by Cheyenne Ventures, with backing from Ballistic Ventures, Highland Capital, Sierra Ventures, NGP Capital, Harmonic Growth Partners, Tau Ventures, and Cervin. Proceeds will accelerate growth of ArmorCode’s Agentic AI Platform, expand global go-to-market efforts, and drive continued product innovation.
The company has doubled year over year serving Global 2000 enterprises and reports that nearly 80% of its Fortune 500 and Fortune 1000 customers are pushing for expanded Agentic AI capabilities, including visibility into AI agents, MCP servers, and shadow AI.
ArmorCode’s platform processes over 200 billion findings annually across hundreds of native integrations, spanning Application Security Posture Management, Vulnerability Management, Software Supply Chain Security, and AI Exposure Management. It is powered by Anya, described as the industry’s first agentic AI framework for enterprise security.
ArmorCode founder and CEO Nikhil Gupta said, “Enterprises are accelerating AI adoption, and with five trillion AI agents projected by 2030, AI risk management is essential to keep pace. This capital enables us to scale our agentic AI platform vision faster, deepen our enterprise footprint, and continue building the industry’s most comprehensive unified exposure management platform.”
Cheyenne Ventures managing director Gregory Eaton said: “AI and autonomous agents are reshaping the enterprise, driving exponential growth in security complexity. ArmorCode is pioneering Agentic AI for Exposure Management, transforming fragmented security data into intelligent, actionable risk reduction. We are proud to support ArmorCode as they define exposure management for the agentic era.”
Joining the board is Phil Venables, venture partner at Ballistic Ventures and former chief information security officer at Goldman Sachs and Google Cloud, widely regarded as one of the most influential figures in modern cyber resilience.
Board member Phil Venables said, “ArmorCode is uniquely positioned to navigate the intersection of AI innovation and enterprise risk. As organizations deploy AI across their operations, they need unified exposure management to mitigate risks across applications, infrastructure, and AI systems. ArmorCode is building that control plane.”
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