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Right this moment, software safety testing supplier StackHawk introduced that it has raised $20.7 million as a part of a sequence B funding spherical led by Sapphire Ventures and Costanoa Ventures.
StackHawk’s dynamic software and API safety testing platform has the potential to inform builders to repeatedly check code and to establish high quality points primarily based on failed unit checks or integration checks.
A part of the explanation behind investor curiosity in StackHawk, is that it supplies enterprises with an answer to mitigate software safety points effectively in order that builders don’t should establish points manually when deploying on a day by day or hourly foundation.
Maintaining with the calls for of the software program growth lifecycle
The funding comes as increasingly builders are struggling to maintain up with the calls for of the software program growth lifecycle, anticipated to always ship new releases, with minimal time to mitigate safety or efficiency points.
For these organizations, software safety testing options like Stackhawk present an answer to proactively establish and remediate points, and a method to make sure that developer’s can belief the code they ship is safe.
“Forrester experiences that software and API safety exploits are the most typical type of exterior cyber assault affecting organizations at this time. It is because the way in which organizations discover and repair software and API safety points has not developed with the way in which software program is delivered,” mentioned founder and CEO at StackHawk, Joni Klippert.
“Engineering groups at this time are delivering software program adjustments day by day. However safety testing has been left siloed, with safety groups testing for vulnerabilities quarterly or yearly, utilizing guide testing strategies. This disconnect is what leaves organizations’ apps and APIs unprotected,” Klippert mentioned.
StackHawk’s resolution to this predicament is straightforward; present builders with automated testing capabilities and notifications to allow them to code rapidly, and tackle coding points every time they’re recognized by the answer.
The applying safety market
The group’s development is happening because the application security market is predicted to develop from a worth of $6.38 billion in 2020 to achieve a complete worth of $15.76 billion by 2026 as enterprises search out new options to safe the applying’s and code they depend on.
The group is competing in opposition to a spread of different Dynamic Utility Safety Testing (DAST) suppliers together with Veracode, a 9-time chief within the Gartner Magic quadrant for Utility safety testing, and supplies an software safety resolution with a mix of SAST, DAST, SCA, and automatic software evaluation capabilities.
Veracode just lately introduced that it had raised revenue by 13 p.c since final yr.
One other competitor is WhiteHat Security, an software safety platform with dynamic testing pushed by AI and machine studying, with steady vulnerability scanning, reporting, and analytics, which has raised whole funding of over $50 million in response to Crunchbase.
Nevertheless, Klippert says that StackHawk is the one resolution available on the market constructed for DevSecOps and CI/CD workloads. “What actually units Stackhawk other than legacy DAST distributors is the flexibility to run safety checks in CI/CD.”
