GitGuardian Raises $44 Million to Create Code Security Platform
Code security company GitGuardian on Tuesday announced raising $44 million in a Series B funding round, which brings the total raised by the company to $56 million.
The latest funding round was led by Eurazeo, with participation from Sapphire, Balderton, BPI and Fly Ventures.
GitGuardian says it will use the money to turn its solution into a code security platform that can compete with companies such as Snyk. The investment will also be used to boost its go-to-market initiatives, and grow its teams in the United States and Europe. The company’s CEO, Jérémy Thomas, will be moving from France to the United States to open an American office.
Founded in 2017, GitGuardian describes itself as a company that specializes in GitHub intelligence and automated secrets detection. Its product is designed to help organizations prevent sensitive data from getting leaked through application source code.
GitGuardian helps customers monitor their public and private repositories in real time and quickly address identified issues.
“GitGuardian mission could seem very ambitious, but it has a very simple philosophy at its core,” Thomas said. “Developing and launching secure applications must be a shared responsibility between Dev, Sec and Cloud Ops. Developers in particular want a wingman at every step of the SDLC to help them write more secure code without harming their productivity. And as defining threat signatures and keeping pace with the thousands of technologies that developers use will always be a never-ending battle, we have already led the foundation of a powerful and flexible code security framework that can be extended rapidly to encode a wide variety of vulnerabilities.”