AppSec Firm Cider Security Emerges From Stealth With $38 Million in Funding
Application security startup Cider Security today emerged from stealth mode with $38 million in funding, which includes $6 million raised in a seed round and $32 million in Series A funding.
The Series A funding round was led by Tiger Global Management and received participation from Glilot Capital Partners and Glilot’s early growth fund, Glilot+.
Established in December 2020, Cider seeks to eliminate the friction between engineering and security teams and to help organizations build application security programs fast.
The company’s platform, which it describes as an “AppSec Operating System,” offers a comprehensive view of the engineering ecosystem, to secure the entire application development process, from code to deployment.
Cider says the controls and solutions it provides can help organizations implement end-to-end CI/CD (continuous integration and continuous delivery) security and deploy application security programs within minutes.
Cider plans to use the new funding to expand its research and development operations in Israel and to open new offices around the world, to support increasing demand.