September 25, 2024 at 10:42AM
DefectDojo, an application security firm based in Austin, Texas, raised $7 million in Series A funding. The company’s open source platform automates security workflows, aggregates data from various tools, and offers vulnerability management capabilities. The funds will support innovation, product development, and market expansion while maintaining a commitment to its open source community.
From the meeting notes, we can deduce that DefectDojo, an application security firm based in Austin, Texas, has secured $7 million in a Series A funding round led by Iolar Ventures and Aspenwood Ventures. The company offers an open source platform for managing application security, which includes capabilities for automating workflows, aggregating data from various security tools, and delivering actionable insights. Additionally, DefectDojo provides comprehensive vulnerability management features and a Pro edition with enterprise scalability and premium support. The firm has reported over 38 million downloads of its solution and boasts integrations with over 180 security tools. The new funds will be directed towards innovation, product development, and market expansion, with a continued emphasis on its community-driven platform. The founder and CEO, Greg Anderson, expressed the company’s commitment to empowering security professionals to strategically handle evolving threat landscapes by leveraging their DevSecOps platform to scale security operations.