ArmorCode Closes $40 Million in Series B

by Kay Aloha Villamor in December 5th, 2023

ArmorCode, a Palo Alto, CA-based Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM), has closed a pre-emptive $40 million Series B funding.  

SaaS Investors  

The round was led by HighlandX, with participation from NGP Capital, Ballistic Ventures, Sierra Ventures, Cervin Ventures, and others.   

HighlandX is a venture capital fund managed by Highland Capital Partners a venture capital firm based in Cambridge, Massachusetts. The firm prefers to invest in early and growth-stage companies focused on consumer and enterprise technology companies focusing on cybersecurity, commerce, education, autonomy, media, and fintech sectors.  

As part of HighlandX’s investment, Managing Partner Corey Mulloy will join ArmorCode’s board. 

ArmorCode Use of Funds  

The company plans to use the funding to invest in go-to-market, product, and engineering teams, expand its workforce by over 20%, and introduce new AI and software supply chain capabilities.  

About ArmorCode  

ArmorCode is a technology company on a mission to supercharge security teams so their organizations can ship secure software and ship it fast. The AI-powered ArmorCode Platform unifies application security, infrastructure vulnerability management, and supply chain security, integrating with security scanners across applications, infrastructure, containers, and cloud to normalize and correlate findings and orchestrate security workflows in a single platform so security teams can realize holistic visibility, flexible agility, and cross-team collaboration.  

Funding Details        

Company: ArmorCode, Inc.  

Raised: $40.0M   

Round: Series B   

Funding Month: December 2023                                             

Lead Investors: HighlandX  

Additional Investors: NGP Capital, Ballistic Ventures, Sierra Ventures, Cervin Ventures  

Company Website:   

Software Category: Cybersecurity  




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