Contrast Security Inc., a Los Altos, California-based application security startup, raised $150 million in Series E funding. The raise was on a valuation of $1 billion, giving Contrast Security unicorn status for the first time. Including the new funding, Contrast Security has raised $269 million to date.
The round was led by Liberty Strategic Capital, with participation from Warburg Pincus, Battery Ventures, General Catalyst, Microsoft’s M-12 Fund, AXA Venture Partners, and Acero Capital.
This investment allows Contrast to meet growing demand, further gain market share with accelerated global expansion plans and provide the company with additional flexibility to execute on strategic opportunities and acquisitions.
Company: Contrast Security, Inc.
Round: Series E
Funding Month: November 2021
Lead Investors: Liberty Strategic Capital
Additional Investors: Warburg Pincus, Battery Ventures, General Catalyst, Microsoft’s M-12 Fund, AXA Venture Partners, and Acero Capital
Company Website: https://www.contrastsecurity.com/
Software Category: Application Security Platform
About the Company: Founded in 2014, Contrast Security offers “self-protecting” security software designed to protect enterprise software applications from within. Contrast Security secures the code that the world economy relies on. It is the industry’s most modern and comprehensive Application Security Platform, removing security roadblock inefficiencies and empowering enterprises to write and release secure application code faster. Embedding code analysis and attack prevention directly into the software with instrumentation, the Contrast platform automatically detects vulnerabilities while developers write code, eliminates false positives, and provides context-specific how-to-fix guidance for easy and fast vulnerability remediation. Doing so enables application and development teams to collaborate more effectively and to innovate faster while accelerating digital transformation initiatives. This is why a growing number of the world’s largest private and public sector organizations rely on Contrast to secure their applications in development and extend protection to the cloud and on-premise applications in production.