NeuraLegion, a San Francisco, CA-based application security platform enabling developers, DevOps professionals, and application security specialists to quickly and seamlessly secure web applications and APIs, announced a $20 million Series A funding.
The round was led by Evolution Equity Partners, with participation from previous investors including DNX Ventures, J-ventures, Fusion Fund, and Incubate Fund.
The company also announced its rebrand to Bright Security to reflect its mission to illuminate the security testing process.
It will utilize the funds to expand its product and build out its engineering, sales, and marketing teams.
Company: Bright Security Inc.
Raised: $20.0M
Round: Series A
Funding Month: March 2022
Lead Investors: Evolution Equity Partners
Additional Investors: DNX Ventures, J-ventures, Fusion Fund, and Incubate Fund
Company Website: https://brightsec.com/
Software Category: Security's automated AI-powered solution
About the Company: Bright Security provides a cloud service that uses AI to help developers check their applications for vulnerabilities. Bright Security's automated AI-powered solution thoroughly analyzes the application's flow, understands the context, and tests the system through a multitude of interaction combinations, eliminating the need for manual processes for both technical and Business Logic Vulnerabilities. To date, developers at more than 4,000 organizations have signed up to Bright Security's cloud service and it has more than 50 large enterprise customers, including leading technology companies, global financial institutions, and cybersecurity companies who secure their applications with Bright. The company is headquartered in San Francisco and has offices in Israel, and across Europe.
Source: https://www.prnewswire.com/news-releases/neuralegion-rebrands-as-bright-security-raises-20m-to-eliminate-vulnerabilities-before-they-hit-production-301493775.html