Total amount raised
$269 Millions
Latest funding date
Location
Contrast Security has successfully raised significant funding over multiple rounds, with the latest being a Series E round on November 9, 2021. The company is backed by a diverse group of investors, including AVP and Acero Capital.
The platform offers a comprehensive suite of application security solutions, including the Contrast Runtime Security Platform, which provides visibility and protection from development to production. Keep reading to explore the intricacies of Contrast Security's fundraising journey and the investors backing this innovative platform.
What Is Contrast Security?
Contrast Security, founded in 2014 by Arshan Dabirsiaghi and Jeff Williams, is a leading company in the application security industry. Headquartered in Los Altos, California, the company specializes in embedding code analysis and attack prevention directly into software.
With a workforce of 251-500 employees, Contrast Security offers a range of products, including the Contrast Runtime Security Platform, which enhances visibility and protection from development to production. The company is recognized as a unicorn and continues to innovate in the field of application security.
How Much Funding Has Contrast Security Raised?
- Series A
- Amount Raised: $8M
- Date: June 2014
- Lead Investors: Acero Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and develop initial product offerings.
- Series B
- Amount Raised: $16M
- Date: September 2016
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and increase market reach.
- Series C
- Amount Raised: $30M
- Date: October 2017
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product capabilities.
- Series D
- Amount Raised: $65M
- Date: February 2019
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series E
- Amount Raised: $150M
- Date: November 2021
- Lead Investors: Liberty Strategic Capital
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To accelerate global expansion and pursue strategic acquisitions.
Total Amount Raised: $269M. Current Valuation: Over $1 billion.
Key Investors
- Liberty Strategic Capital
- Details: Founded by former Treasury Secretary Steven Mnuchin, Liberty Strategic Capital is a private equity fund. Mnuchin will join Contrast Security’s Board of Directors.
- Investment Focus Areas: Technology, cybersecurity.
- Notable Investments: Cybereason.
- Warburg Pincus
- Details: Warburg Pincus is a global private equity firm with a long history of investing in various sectors. The firm participated in multiple funding rounds for Contrast Security.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not publicly disclosed.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They have been involved in several funding rounds for Contrast Security.
- Investment Focus Areas: Software, IT infrastructure, industrial technology.
- Notable Investments: Not publicly disclosed.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have supported Contrast Security in its growth journey.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Not publicly disclosed.
- Acero Capital
- Details: Acero Capital is a venture capital firm focusing on early-stage technology companies. They were the lead investor in Contrast Security's Series A round.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not publicly disclosed.
What's Next for Contrast Security?
Contrast Security stands at the cusp of significant opportunities, driven by its recent $150 million Series E funding. The company is poised to expand its global footprint, particularly in the EMEA and APAC regions, leveraging its robust financial backing to pursue strategic acquisitions and enhance its market position.
Future fundraising efforts may be on the horizon as the demand for application security solutions continues to grow. With the increasing speed of code releases and the critical need for cybersecurity, Contrast Security is well-positioned to attract further investments. However, the company must navigate challenges such as evolving cyber threats and maintaining its competitive edge in the rapidly changing DevSecOps landscape.
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