ForAllSecure, the world’s most advanced application security testing technology, today announced it has raised $21 million in a series B funding round co-led by Koch Disruptive Technologies (KDT) and existing investor New Enterprise Associates (NEA). This financing brings the company’s total funding to $36 million. ForAllSecure will use the infusion of capital to accelerate growth, increase headcount, and fuel product innovation, including a solution to secure the thousands of open source projects widely used by businesses around the world.
“We started ForAllSecure to automatically test apps the same way attackers will, before attackers can,” said David Brumley, Chief Executive Officer and co-founder of ForAllSecure. “We believe manual testing is too slow, expensive, and error-prone to scale with the modern speed of development. Other application security approaches just don’t work like attackers, and cannot be truly automated because humans need to double check the results. ForAllSecure enables security to ‘shift-left’ and find issues early, often and cost-effectively. The time to fully automate application security is now.”