Secure Code Warrior has successfully closed its Series C funding round, with Paladin Capital Group leading the investment. The funding round secured $50 million, marking the largest investment the company has received since its inception. With this investment, the total funding for Secure Code Warrior has now surpassed $100 million.
The company, known for its annual revenue averaging $29.83 million, according to IT-Harvest, plans to utilize the funds to drive product innovation through its platform and expand its go-to-market efforts. Secure Code Warrior aims to increase its market share and empower developer and engineering teams with the necessary skills to identify vulnerabilities and fix code quickly using the latest AI technology.
Existing investors, such as Goldman Sachs and ForgePoint Capital, participated in the Series C round alongside Paladin Capital Group, demonstrating their commitment and understanding of Secure Code Warrior’s vision. They fully support the company’s belief that developers and engineers should be the first line of defense for creating secure code.
Mourad Yesayan, Managing Director of Paladin Capital Group and Secure Code Warrior Board member, acknowledged the company’s efforts in enabling developers to remain agile while learning secure coding. Yesayan recognized the value that Secure Code Warrior brings to over 600 enterprises in the AI-influenced global economy, where secure-aware developers and engineering teams are a valuable asset. He expressed his excitement for the company’s future innovations and their impact on making secure coding even more accessible to the broader market.
David Campbell, Managing Director of Goldman Sachs, highlighted the ongoing risk of vulnerable code in enterprises and its potential commercial and reputational impact. While traditional tools assist with application security, hands-on cybersecurity education adds the unique capability of building secure software. Secure Code Warrior has remained dedicated to this mission since its inception, supporting developers across various industry sectors, including financial services, technology, and manufacturing.
Alongside the successful funding round, Secure Code Warrior announced the appointment of Nanhi Singh, Chief Customer Officer at Imperva, to its board of directors. Additionally, Patrick Collins, former CEO and founder of SaaS firm 5th Finger, joined as the company’s Chief Product and Technology Officer.
Pieter Danhieux, Secure Code Warrior’s CEO, emphasized that enterprises recognize the need for personalized solutions in developer-driven security. He stated that the company’s platform focuses on agile learning and various learning paths, including real-time feedback options, to create the most effective and comfortable learning environments possible. Danhieux expressed his gratitude for the trust and confidence of the investors and employees and eagerly welcomed Nanhi and Patrick to the team, expecting their invaluable contributions in the months ahead.
Nanhi Singh will work closely with the executive management team to enhance the end-to-end customer experience and value. With over two decades of experience transforming customer experiences for brands like Imperva, Symantec, Blue Coat Systems, and Nokia, Singh is poised to drive significant improvements for Secure Code Warrior.
Patrick Collins, known for his expertise in enterprise B2B and eCommerce, brings his experience as the former CEO and founder of SaaS firm 5th Finger to Secure Code Warrior. In his role as Chief Product and Technology Officer, Collins will be responsible for driving platform innovation and product strategy.
Secure Code Warrior’s successful Series C funding round and the addition of new members to its board and executive team will undoubtedly strengthen the company’s position in the market. With its increased funding, Secure Code Warrior can continue to empower developers and engineering teams to create secure code and address vulnerabilities efficiently.