Earlier this week, Contrast Security announced that it has closed a $150M Series E round led by Liberty Strategic Capital. The round includes participation from Wiggers Venturebeat. It will allow the company to expand its product offerings and enter new vertical markets, such as health care. It will also allow the company to maintain its competitive edge in the security marketplace.
Contrast Security raises $150M in Series E round led by Liberty Strategic Capital
Founded by Jeff Williams and Arshan Dabirsighi in 2014, Contrast Security develops next-gen code security tools to help companies protect their code and applications. Using an automated threat detection method, the company’s modules scan the internal components of an application to detect vulnerabilities.
Contrast’s customer base includes tens of thousands of developers at large organizations. Its platform reduces cyber risk, increases developer efficiency, and decreases time to market. It has been adopted by companies such as DocuSign, American Red Cross, and BMW. It also has partnerships with AWS, Google, and Microsoft.
Contrast Security is a leading vendor in the DevSecOps space. It focuses on applications in development, removing security roadblocks and inefficiencies. The company’s security observability offering helps companies identify issues in public cloud infrastructure. Its software also provides context-specific guidance for vulnerability remediation. Its customer base includes the world’s largest enterprises.
Contrast Security’s investors include AXA Venture Partners, Battery Ventures, General Catalyst, Index Ventures, Warburg Pincus, and Liberty Strategic Capital. This funding round values the company at more than $1 billion. It will use the funds to continue global growth and execute on strategic opportunities.
Company raises $150M in Series E round led by Liberty Strategic Capital
Apparently, a $150 million dollar budget is a great time to start a tech slinger, so to speak. The ote ain’t a bad thing, not to mention the perks that go with it. This is the best time to get your business plan in order! It is a great time to talk to your employees and get them in the door. This will ensure that the office is a fun place to work and that the employee retention numbers stay up in the positives. This will not only keep you on the right track but in the right state of mind as well.
Company raises $150M in Series E round led by Wiggers Venturebeat
Optisys, Inc., a leading provider of metal printed antennas, announced today a $30 million Series B funding round. The investment will support the company’s growing full-stack manufacturing capability in Essex, England. The company will also use the funds to continue to expand its global product portfolio.
The company’s new funding brings its total to $192 million since founding. Optisys’ IP portfolio includes a wide range of innovations, including new antenna designs and proprietary antenna designs that support mass customization capabilities.
The company plans to leverage the investment to continue its expansion in Europe and North America, while accelerating its automation technology. It will also expand its go-market capabilities and expand its global distribution footprint.
Redwood’s investors understand the company’s mission. The round includes Baillie Gifford, Fidelity, T. Rowe Price Associates, TPG, and Baillie Gifford’s affiliates. Other investors include: Xiaomi, Incubator Group, Lenovo Capital, and Axpfund.
Conclusion
Redwood’s investors are focused on the company’s mission to create new, innovative solutions for the world’s most challenging industries. The company plans to expand its global team and product offering to meet rising customer demand.
