Automated Application Security Platform Code Intelligence Unveils $12M Series A Funding
Germany-based automation security testing platform Code Intelligence raises $12M in Series A funding.
Khaled Yakdan, Sergej Dechand, and Matthew Smith founded Code Intelligence in 2018, a startup that assists mid-to-large-sized companies to ship secure code by providing a platform to find and fix security vulnerabilities before completing the final product.
The startup based in Bonn announced its total funding of $15.7 million. The Series A round was led by US-based Tola Capital along with the participation of other existing investors such as LBBW, Verve Ventures, OCCIDENT, HTGF, and the GitHub CEO Thomas Dohmke.
How the platform is going to help?
As per the company, the platform will use dynamic analysis techniques including AI and fuzz testing which will mimic the spammers with the application’s insider knowledge. This testing approach will generate scores of test cases that will trigger bugs and hard-to-find vulnerabilities deep within the codebase.
CEO and Co-founder of Code Intelligence, Sergej Dechand said:
“Our mission is to give every developer the necessary tools to write more secure code, even without deep security expertise. We work closely with the open-source community to spread the ‘test early and often’ mindset and make security a welcome part of every developer’s daily coding.”
The GitHub CEO further added:
“Code Intelligence helps developers ship secure software by providing the necessary integrations to test their code at each pull request, without ever having to leave their favorite environment. It’s like having an automated security expert always by your side.”
With the fresh funding, the company is planning to boost its product development by addition of several features such as added such as advanced debugging, dashboards, and automated API discovery, and cataloging.
Bosch, Deutsche Telekom, and Continental are the giant names that have worked with the company. Along with this, the startup has also worked with Google and made contributions to the open-source community with Jazzer, which has accessed more than 500 vulnerabilities in the above 30 projects.