Overview

Contrast Security provides a unified security platform aimed at application developers, enabling them to identify and fix security risks in real-time during the development process. The platform operates as a software-as-a-service (SaaS) solution, offering tools for Static Application Security Testing (SAST) to detect vulnerabilities in code and Interactive Application Security Testing (IAST) for faster and more accurate assessments. This proactive approach helps developers enhance application security while speeding up release cycles. Unlike many competitors, Contrast Security focuses specifically on empowering developers with immediate feedback on security issues, which can lead to increased productivity and reduced costs. The company's goal is to improve the overall security of applications while ensuring that developers can work efficiently and effectively.

Simplify's Take

What believers are saying

• Increased demand for ADR solutions boosts Contrast's market position in application security.
• Winning the 2024 PwC Luxembourg Award highlights Contrast's excellence in cybersecurity solutions.
• Experienced executives from Splunk and CrowdStrike enhance leadership and strategic growth.

What critics are saying

• AI-driven solutions by competitors could outpace Contrast's offerings, risking market share loss.
• New executive appointments may lead to strategic shifts disrupting existing operations.
• Integration challenges with new products like ADR could lead to customer dissatisfaction.

What makes Contrast Security unique

• Contrast Security embeds code analysis directly into software, disrupting traditional security methods.
• The platform offers real-time risk detection, enhancing developer productivity and application security.
• Contrast's Application Security Platform integrates SAST and IAST for comprehensive security observability.

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Funding

Total Funding

$261.7M

Meets

Industry Average

Funded Over

5 Rounds

Notable Investors:

General CatalystBattery Ventures

Notable Investors:

General CatalystBattery Ventures

$150,000,000

Series E

Nov 2021

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Above Average

Industry standards

Ind Avg. $100M

$30M

$150M

$245M

$250M

$1250M

$1500M

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