Overview

Contrast Security provides a security platform specifically designed for application developers 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 like Static Application Security Testing (SAST) to find vulnerabilities in code and Interactive Application Security Testing (IAST) for faster and more accurate assessments. This approach allows developers to enhance application security while speeding up their development cycles. Unlike many competitors, Contrast Security focuses on empowering developers directly within their coding environment, providing visibility into serverless architectures and protection against zero-day vulnerabilities. The company's goal is to improve developer productivity and reduce costs associated with application security, aiming for a return on investment within five months.

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

$269M

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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