Veracode

Veracode

Cloud platform for application security assessments

About Veracode

Simplify's Rating
Why Veracode is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Consulting

Enterprise Software

Cybersecurity

Company Size

501-1,000

Company Stage

Acquired

Total Funding

$1.7B

Headquarters

New York City, New York

Founded

2006

Overview

Veracode provides application security solutions that help businesses ensure their software is secure from the beginning. Their cloud-based platform has analyzed over 14 trillion lines of code and identified more than 46 million security vulnerabilities. Veracode's approach integrates security into the software development lifecycle, making it a key part of the development process rather than an afterthought. They serve over 2,500 clients globally, from small startups to large enterprises, by offering a subscription service that includes tools for scanning code, identifying vulnerabilities, and providing remediation guidance. Additionally, Veracode offers consulting services to help organizations develop effective security programs. Their goal is to consistently enforce security policies across enterprises, reducing the risk of breaches and improving both security and development efficiency.

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Simplify's Take

What believers are saying

  • Acquisition of Phylum enhances Veracode's capabilities in software supply chain security.
  • Growing demand for cloud-based security solutions aligns with Veracode's cloud-native platform.
  • Rise of DevSecOps practices supports Veracode's mission to integrate security into development.

What critics are saying

  • Integration challenges from Phylum acquisition may disrupt Veracode's platform operations.
  • Focus on open-source security might divert resources from other critical security areas.
  • New tools like Universal Connector may face adoption challenges, affecting customer satisfaction.

What makes Veracode unique

  • Veracode is the only independent provider of cloud-based application security verification services.
  • The platform has assessed over 14 trillion lines of code, fixing 46 million flaws.
  • Veracode integrates seamlessly with existing development tools, embedding security into the software lifecycle.

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Funding

Total Funding

$1678.3M

Above

Industry Average

Funded Over

7 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Wellness Program

Unlimited Paid Time Off

401(k) Company Match

401(k) Retirement Plan

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
BankInfoSecurity
Jan 7th, 2025
Veracode Fuels Supply Chain Security With Phylum Acquisition

Veracode purchased Denver-area software supply chain startup Phylum, led by a former Air Force computer scientist, to help detect malicious packages in real time.

CRN
Jan 6th, 2025
Veracode Acquires Phylum for Security Boost

Veracode has acquired software supply chain security startup Phylum to enhance its protection against malicious open-source code. The acquisition, whose terms were not disclosed, will integrate Phylum's technology to provide comprehensive visibility into open-source code risks. This move aligns with the ongoing trend of cybersecurity vendor consolidation and addresses the growing concern over code security risks from open-source usage.

Silicon Canals
Jan 6th, 2025
Veracode Acquires Phylum, Inc. Technology to Transform Software Supply Chain Security

Veracode acquires Phylum, Inc. technology to transform Software Supply Chain Security.

Channel Futures
Jan 6th, 2025
Veracode Acquires Phylum Technology Assets

Veracode, a cloud-based application security platform, has acquired certain Phylum technology assets, including its malicious package analysis, detection and mitigation technology.

Blockonomi
Dec 19th, 2024
Skynet Secures $1.2 M Pre-Seed Round to Build The World's Resource Blockchain(TM) for AI Agents

Skynet, a decentralised protocol that enables AI agents to access and pay for products and services around the world, announced that it has raised $1.2 million in pre-seed funding with contributions from angel investors from Github, Polygon, Veracode, and Monotype.

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