StackHawk, an application security testing software, secured $20.7 million in a Series B funding round which was led by Sapphire and Costanoa Ventures and saw participation from Foundry Group and other investors. This raises the total funding raised by the platform to $35.3 million.
StackHawk is based in Denver, Colorado, and was founded in 2019. It’s a computer software firm that focuses on bug detection and website and software maintenance. To prevent further errors from reaching production, the company offers documentation and automates the pipeline. It makes finding, triaging, and fixing application security problems simple and easy for developers.
“In the current world we live in, security is more important than ever. Our prospects know they have a gap in how they approach security and recognize the need for what we do even before we speak with them,” said Joni Klippert, Co-Founder and CEO. “As the leader in this advanced approach to dynamic security testing, the market pull drove the funding round. We will use the funds to continue to invest in our product to maintain leadership and significantly increase funding for marketing, sales, and partnerships. Our recently announced Snyk integration, which is already driving value with joint customers, is a great example of this.”
StackHawk is attempting to handle the challenge of modern software development shifting from quarterly to daily or hourly releases while including continuous integration and delivery. Modern software development firms can use StackHawk’s technology to enhance CI/CD to include continuous application and application programming interface security testing. This method detects security flaws while the developer is actively working on the code.
To learn more about the fundraising round and StackHawk’s approach to developer-first application and API security testing, interested people can visit stackhawk.com.