Startup Veracode LaunchesStartup Veracode Launches

BURLINGTON, Mass. -- Veracode, Inc. today officially launched as a company and announced it has raised $19.5 million in venture capital funding. Spearheaded by leading security industry experts, Veracode is offering the industry’s first automated, on-demand security analysis solutions delivered through a Software-as-a-Service (SaaS) platform.

Key investors are .406 Ventures, Atlas Venture and Polaris Venture Partners, as well as strategic investors Symantec and Macrovision. Veracode’s management team includes some of the top application security experts, including founders and former @stake executives Chris Wysopal, Christien Rioux and Mike Pittenger. The Company is led by President and Chief Executive Officer Matthew Moynahan, former vice president of Symantec’s Consumer Products and Solutions division. The Company also unveiled today the Veracode SecurityReview™ solutions, which allow organizations to discover security flaws in software automatically, without releasing their valuable source code. Veracode SecurityReview is the industry’s first automated, on-demand application security analysis service. Whether a company is buying or building software, Veracode helps improve the security quality of applications. Veracode