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 industrys 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. Veracodes 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 Symantecs 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 industrys first automated, on-demand application security analysis service. Whether a company is buying or building software, Veracode helps improve the security quality of applications.