During the recent Contrast Security Series event held by Strategic Capital, the company discussed its growth in the DevSecOps space and how it is tackling code security. It also discussed the company’s approach to code security and investment in the space by Liberty Strategic Capital.
Investment by Liberty Strategic Capital
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Growth of the DevSecOps space
Increasing cyber-crime and demand for advanced security solutions are driving the growth of the DevSecOps space. The market is expected to grow at 17.6% CAGR between 2022 and 2032. Moreover, increasing adoption of cloud-based applications is expected to boost the growth of the DevSecOps market.
The IT industry adopts DevSecOps solutions to increase security in software development. It also provides better security measures against cyber-attacks. In addition, it improves collaboration and communication between development teams.
Security is a major concern for most companies today. Companies need to ensure that their applications are secure before they are deployed. They can do this by utilizing software composition analysis tools. These tools scan for vulnerabilities in third-party components and update them.
These tools also integrate with preexisting DevOps workflows. They help manage open-source components and provide a seamless automated solution. The market has witnessed increasing investments from venture capitalists.
In addition, increased security measures are required by large enterprises. This has created an attractive target for hackers. The IT industry deploys DevSecOps to ensure better security during software development and dispatch.
In addition, increased demand for digital services is expected to drive the regional market. The DevSecOps market is divided into on-premise and cloud-based solutions. Among these segments, the cloud-based segment is expected to experience the highest CAGR during the forecast period.
Contrast Security Series Liberty 1B Wiggersventurebeat Announces Extension of Funding
Several months after Contrast Security Series Liberty 1b investors made a large investment in the company, they’ve announced an extension of the round and additional funding for a total of $4 million. This article will discuss the key takeaways from the round, the investors involved, and the company’s approach to code security.
Investors in the round
Among the Investors in the round of Contrast security series Liberty 1B Wiggersventurebeat are Battery Ventures, AXA Venture Partners and Warburg Pincus. The funding round is an indication of the growing demand for improved code security. The company’s technology detects vulnerabilities and helps developers create more secure applications.
Contrast is the only company in the world that offers code security in a platform-based solution. It enables enterprise security teams to secure and protect code, ensuring a secure platform for operations and development. Several large organizations in the world rely on Contrast to help them secure code. Customers include DocuSign, BMW and the American Red Cross. The company will use the funding to expand its business and increase its global footprint. It will also have additional flexibility to execute strategic opportunities.
Contrast’s new funding round values the company at nearly $1 billion. This includes the contributions of existing investors as well as Liberty Strategic Capital. The company’s CEO, Alan Naumann, has $250 million in capital.