Having recently secured funding from Liberty Strategic Capital, Contrast Security is looking forward to building a world-class team that can deliver the highest quality services to its clients. The company plans to invest at least $200 million over the next few years to continue developing its technology, products, and services. Its business model is based on providing specialized security solutions for the financial services industry.
About Contrast Security
Using Contrast Security, organizations can rapidly protect more applications, lowering costs and speeding up time to market. With patented, deep security instrumentation, it’s easy to identify, analyze, and remediate vulnerabilities in your application portfolio. The application security platform also provides continuous protection throughout the lifecycle of your software.
Contrast Security combines software composition analysis, configuration analysis, and static testing to provide a comprehensive suite of security technologies. The patented deep security instrumentation is embedded within applications, enabling highly accurate analysis of the entire application portfolio.
Contrast Security’s agents actively monitor applications, alerting developers if a vulnerability is discovered during testing. They also track non-successful attacks, and log the information in the main console. The console can also alert SIEMs and development tools.
Contrast also provides out-of-the-box protection rules and best practices for security teams, as well as guidance for vulnerability remediation. The suite also includes language support and APIs. It can be used as part of an organization’s CI/CD workflows.
The company provides an open source sponsorship program that will support open source projects, accelerating time to market. The company also partners with Deloitte, Guidepoint, Microsoft, and IBM Cloud.
Contrast has been recognized as one of the fastest growing companies in the technology industry. They are also included in the Unicorns – Billion Dollar Startups report. They have achieved 150% growth in their revenue year-to-date.
Series E round led by Liberty Strategic Capital
During November 2021, Liberty Strategic Capital led a $150 million Series E investment in Contrast Security. This cybersecurity firm specializes in mobile security. They develop code analysis tools, as well as app security technology.
Liberty Strategic Capital has led a number of other cybersecurity companies, including BlueVoyant and Cybereason. They were founded by former government cyber officials. They offer enterprise solutions to protect networks, data, and supply chains. They have personnel in Washington, D.C., Maryland, the Philippines, Israel, and Australia. They intend to use the funds they’ve raised for product development and international expansion.
Liberty Strategic Capital has also led an acquisition round for Zimperium, a mobile security platform. Zimperium plans to use Liberty Strategic funding to develop a product suite, expand its go-to-market team, and pursue inorganic growth opportunities. The company was founded in 2010 and has 221 employees. They sell their products through a network of solution providers.
Liberty Strategic Capital has also led late-stage funding rounds for cybersecurity firms BlueVoyant and Cybereason. These firms have been valued at over $1 billion. They are part of the growing cybersecurity industry.
Liberty Strategic Capital has also led a series of other investments. The firm has made four investments. One is in the media industry, while the others are in technology and financial services. These investments are part of the fund’s mission to invest in companies that have the potential to be disruptors in their industry.