Wednesday, April 24 2024

Cider Security, the world’s first AppSec Operating System, emerged from stealth today, announcing that it has raised $38 million in funding, with a recent Series A round led by Tiger Global Management. Joining the round was the lead investor from Cider Security’s seed financing, Glilot Capital Partners, with participation from Glilot’s early growth fund, Glilot+.

The diversity, velocity, and dynamic nature of today’s engineering ecosystem have introduced a wide array of new security challenges and gaps, which are both slowing down engineering as well as continuously being taken advantage of by hackers.

Cider Security’s platform provides a unified view of the entire engineering ecosystem, providing Security teams with an in-depth understanding and comprehensive view of the technologies, systems, and processes unique to every engineering environment. Security teams are provided a highly tailored set of controls and solutions to optimize security and achieve full resilience across the entire CI/CD pipeline – all the way from code to deployment. Designed to eliminate the friction between Security teams and Engineering groups, Cider Security allows for AppSec programs to be implemented within minutes, democratizing security and allowing AppSec to become a commodity, consumable by organizations from all verticals, sizes, and maturity levels.

“My co-founder Daniel and I endured many of the same challenges that security engineers face today, so we set out to build a new approach,” said Guy Flechter, CEO and co-founder of Cider Security. “By removing the barriers to implementing protection – in essence, democratizing security for AppSec teams – we are changing processes that many felt were set in stone. The level of excitement from users completely exceeded our expectations and we can’t wait to change how Security and Engineering teams from companies everywhere operate.”

The funding will be used to expand R&D operations in Israel and open new offices globally to support growing demand. Already in use with dozens of global companies, the company also boasts security leaders from Atlassian, Databricks, Netflix, Rapid7, Built Technologies, Lemonade, Rapyd, and others as part of their advisory board and investors.

“The demand in the market for Cider Security is massive,” said John Curtius, Partner at Tiger Global Management. “The methods that companies are using are not keeping pace with the threat landscape, creating serious vulnerabilities that impact businesses globally, and Cider Security is poised to become the industry standard for CI/CD security. Even at such an early stage, they have reached impressive milestones and received incredible feedback from the market. We are looking forward to starting the journey with them.”

“As the very first AppSec Operating System, Cider Security is well-positioned to become the leading DevSecOps solution in the market,” said Arik Kleinstein, Glilot Founding Managing Partner. “The solution has made a great deal of impact for its customers in a short amount of time, providing a novel approach to application security that takes the realities of development into account.”

Guy Flechter, chief executive officer and co-founder of Cider Security

Previous

VISO Trust Raises $11 Million To Manage Third Party Risk

Next

Cybersixgill Secures $35M in Series B Funding 

Check Also

Widget

Don’t Miss

The words Endpoint Detection and Response (EDR) on a green background with lines on the right side of the image

Best Endpoint Detection & Response Platforms

Lara Oporto

Endpoint Detection & Response platforms continuously monitor endpoints for signs of malicious activities, such as unauthorized access or unusual behavior, enabling rapid detection and response to potential cyber threats to safeguard organizational assets. What is Endpoint Detection and Response and how does it work? Endpoint Detection and Response (EDR) is a cornerstone in modern cybersecurity […]

AT&T AlienVault Products Review: OSSIM vs USM

Ellie Buscemi

AlienVault is now the technological basis for AT&T AlienLabs and provides multiple products for different companies’ cybersecurity needs. What AT&T AlienVault Products are Available? In December 2021, CISOstack reported that AT&T intended to acquire AlienVault to expand its cybersecurity offerings to more businesses. Two years later, AlienVault-based offerings make up a large portion of AT&T’s […]

Photo by Simon Kadula on Unsplash.

Navigating Manufacturing IIoT Cybersecurity Challenges

John Powers

Guarding the Gears: Government policy and industry collaboration to mitigate cyberthreats to manufacturers. The smart factory is on the rise. Production lines equipped with advanced sensors can monitor equipment health in real-time and predict potential issues before they disrupt operations. Temperature and humidity sensors can ensure the optimal environment for delicate manufacturing processes. RFID-enabled asset […]

Best Microsegmentation Software

Ellie Buscemi

Microsegmentation allows a company to divide digital assets into smaller, more secure groups, which makes it harder for cybercriminals to take over a company’s data center. What is Microsegmentation? Microsegmentation refers to cyber professionals building layers of cybersecurity protection between groups of digital assets or individual cyber assets. Adding these layers inside instead of only […]

Best Breach and Attack Simulation Platforms

Ellie Buscemi

Breach and attack simulation (BAS) platforms allow companies to see weaknesses in their cyber infrastructures before a malicious hacker can exploit them. What Is BAS – Breach and Attack Simulation? Breach and attack simulation (BAS) is an approach to cybersecurity that uses advanced tools to imitate the attacks used by cybercriminals on companies’ digital infrastructure. […]

Ofer Ben-Noon and Ohad Bobrov

Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]