# Application Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/application-security

- Industry: Software
- Headquarters: New York, US
- Website: www.appsecinc.com
- Total disclosed funding: $10M
- Latest round: Series C (Mar 13, 2006)
- Investors on record: 4

## About

Application Security Inc. specializes in providing advanced solutions for application security, focusing on proactive measures to protect software and data from cyber threats.Application Security Inc. was founded in 2001 and is headquartered in New York, US. The company focuses on application security solutions and was involved in the acquisition of Trustwave in November 2013, marking a significant pivot in its business strategy. The company has engaged in 3 deals, with the latest funding round being a Series C of USD 10.00 mn led by Paladin Capital Group, raising a total of USD 10.00 mn to date. The current company valuation stands at USD 63.24 mn.Application Security Inc. offers a range of products designed to enhance application security, including managed detection and response services that address various cybersecurity challenges. Their services encompass incident response assistance, continuous threat detection, and tailored security program development, aimed at mitigating risks associated with cyberattacks and ensuring compliance with regulatory standards. The company's diverse client base spans finance, healthcare, and retail sectors, with operations across North America, Europe, and Asia-Pacific, leveraging their expertise in security information and event management systems.Application Security Inc. generates revenue primarily through subscription-based models for its managed security services. This includes ongoing support for cybersecurity needs through B2B partnerships. Revenue streams stem from recurring fees for threat detection, incident response, and advisory services, with pricing plans tailored to meet the specific needs of clients, allowing flexibility in their operational requirements.Looking ahead, Application Security Inc. plans to enhance its offerings with new products focused on application security solutions, although specific release dates are yet to be announced. The company is targeting expansion into new markets in Europe and Asia by 2025 to broaden its reach. The recent funding from the Series C round will support these initiatives, particularly in product development and market expansion efforts following the acquisition of Trustwave.

## Funding rounds

- Series C, Mar 13, 2006, $10M — Paladin Capital Group, Kodiak Venture Partners, TWP Private Wealth Management, Early Stage Enterprises, LP
- Seed, Mar 24, 2003 — Kodiak Venture Partners, Early Stage Enterprises, LP

## Investors

- Kodiak Venture Partners (https://capitalatlas.ai/funds/kodiak-venture-partners) — Seed, Series C
- Early Stage Enterprises, LP — Seed, Series C
- Paladin Capital Group (https://capitalatlas.ai/funds/paladin-capital-group) — Series C
- TWP Private Wealth Management (https://capitalatlas.ai/funds/twp-private-wealth-management) — Series C