# Coverity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coverity

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.coverity.com
- Total disclosed funding: $22M
- Latest round: Series A (Nov 14, 2007)
- Investors on record: 2

## About

Coverity is a software development company that specializes in application security solutions, providing tools designed to identify and remediate vulnerabilities throughout the software development lifecycle.Coverity was founded in 2002 in San Francisco, US, and focuses on application security, enabling organizations to manage software vulnerabilities. The company was sold to Synopsys, Inc. in March 2014 for USD 375 mn. The founder, Dawson Engler, has a background in software development, contributing to the company's innovative solutions. Coverity has completed two major investment deals, with the most recent occurring in 2014.Coverity's primary offerings revolve around its comprehensive application security solutions, specifically designed to enhance trust and security within software development environments. The core product integrates various security testing methodologies, such as Static Analysis (SAST), Software Composition Analysis (SCA), and Dynamic Analysis (DAST), to identify and remediate vulnerabilities throughout the software development lifecycle (SDLC). These tools manage open-source security risks and ensure compliance with legal standards. Coverity caters to diverse industries including automotive, financial services, healthcare, and embedded systems, with a customer base across North America, Europe, and Asia-Pacific.Coverity generates revenue through a subscription-based model for its suite of application security tools and services. This allows continuous access to updates and support, ensuring compliance with evolving security requirements. Clients typically engage in multi-year agreements encompassing various security assessments, training programs, and premium support services. Pricing plans are flexible, accommodating organizations from small enterprises to multinational corporations.As of the latest update in March 2014, Coverity is focused on enhancing its application security offerings and expanding its reach into new geographic markets. The company utilizes its recent funding from the sale to Synopsys, Inc. to improve product development and market presence. Future initiatives may include launching new security tools tailored for emerging technologies and expanding operations in Europe and Asia-Pacific to meet increasing global demand.

## Funding rounds

- Series A, Nov 14, 2007, $22M — Benchmark, Foundation Capital

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A