# Cycode

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

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.cycode.com
- Total disclosed funding: $81M
- Latest round: Series B (Nov 30, 2021)
- Investors on record: 2

## About

Cycode Ltd. is a cybersecurity firm specializing in AI-native solutions for application security, aimed at enhancing the software development lifecycle through comprehensive security measures.Founded in 2019 and headquartered in Tel Aviv-Yafo, Israel, Cycode Ltd. focuses on providing advanced application security solutions. The company was co-founded by Lior Levy, who has a history of founding other ventures, and has successfully raised funding through three deals, with the most recent being a Series B round on November 30, 2021, where they secured USD 56.00 mn led by Insight Partners and YL Ventures. The total amount raised by the company is USD 56.00 mn.Cycode offers an AI-native Application Security Platform that enhances the software development lifecycle with solutions like Application Security Testing (AST), Software Supply Chain Security, and Application Security Posture Management (ASPM). These products help organizations identify and address vulnerabilities, manage security risks, and secure CI/CD pipelines while allowing developers to work efficiently. Cycode serves a diverse clientele across various industries, primarily in North America, Europe, and Asia Pacific, integrating with over 100 tools for a unified security view.Cycode operates on a subscription-based revenue model, providing clients with tiered pricing plans tailored to their specific security needs. Their key offerings, including Advanced Application Security Testing and Software Supply Chain Security, primarily cater to medium to large enterprises through annual contracts, establishing predictable revenue streams. The integration of their services into existing development workflows enhances customer retention and satisfaction.Following their Series B funding round in November 2021, which raised USD 56.00 mn, Cycode intends to allocate these resources to bolster sales and product development efforts. The company is focused on launching new technology partnerships and expanding its integrations to include third-party security tools. Specific plans for geographic expansion and new product releases have not been disclosed, but the funding will support these strategic initiatives.

## Funding rounds

- Series B, Nov 30, 2021, $56M — Insight Partners, YL Ventures
- Series A, May 11, 2021, $20M — Insight Partners, YL Ventures
- Seed, Sep 24, 2019, $4.6M — YL Ventures

## Investors

- YL Ventures (https://capitalatlas.ai/funds/yl-ventures) — Seed, Series A, Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A, Series B