# GuardRails Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/guardrails-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.guardrails.io
- Total disclosed funding: $4.5M
- Latest round: Seed (May 11, 2022)
- Investors on record: 4

## About

GuardRails Pte. Ltd. is a Singapore-based company that specializes in Application Security (AppSec) solutions, integrating security measures into the software development lifecycle for enhanced vulnerability management.Founded in 2017 by Patrick Dannacher and Stefan Streichsbier, GuardRails Pte. Ltd. operates out of Singapore, where it has developed its capabilities in Application Security. The company has successfully raised USD 3.75 mn in a Seed funding round in May 2022 from investors Cocoon Capital, Singtel Innov8, and Surge, valuing the company at USD 32.5 mn post-money. GuardRails has completed two deals to date, with its most recent transaction occurring on May 11, 2022. The current CEO is Andrew Duck.GuardRails offers a comprehensive platform designed to simplify Application Security (AppSec) by integrating security protocols directly into the development workflow. Its core product leverages a combination of Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Software Composition Analysis (SCA), Infrastructure as Code (IaC) scanning, and Secret Detection, all consolidated into a single customizable dashboard. This approach enables organizations to proactively eliminate vulnerabilities at the source while providing real-time guidance and remediation for developers. GuardRails caters to a diverse client base, including software development teams and enterprises across various sectors such as banking, finance, telecommunications, and technology. The platform supports integration with popular version control systems such as GitHub, GitLab, Bitbucket, and Azure DevOps, making it accessible to users in North America, Europe, and the Asia-Pacific region.In 2022, GuardRails reported revenue of USD 1,028,346, with an EBITDA of USD -2,063,041 for the same year. The company's revenue model is primarily subscription-based, allowing businesses to access its AppSec services through tiered pricing plans that cater to varying organizational needs. Clients engage in annual or monthly subscriptions that provide them with ongoing access to the platform, including its suite of security scanning tools and real-time guidance features, fostering long-term relationships and ongoing engagement with its services.Following the Seed funding round held on May 11, 2022, where GuardRails raised USD 3.75 mn, the company is positioned for growth with plans to enhance its platform and potentially expand its product offerings. The recent funding will support the development of new features aimed at improving the user experience and expanding the functionality of its AppSec solutions. Furthermore, GuardRails is targeting expansion into new geographic markets, specifically focusing on increasing its presence in North America and Europe by late 2023.

## Funding rounds

- Seed, May 11, 2022, $3.8M — Singtel Innov8, Cocoon Capital, Surge
- Seed, Oct 11, 2019, $0.8M — Singtel Innov8, Cocoon Capital, NUS Technology

## Investors

- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Seed
- Cocoon Capital (https://capitalatlas.ai/funds/cocoon-capital) — Seed
- NUS Technology — Seed
- Surge (https://capitalatlas.ai/funds/surge) — Seed