# Klocwork

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

- Industry: Software
- Headquarters: Burlington, US
- Website: www.klocwork.com
- Total disclosed funding: $24M
- Latest round: Series C (May 11, 2005)
- Investors on record: 5

## About

Klocwork Inc. develops advanced static code analysis and security testing tools tailored for programming languages, enhancing software quality and security throughout the development lifecycle.Klocwork Inc., founded in 2001, is headquartered in Burlington, US. It specializes in static code analysis and application security testing. The company has undergone significant transitions, including its acquisition by Rogue Wave Software in January 2014. The firm has raised a total of USD 10.00 mn through 4 funding deals, with the latest being a Series C round led by Mobius Venture Capital and including investors like Cisco Systems and FirstMark Capital. The current CEOs are Jim Cassens and Mark Ties.Klocwork specializes in static code analysis and static application security testing (SAST) tools for languages including C, C++, Java, JavaScript, Python, and Kotlin. These tools help identify and mitigate security vulnerabilities and quality issues across the software development lifecycle, catering specifically to industries like automotive, aerospace, defense, medical technology, and energy. Their products assist in compliance with industry standards, streamlining development processes for diverse clients in North America, Europe, and Asia.Klocwork operates on a subscription-based revenue model, with clients entering annual or multi-year licensing agreements for continuous access to their static analysis tools. This B2B approach allows development teams across various industries to integrate Klocwork’s offerings into their development environments, benefiting from product customization according to compliance needs and coding standards.Following its acquisition by Rogue Wave Software in 2014, Klocwork plans to expand its product suite and improve its existing static analysis tools. The company is targeting new markets in Europe and Asia, aiming for significant growth by 2025. Recent funding will support the development of upcoming product enhancements and strategic market entry initiatives.

## Funding rounds

- Series C, May 11, 2005, $10M — Mobius Venture Capital, US Venture Partners, Cisco Systems, FirstMark Capital
- Series B, Jan 9, 2003, $9M — US Venture Partners, Cisco Systems, FirstMark Capital, Duke University
- Series A, Feb 1, 2001, $5M — FirstMark Capital

## Investors

- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A, Series B, Series C
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series B, Series C
- Cisco Systems — Series B, Series C
- Duke University — Series B
- Mobius Venture Capital (https://capitalatlas.ai/funds/mobius-venture-capital) — Series C