# Protecode

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

- Industry: Software
- Headquarters: Canada
- Website: www.protecode.com
- Total disclosed funding: $4.3M
- Latest round: Series A (Jan 15, 2008)
- Investors on record: 1

## About

Protecode Inc. specializes in application security solutions, enhancing software integrity and compliance throughout the development lifecycle with a focus on open-source vulnerability management.Founded in 2006 in Canada, Protecode Inc. focuses on application security solutions. The company was acquired by Synopsys in November 2015 for an undisclosed amount. Founded by individuals with prior entrepreneurial experience, Protecode’s headquarters is located in Ottawa, Canada.Protecode offers a comprehensive suite of application security solutions designed to ensure the integrity and compliance of software throughout its development lifecycle. Central to its offerings is the Black Duck Polaris™ platform, which integrates various security testing methodologies, including Static Analysis (SAST), Software Composition Analysis (SCA), Dynamic Analysis (DAST), and Interactive Analysis (IAST). These tools enable organizations to automate security assessments, manage open-source vulnerabilities, and comply with regulatory requirements such as Software Bill of Materials (SBOM) management. The company's solutions cater to diverse sectors including automotive, financial services, healthcare, and IoT, serving a global client base that ranges from large enterprises to specialized software developers focused on embedded systems. Black Duck’s tools are deployed worldwide, ensuring that software companies can address security risks across multiple geographical markets including North America, Europe, and Asia-Pacific.Protecode operates primarily on a subscription-based revenue model, providing clients with access to its suite of application security tools. This transactional structure involves annual or multi-year contracts that deliver ongoing software updates, support, and access to new features as they are released. Customers, which include enterprise-scale software developers and organizations specializing in critical systems, engage with Protecode’s services through direct partnerships designed to integrate security into their development workflows seamlessly. Pricing plans are structured based on the specific needs of clients, with options that may include tiered packages based on the number of users or the volume of applications tested. The company’s flagship products, such as Black Duck SCA and the Polaris platform, are pivotal in helping organizations maintain compliance and secure their software supply chain effectively.Protecode's strategic growth plan focuses on advancing its product lineup and expanding its market reach. The company is currently developing new features for the Black Duck Polaris™ platform, with expected release dates in the coming fiscal year. Protecode aims to enter emerging markets in Asia and South America by 2024, leveraging recent funding of USD 680,000 raised during the Seed round led by FedDev Ontario to support these initiatives and enhance its operational capabilities.

## Funding rounds

- Series A, Jan 15, 2008, $4.3M — Brightspark Ventures

## Investors

- Brightspark Ventures (https://capitalatlas.ai/funds/brightspark-ventures) — Series A