# Veracode

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

- Industry: Software
- Headquarters: Burlington, US
- Website: www.veracode.com
- Total disclosed funding: $119M
- Latest round: Series H (Aug 27, 2014)
- Investors on record: 10

## About

Veracode, Inc. is a US-based company that specializes in application security solutions, providing tools to enhance software security throughout its development lifecycle.Founded in 2006 in Burlington, US, Veracode, Inc. offers application security solutions. The company underwent a CORPORATE CARVE OUT from Thoma Bravo, raising USD 950.00 mn in its latest funding round on March 15, 2022. Chris Wysopal founded the company, and the current executive leadership includes Matthew Moynahan and Sam King.Veracode delivers a suite of application security solutions designed to bolster software security from development to deployment. Their offerings include Application Security Testing (AST) tools such as Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), and Software Composition Analysis (SCA), along with AI-driven remediation solutions. These tools are utilized by clients across various sectors, including finance, healthcare, and technology, to secure their software development lifecycles and enhance compliance. The company caters to markets in North America, Europe, and Asia, serving a diverse clientele from Fortune 500 companies to startups.Veracode operates on a subscription-based revenue model, allowing clients to access its range of security tools and services. Clients typically opt for annual subscriptions that provide access to various service tiers, including additional features like dedicated support and tailored training solutions. Core products such as SAST and DAST are central to its revenue model, with clients purchasing comprehensive testing packages crucial for maintaining secure applications. This transaction structure fosters long-term client relationships, enabling continuous monitoring and management of security vulnerabilities as part of their development processes.Following the most recent deal on March 15, 2022, where TA Associates acquired a majority stake in Veracode, Inc. from Thoma Bravo, the company plans to utilize this investment to accelerate the growth of its product portfolio through organic development and strategic mergers and acquisitions. Additionally, Veracode aims to expand its global presence, although specific new product launches or geographic targets have not been disclosed.

## Funding rounds

- Series H, Aug 27, 2014, $40M — Atlas Venture, Meritech Capital Partners, StarVest Partners, .406 Ventures, Wellington Management
- Series G, Sep 3, 2013, $13M — Atlas Venture, Meritech Capital Partners, StarVest Partners, .406 Ventures
- Series F, Apr 12, 2012, $30M — Atlas Venture, Meritech Capital Partners, StarVest Partners, .406 Ventures
- Series E, Dec 20, 2011, $2M — StarVest Partners
- Series D, Jan 29, 2010, $12M — Atlas Venture, StarVest Partners, .406 Ventures
- Series C, Jan 21, 2009, $5M — Atlas Venture, Polaris Partners, .406 Ventures, NortonLifeLock Inc., In-Q-Tel, Rovi Corporation
- Series B, Jan 31, 2007, $10M — Atlas Venture, Polaris Partners, .406 Ventures, Flexera Software LLC, NortonLifeLock Inc.
- Series A, Mar 10, 2006, $7M — Atlas Venture, Polaris Partners

## Investors

- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series A, Series B, Series C, Series D, Series F, Series G, Series H
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A, Series B, Series C
- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series B, Series C, Series D, Series F, Series G, Series H
- Flexera Software LLC — Series B
- NortonLifeLock Inc. — Series B, Series C
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series C
- Rovi Corporation — Series C
- StarVest Partners (https://capitalatlas.ai/funds/starvest-partners) — Series D, Series E, Series F, Series G, Series H
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series F, Series G, Series H
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series H