# WhiteHat Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/whitehat-security

- Industry: IT Security/Cybersecurity
- Headquarters: Santa Clara, US
- Website: www.whitehatsec.com
- Total disclosed funding: $43M
- Latest round: Series F (Feb 5, 2013)
- Investors on record: 9

## About

WhiteHat Security, Inc. specializes in application security solutions, providing vital tools that enhance software integrity and compliance throughout the software development lifecycle (SDLC).Founded in 2001 and headquartered in Santa Clara, US, WhiteHat Security, Inc. focuses on application security. In March 2019, the company was acquired by NTT Security GmbH, which aims to enhance its service offerings through this acquisition. The company has raised a total of USD 31.00 mn in funding, with the latest round being Series F, supported by investors JMI Equity and Patricia Industries. The current company valuation stands at USD 158.81 mn. CEO Craig Hinkley leads the company, which has completed a total of 9 deals to date.WhiteHat Security offers a comprehensive suite of application security solutions designed to improve software integrity and compliance throughout the software development lifecycle (SDLC). Their core offerings include the Black Duck SaaS Platform, which integrates various application security testing methodologies such as Static Analysis (SAST), Software Composition Analysis (SCA), Interactive Analysis (IAST), and Dynamic Analysis (DAST). These tools help identify and mitigate security vulnerabilities, manage open-source risks, and ensure compliance with licensing requirements, primarily targeting enterprises in the automotive, financial services, healthcare, and technology sectors.WhiteHat Security's revenue model is based on a subscription framework for its software services, allowing clients to access its suite of application security tools via annual or multi-year contracts. The pricing structure accommodates different organizational needs through tiered subscription options. Clients engage directly with WhiteHat Security for software deployment, ensuring that services are tailored to integrate smoothly into existing development workflows. Partnerships with other technology providers are also formed to enhance service offerings, broadening market reach.Looking ahead, WhiteHat Security aims to continue expanding its portfolio and services. The acquisition by NTT Security GmbH is part of a strategy to augment service offerings. As of now, specific new products in development or launch dates have not been disclosed. The company is expected to leverage the recent funding from the Series F round, concluded on March 5, 2019, to support its growth initiatives and service enhancements.

## Funding rounds

- Series F, Feb 5, 2013, $31M — JMI Equity, Patricia Industries
- Series D, Jun 24, 2008, $7M — Garage Technology Ventures, Altos Ventures, Horizon Founders Capital, Startup Capital Ventures
- Series C, May 12, 2006, $3.5M — Garage Technology Ventures, Altos Ventures, ZAP Ventures, Authosis Ventures, Startup Capital Ventures
- Series B, Jan 1, 2005, $1.7M — Garage Technology Ventures, Authosis Ventures, Tuputele Ventures

## Investors

- Garage Technology Ventures (https://capitalatlas.ai/funds/garage-technology-ventures) — Series B, Series C, Series D
- Authosis Ventures (https://capitalatlas.ai/funds/authosis-ventures) — Series B, Series C
- Tuputele Ventures (https://capitalatlas.ai/funds/tuputele-ventures) — Series B
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series C, Series D
- ZAP Ventures (https://capitalatlas.ai/funds/zap-ventures) — Series C
- Startup Capital Ventures (https://capitalatlas.ai/funds/startup-capital-ventures) — Series C, Series D
- Horizon Founders Capital (https://capitalatlas.ai/funds/horizon-founders-capital) — Series D
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series F
- Patricia Industries (https://capitalatlas.ai/funds/patricia-industries) — Series F