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DeepFactor raises $15M in Series A from Insight partners and others to continue developing its AppSec observability platform, automatically observing billions of live telemetry events to detach anomalies without making code changes
DeepFactor, a company enabling developers to ship secure code without sacrificing productivity, raised $15 million in a Series A funding round led by Insight Partners to deliver application security to cloud-native applications, a press release from the company said.
The seed round funding for DeepFactor came in August this year, where it raised an undisclosed sum. With the close of this round, the total funding raised by DeepFactor touches $18.4 million to date. Existing investors, including Emergent Ventures Security Leadership Capital and Tricentis, participated in the round.
DeepFactor, launched in 2020, empowers engineering teams by offering runtime visibility and control over an application’s supply chain, security and compliance. Kiran Kamity, CEO and co-founder of DeepFactor, stated that Enterprises are increasingly building cloud-native applications and need a state-of-the-art AppSec platform that delivers a new level of visibility into the supply chain, security and compliance risks.
We enable developers to ‘start left’ with a tool designed specifically for engineering so they can secure at the source. Given the vast resources and experience available from Insight Partners, we are absolutely thrilled to be working with them as we continue to redefine AppSec for an evolving industryKiran Kamity, CEO and co-founder of DeepFactor
DeepFactor said it would use the proceeds from the funding to continue developing its AppSec observability platform, automatically observing billions of live telemetry events to detach anomalies without making code changes. Additionally, DeepFactor would look to enhance its product functionality in areas like privacy, compliance and CI/CD integration.
DeepFactor is in the exciting new space converging between the software development lifecycle and application security. There is an immediate necessity for a developer-native observability solution for the application layer and the need to identify supply chain, security, privacy, and compliance risks at the beginning of and during development are more important now than ever. DeepFactor addresses that market need. DeepFactor presents an opportunity to invest in the future of software development, especially considering the platform benefits Engineering teams and the AppSec teams. Their management team has a history of success, and their technology is a game-changer in this important area.Josh Zelman, vice president at Insight Partners, who would also join the DeepFactor Board