Founded in 2004 by Alan Naumann and Peter Gleason, Contrast Security offers an easy-to-use data protection solution that helps organizations keep sensitive data secure. The company’s customers include DocuSign, AXA, BMW, and Zurich. The company also partners with AWS, IBM, Microsoft, and VMware.
About Contrast Security
Founded by Jeff Williams and Arshan Dabirsighi, Contrast Security is a next-generation code security platform that embeds code analysis directly into software. In addition to securing applications in development, Contrast extends protection to production applications.
The company’s most recent funding round was a $150 million Series E led by Liberty Strategic Capital and Battery Ventures with participation from the likes of AXA Venture Partners, Acero Capital and General Catalyst. The company will use this newfound capital to further build on its strong market presence and aggressive growth plans. The company has already secured customers from the likes of AWS, BMW, Google and SOMPO Japan. The company will continue to expand its global footprint through additional strategic investments and strategic partnerships. The company will also expand its security product portfolio to include cloud security, app security, and malware detection.
Partners with AWS, IBM, Microsoft, and VMware
Earlier this year, VMware signed deals with IBM and Microsoft. The companies will work together to help regulated industries and enterprises migrate their workloads to the cloud. The partnership will also enhance VMware’s capabilities in the cloud market.
VMware’s main deal with AWS is designed to help customers run mission-critical workloads on Amazon’s public cloud. The partnership allows customers to use their existing assets and processes to run VMware software on AWS. It provides them with more flexibility, less infrastructure sprawl, and lower operating costs.
VMware and IBM also announced an expanded partnership at VMware Explore 2022. The companies will work together to develop a joint go-to-market strategy. This will help companies move their workloads to the cloud while preserving VMware investments.
IBM is also a premier-tier service provider on AWS. It is an AWS partner for business development, and has more than 100 dedicated resources for business development.
CEO Alan Naumann
During the recent funding round, Contrast Security raised $150 million in a Series E round led by Liberty Strategic Capital. This funding was a part of an effort to expand the company’s customer base, as well as to execute strategic opportunities. The funds will also help to increase the company’s market share in the software security industry.
Contrast Security is a leader in next-generation code security tools. Its technology detects vulnerabilities in software applications and blocks attacks. Its customers include DocuSign, BMW, and the American Red Cross. Its technology also provides context-specific guidance for vulnerability remediation. The company partners with Google, Microsoft, and AWS, and has developed an Application Security Platform that embeds code analysis into software applications. This technology has removed security roadblock inefficiencies and eliminated false positives.
The Middle East region, which includes North Africa, Afghanistan, and Pakistan, continues to experience a modest recovery, with passenger numbers forecast to reach 98% of the 2019 level by 2024. The region will also benefit from an expected shift in passenger preferences toward short-haul travel. However, with limited short-haul markets, the Middle East region’s recovery is expected to be slower than other regions. Similarly, the Asia-Pacific market is expected to recover to 109% of the 2019 level by 2025. However, downside risks are possible due to tighter global financial conditions and a weaker than expected recovery in the region.