DevOps firm Cycode bags $20m Series A to expand sales, marketing reach

DevOps security enterprise Cycode has raised $20m from a Series A funding round led by Insight Partners.

The round also saw participation from seed investor YL Ventures. Following this funding round, Cycode has raised a total of $25m.

Established in 2019, the Tel Aviv-based Cycode is focused on securing the DevOps tools. It claims it markets the industry’s first source code control, detection, and response platform.

The company’s Source Path Intelligence engine provides seamless, comprehensive visibility into a user’s code and automatically seeks to detect and respond to anomalies in its access movement and usage.

Cycode focuses on the areas of access and authorisation, security configuration, compliance and scanning engines. Through these areas, Cycode looks to secure source control management systems, cloud infrastructure, registries and build systems.

The company has also introduced a knowledge graph that provides insights based on user activity and asset information harvested from security scanners, infrastructure and DevOps tools.

According to Cycode, it will use the new influx of capital to expand sales and marketing efforts across the company.

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