04 December 2019:
Cybersecurity startup GitGuardian has raised $12 million in Series A round of funding. The funding round was led by Balderton Capital. Scott Chacon (co-founder of GitHub), and Solomon Hykes (founder of Docker) also participated in the funding round.
The startup will use the fresh capital to expand its customer base, predominantly in the US.
Jérémy Thomas, Co-Founder and CEO, GitGuardian, said, “Through our detection and alerting services, GitGuardian has already supported global government organisations, more than 100 Fortune 500 companies and 400,000 individual developers to date. Currently, every company with software development activities is concerned about secrets spreading within the organisation, and in the worst case, to the public space. As a company with so much sensitive information at hand, we have built a culture of unconditional secrecy at our core.”
Suranga Chandratillake, Partner, Balderton Capital said,”The modern software development process is remarkable in its ability to allow large, distributed teams to deliver complex systems quickly. However, the very connectivity and openness this depends on has left many companies unwittingly exposed.”
Suranga Chandratillake, added, “Rather than encumber technology organisations with limiting compliance procedures, GitGuardian allows the modern enterprise to develop code quickly and how it wants to, but with automated visibility and protection over how data, credentials and other sensitive information is used, moved and shared. We are delighted to be joining Jeremy and Eric on their mission to build a platform that allows more people to build more code faster and more safely.”
Solomon Hykes, Founder of Docker and Investor at GitGuardian, said, “Securing your systems starts with securing your software development process. GitGuardian understands this, and they have built a pragmatic solution to an acute security problem. Their credentials monitoring system is a must-have for any serious organisation.”
(Image – GitGuardian)