Contrast Security, an application security business located in California, revealed on Thursday that it had raised $65 million in a Series D fundraising round, bringing the total amount of money the company has raised to $122 million. Warburg Pincus led the financing, and current investors AXA Venture Partners, General Catalyst, Microsoft’s M12 venture fund, Battery Ventures, and Acero Capital also participated. Contrast claims that the market for its products is growing, and it intends to use the fresh capital to boost technological advancement, field operations, and global expansion. Regardless of the development methodologies (DevOps, Waterfall, Agile) or technologies (cloud, open source, and containers), the company’s solutions are made to safeguard applications at every stage of their lifecycle by integrating vulnerability analysis and exploit prevention techniques right into the software.
