ShiftLeft Raises $29M in Expansion Capital


ShiftLeft, a Santa Clara, CA-based provider of an automated application security platform, raised $29M in funding.

The round was led by SYN Ventures and Blackstone. As part of the expansion capital funding, SYN Managing Partner Jay Leek will join the ShiftLeft Board of Directors.

The company intends to use the funds to accelerate product development to incorporate cloud native architectures, marketing and sales efforts.

Led by CEO Manish Gupta, ShiftLeft provides developers and AppSec teams with an automated application security testing platform to reduce risk by quickly finding and fixing the vulnerabilities most likely to reach their applications and ignoring reported vulnerabilities that pose little risk.

A unified code security platform, ShiftLeft CORE scans for attack context across APIs, OSS, internal microservices, and first-party business logic by combining results of the company’s NextGen Static Analysis (NG SAST) and Intelligent Software Composition Analysis (SCA). Using its graph database that combines code attributes and analyzes actual attack paths based on real application architecture, ShiftLeft then provides detailed guidance on risk remediation within existing development workflows and tooling to fix the vulnerabilities.

The company will expand its product capabilities .