Crosscode, an enterprise software development company, has closed a $9.25m Series A round of funding.
Investors were not revealed, but the funds are being used to develop the company’s Panoptics platform, a solution designed to help businesses with cloud migration, securing customer data and modernise business operations. Additionally, proceeds are being used to enhance Crosscode’s sales and marketing teams.
Panoptics is a code-level software mapping platform which automatically discovers applications running in a customer’s software environment and uses static and dynamic analysis techniques to identify security issues both in code and third-party components. Other capabilities of the solution include the ability to change code, establish notifications for changes made, and audit software.
The Crosscode platform is used by the financial services, insurance, government, healthcare, retail and manufacturing industries. Panopitics is not its only available product, with other offerings including application discovery and mapping, automated IT governance, enterprise audit trails, and enterprise impact assessments.
Its technology can help teams meet GDPR compliance by automatically tracking changes, giving granular controls over databases, and whenever a non-compliant change is made, an alert is made. Crosscode also ensures the protection of the data, with real-time security measures for cloud and multi-cloud environments capable of identifying vulnerabilities within applications,
Crosscode CEO Aditya Sharma said, “We are gratified by the investor confidence in our mission. We look forward to using this capital to develop our business and the Panoptics platform, and provide exceptional value to our customers, whether their needs lie in change management or cybersecurity.”
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