Backslash Security, a cloud-native app security solution for enterprise AppSec teams, has come out of stealth with $8m in funding.
The round was led by StageOne Ventures and saw participation from First Rays Venture Partners, D.E. Shaw & Co and a range of security veterans as angel investors.
Backslash claims it is the newest enterprise AppSec solution to provide unified code and cloud-native security by correlating cloud context to code risk, bolstered by automated threat modelling, code risk prioritisation, and simplified remediation across applications and teams.
The company said it was specifically designed to address the persistent, time-consuming and manual ways of discovering and mapping applications code risks, and the cloud-native context gaps left unaddressed by previous generation SAST tools.
The Backslash Cloud-Native Application Security solution provides AppSec teams with security insights and business context to the code risk, while tracking the security posture of different applications and teams involved.
Backslash CEO and co-founder Shahar Man said, “AppSec teams are stuck with a decades-old paradigm of noisy vulnerability scanners, while cloud security teams have been enjoying modern, visual ways to zero in on and secure cloud infrastructure risks and vulnerabilities.
“Backslash is here to uplevel the cloud-native security game for AppSec professionals by capturing the full context of cloud-native application security risk – because soon enough, most applications will run on cloud, and application security will be what matters most. The Backslash team is honored to have the support of renowned cybersecurity entrepreneurs and investors to help us achieve our vision.”
Fenix24, a cyber disaster recovery firm that is transforming the post-breach restoration process and impact, has raised $5m in funding.
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