NeuraLegion, an application security platform, has closed its Series A funding round on $20m, alongside its rebrand to Bright Security.
Evolution Equity Partners served as the lead investor, with commitments also coming from DNX Ventures, J-ventures, Fusion Fund, and Incubate Fund.
The name change is aimed at reflecting its mission to “illuminate the security testing process.”
Bright Security claims that while there is an increased rate of applications in development, security tools have not evolved to meet the rising demand.
Its technology is aimed at improving application security. AppSec teams can leverage the technology to outline governance and parameters for what needs to be tested and how, and development teams can utilise it throughout the software development lifecycle to identify vulnerabilities and ensure they never make it to production.
Evolution partner Karthik Subramanian said, “Application Security is ready for an overhaul to meet the demands of the current market.
“Tools that were built exclusively for the AppSec team are already antiquated if they aren’t usable by developers and the DevOps team`, and our tools must evolve to ensure security isn’t the job of one team, but rather a joint mission with shared and distributed responsibilities.”
Bright Security is used by 4,000 organisations, including leading technology companies, global financial institutions and cybersecurity companies.
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