Cycode raises $56 million Series B for software supply chain security solutions
The new funding comes just six months after the Israeli cybersecurity company raised a $20 million Series A
Meir Orbach | 16:00, 30.11.21
Israeli cybersecurity company Cycode, which develops software supply chain security solutions, announced on Tuesday a $56 million Series B round led by New York-based global private equity and venture capital firm, Insight Partners. YL Ventures, a global VC firm specializing in Israeli cybersecurity investments, who led Cycode’s seed investment, also participated in the round. The funding comes on the heels of Cycode’s $20 million Series A funding in May of 2021. This round brings the total investment to $81 million. Cycode was founded in 2019 by CEO Lior Levy, a former Solutions Architect at Symantec, and serial entrepreneur Ronen Slavin, who serves as the company’s CTO. Cycode's product secures DevOps pipelines and provides full visibility into enterprise development infrastructures, protecting source code from the risk of theft, leakage, and manipulation. Cycode employs around 50 people in its offices in Tel Aviv and the U.S. and intends to hire 70 additional staff in the near future.