StackHawk Raises $20.7M Series B for API Security Testing

StackHawk, which makes application security testing part of software delivery, has secured $20.7 million in capital co-led by Sapphire Ventures and Costanoa Ventures with participation from Foundry Group and other high-value investors. StackHawk will invest the funding in product expansion in developer-first applications and API security testing and to continue its growth. This latest financing brings StackHawk’s total funding raised to $35.3 million.

Every modern software development organization has shifted from quarterly releases to daily or hourly releases, incorporating continuous integration and continuous delivery (CI/CD). In FinTech, HealthTech, cloud analytics and AI platforms, customers entrust their most critical data to software providers. Periodic manual security testing by an external team is too risky. Because of this, modern software development organizations extend CI/CD to encompass continuous application and API security testing. This way security vulnerabilities are detected while the developer is working on the code.

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