Burlington, Mass. – Veracode, a Burlington-based provider of application security services, announced on Thursday it has raised $30 million in additional venture capital in a deal led by Meritech Capital Partners.
Veracode provides application security as a service to help commercial enterprises and government agencies address the threat posed by hackers.
“Our momentum is significant – we achieved over 150 percent year-over-year growth, built-out the team by 30 percent including the addition of key executives, and now have added the backing of an iconic investor to fuel our expansion,” said Bob Brennan, CEO of Veracode, in the announcement.
Other investors in the deal include Atlas Venture, .406 Ventures and StarVest Partners.
This article was also published in New England Tech Wire.
Veracode – official site
Veracode – press release
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