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Application Security Firm ShiftLeft Raises $20 Million

Application security firm ShiftLeft on Tuesday announced that it raised $20 million in a Series B funding round, which brings the total raised by the company to nearly $30 million.

The funding round was led by Thomvest Ventures, with participation from new investor SineWave Ventures and existing investors Bain Capital Ventures and Mayfield.

ShiftLeft says it plans on using the newly obtained funds to drive broader adoption of its solutions by expanding its product portfolio, application coverage, and sales and marketing initiatives.

ShiftLeft, which emerged from stealth mode in October 2017 with $9 million in funding, provides solutions designed to help developers identify vulnerabilities in their code and protect their applications.

The company’s products are powered by its Code Property Graph (CPG), a technology designed for quickly analyzing high volumes of source code in search of vulnerabilities. Its Inspect service provides static application security testing...(continued)

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