Cycode raises $4.6M seed round to keep your source code safe
Cycode, an Israeli security company that aims to protect enterprises’ source code, today announced that it has raised a $4.6 million seed led by YL Ventures. Among others, Andy Grolnick, the former president and CEO of LogRhythm, Justin Somaini, the former CSO of SAP, and Eyal Gruner, the founder and CEO of Cynet, also participated.
The co-founders, Lior Levy (CEO) and Ronen Slavin (CTO) argue that for most companies, source code protection remains a gap in their security posture. “We’ve seen many different security products and we came to the conclusion that current security controls and tools are just not good enough at security and protecting source code,” Levy told me. He argues that unlike with a lot of other intellectual property, you can’t just put source code in an encrypted database and enforce access roles. Source code, after all, tends to live in a lot of different places, making standard access control techniques much harder to apply.
Cycode then connects to different services where the source code sits, including the likes of GitHub and Bitbucket, and then tries to understand how the organization uses that code. It provides visibility into how
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