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BOSTON (PRWEB) NOVEMBER 02, 2021 — Wabbi, a steady safety platform, introduced immediately it has raised over $2 million in an oversubscribed seed funding spherical led by Mendoza Ventures, with participation from Cisco Investments.
Wabbi will use the capital to scale its staff to accommodate rising buyer demand. The funding allows Wabbi to proceed delivering industry-leading expertise to simplify steady safety administration by guaranteeing code is at all times able to ship in keeping with probably the most present safety requirements.
“We’re excited so as to add the assist of strategic traders to assist us ship our unmatched strategy to bridge the hole between safety and improvement. The funding will allow us to satisfy the quickly rising demand from new and current clients to show software safety from a bottleneck right into a strategic benefit by way of steady safety deployment,” mentioned Brittany Greenfield, Wabbi CEO and Founder.
As an RSA Innovation Sandbox 2021 finalist, Wabbi allows corporations to assimilate software safety processes into improvement pipelines to supply and scale software safety throughout enterprises. Improvement groups are empowered to handle safety of their current workflows. On the identical time, safety groups have visibility into and take accountability for the administration of software safety by all stakeholders in a single platform. Wabbi continues to drive development throughout new and current clients, together with Fortune 1000 organizations. Earlier this yr, the corporate was awarded a U.S. Air Pressure SBIR Part I Contract.
“Wabbi is the proper product on the proper time for the proper market. Each improvement staff I’ve proven this answer to is genuinely enthusiastic about its capacity to resolve an issue they’ve been grappling with for too lengthy. The DevSecOps market has matured to the purpose that it could meet the collaboration Wabbi affords. As a female-funder, I’m proud to spend money on Wabbi with an extremely proficient female-founder on the helm of a high-growth cybersecurity firm. This funding, and Brittany’s management can have ripple results throughout each our industries,” mentioned Senofer Mendoza, Co-Founder and Common Associate of Mendoza Ventures.
Analysis exhibits that 9 out of 10 breaches start with defects in code. Startling stats like that impressed Greenfield to determine Wabbi in 2018 to upend the {industry}, which was solely targeted on perimeter safety. After graduating from Duke College, Greenfield held roles at NetSuite and UKG, specializing in driving go-to-market methods. Subsequently, she transitioned her deep information of enterprise expertise into cybersecurity whereas at MIT Sloan College of Administration and through her time at Cisco and Cybereason.
“In a extremely fragmented market riddled with level options attempting to resolve the issue of deploying safety in fashionable improvement pipelines, Wabbi’s Steady Safety platform is unparalleled,” mentioned Greenfield. “By specializing in deploying end-to-end software safety applications, organizations can enter the following period of Software Safety. An period now not restricted to the strains of code, however inclusive of every thing the applying touches.”
“Software safety is not only about strains of code, however every thing that the code touches. With Wabbi, organizations can bridge the divide between the agility that DevOps groups need with the rigorous requirements that safety groups demand,” mentioned Janey Hoe, Vice President, Cisco Investments. “Wabbi is a direct funding from our Cisco Investments diversity-focused Aspire Fund. We’re excited to see variety represented within the Wabbi management staff.”
Different strategic traders who participated within the spherical embody Work-Bench, NLA Ventures, Dr. James Money, CEO and Chairman at CPARU, Founder and CEO of StormForge, Matt Provo and ML/AI Knowledgeable and HBS Professor, Karim Lakhani. Earlier traders embody Black Duck Software program Founder and former CEO, Doug Levin, Federal Expertise Govt, Harvey Morrison, Tech CEO & Director, Lou Shipley, and Underscore VC.
About WabbiTo meet the ever-escalating calls for of deploying software safety in immediately’s improvement pipelines, Wabbi’s Steady Safety platform permits organizations to confidently ship code that meets their software particular safety requirements, with out sacrificing agility or velocity. By orchestrating every enterprise’s distinctive software safety program, safety groups seize centralized, automated governance, whereas improvement groups are empowered to handle safety as a part of their day-to-day workflows, unifying processes between Improvement, Safety & Operations groups. With Wabbi, there isn’t a starting, no finish – solely Steady Safety.
About Mendoza VenturesMendoza Ventures is an early and development stage Fintech, AI, and Cybersecurity enterprise fund that gives an actively managed strategy to VC. We spend money on areas the place now we have deep area experience, corporations with early income, a transparent worth proposition and utilizing a confirmed due diligence mannequin. We concentrate on variety as enjoying an vital function in our funding selections, as roughly 75% of our portfolio consists of start-ups led by immigrants, folks of coloration, and ladies. Based mostly in Boston, Mendoza Ventures is women-owned and the primary LatinX-owned enterprise fund on the East Coast. The agency is run by Adrian and Senofer Mendoza, entrepreneurs and prior operators who’re veterans of the Boston start-up ecosystem.
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