Cycode expands its security offerings with acquisition of DevOps startup Bearer

Introduction

bearer

DevOps security startup Cycode Ltd. today announced that it has acquired cloud data security solutions startup Bearer LLC for an undisclosed price.

Founded in 2018, Bearer offers artificial intelligence-powered static application security testing, application programming interface discovery, and data leak protection. The company’s service finds and fixes vulnerabilities through deep developer workflow integration, modern language and framework support, and fast and accurate scans.

Designed as a developer-first platform, the service focuses on solving critical challenges in the security and privacy space. Bearer also offers experienced technology leaders and technical experts who work on real engineering challenges to help security professionals address significant issues efficiently.

The company approach involves providing privacy insights by analyzing source code, enabling modern software-as-a-service companies to enhance their application security programs and discover sensitive data flows within their applications.

For Cycode, the acquisition of Bearer is aimed at boosting its mission to deliver safe code faster and supercharge its application security posture management, or ASPM. It says the combination delivers scanning speeds 31% faster than the competition by using AI for more contextual remediation and enhanced precision, offering an enhanced developer experience for faster shipping.

Cycode added that the acquisition strengthens its position as a leader in the ASPM industry and redefines what developers can expect in terms of efficiency, accuracy, and ease of use. As the entire ASPM platform is built natively by Cycode, additional open-source scanning capabilities are not required.

“Our acquisition of Bearer represents a pivotal moment for Cycode and our complete ASPM platform,” said co-founder and Chief Executive Lior Levy. “Integrating Bearer’s modern SAST, API discovery, and data leak protection technology into our platform is more than an enhancement; we’re providing the easiest way in the market for security teams and developers to interact together and work through security vulnerabilities.”

Coming into its acquisition, Bearer had raised $8 million in funding, according to data from Tracxn. Investors included Alven Inc., Kima Ventures LLC, Partech Inc., and Point Nine Management GmbH.

Cycode is also a venture capital-backed startup, having raised $81 million, including a round of $56 million in November 2021. Investors include Insight Partners and YL Ventures LLC.