Bridgecrew Inks USD 18 Million in Seed Investment and Series A

By Cloud Computing Outlook | Tuesday, June 30, 2020

Fremont, CA: Cloud security engineering firm Bridgecrew emerged from stealth and raised USD 14 million in a Series A round led by global investment firm Battery Ventures with participation from NFX. The company also raised USD 4 million from a seed funding round led by NFX. The Series A round was also participated by Sorensen Ventures, DNX Ventures, Tectonic Ventures, and Homeward Ventures.

"Most security breaches happen because of a slight mistake somewhere over the course of an extremely complex process," said Bridgecrew CEO and Co-Founder Tendler, who previously co-founded Fortscale, a cybersecurity company acquired by RSA Security in 2018. "Infrastructure security responsibility is naturally shifting left in organizations to software engineers, yet they lack the automation tools to remediate issues and quickly fix them. Bridgecrew is a developer-first company that automates security-engineering work without inflating the engineering backlog. Using rapid remediation, we not only save time and reduce workload from engineers, but we also help them to do their jobs better and ramp up organizational migration to the cloud."

Also, the company announced several strategic investors and cloud security luminaries that joined the Series A round, including, Lookout Founder Kevin Mahaffey, Spotify's head of security, David Hannigan, Marqeta CISO David Tsao, Netflix's head of cloud security, Srinath Kuruvadi, and AWS Security senior manager Ely Kahn.

"The current enterprise security model is unsustainable, given the move to cloud-native practices," said Dharmesh Thakker, general partner at Battery Ventures. "Although the massive shift to the cloud increases the 'attack surface' for bad actors, new opportunities are emerging for companies to fight back. Bridgecrew is a leader in this regard as the company enables developers to codify security and make it a part of their core workflows. We are excited to help Bridgecrew redefine the security landscape with this innovative approach."

The newly raised capital will be used to aggressively scale Bridgecrew's novel solution, which enables DevSecOps engineers to quickly and seamlessly secure cloud infrastructure and conduct remediation delivered as code. This comes only one year after the company was founded by cybersecurity experts Idan Tendler, Barak Schoster Goihman, and Guy Eisenkot.

"There is a tectonic shift in which cloud security is becoming a full responsibility of engineering teams. However, current tools are not developer-friendly and just create more tasks and burdens for the engineers," added Gigi Levy-Weiss, managing partner at NFX. "I have been so impressed with what the Bridgecrew team has built in such a short period of time and how they have shown value to a growing number of developers and customers throughout the globe."