{"id":4594,"date":"2021-12-08T12:55:13","date_gmt":"2021-12-08T11:55:13","guid":{"rendered":"https:\/\/www.joffeassocies.com\/?p=4594"},"modified":"2024-04-11T15:27:36","modified_gmt":"2024-04-11T13:27:36","slug":"gitguardian-secures-two-funds","status":"publish","type":"post","link":"https:\/\/www.joffeassocies.com\/en\/gitguardian-secures-two-funds\/","title":{"rendered":"GitGuardian secures two funds"},"content":{"rendered":"<p>Article CF NEWS BY RODOLPHE LANGLOIS Published on 7 Dec 2021 at 14:00<\/p>\n<p>&nbsp;<\/p>\n<p>GitGuardian&#8217;s international dimension is set to grow further in the coming months. Born in 2017, this publisher of an automated detection solution for secrets hosted in the cloud has generated 75% of its revenues in the United States since its first round of funding in 2019, which has remained confidential (see below). The company, co-founded by J\u00e9r\u00e9my Thomas and already sponsored by Balderton Capital, Bpifrance and Germany&#8217;s Fly Ventures, is opening up directly to Eurazeo and Californian VC Sapphire Ventures in its series B round, which amounts to just over \u20ac39m ($44m). Alongside these two investors, who were also involved in Andjaro&#8217;s third round last year (see below), several of the company&#8217;s historical shareholders have taken the opportunity to strengthen their positions. Together, they value the Paris-based software publisher at just over \u20ac156m ($177m), three times more than two years ago. The whole process was quick,&#8221; says J\u00e9r\u00e9my Thomas, &#8220;since it took us a month to obtain our first term sheet. After that, we had to turn down proposals from five investment funds.<\/p>\n<p>&nbsp;<\/p>\n<h4><strong>A first branch in the US<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>Within the source code security market, which is expected to reach between $50 and $100 billion by 2025, GitGuardian operates in a niche vertical, DevSecOps, estimated at $10 billion, i.e. the automated detection and identification of leaks of sensitive authentication data processed daily by developers. Its international clients include Talend, Mirantis, Instacart, Genesys, Now:Pensions and Maven Wave, &#8220;which spent an average of $140K this year,&#8221; adds the executive. We are the number one source code security application on GitHub in terms of number and installation, with 130,000 downloads.&#8221; The company, which employs 60 people, wants to take advantage of its funding to add other types of vulnerability, and thus move into adjacent verticals by 2022, which form a &#8220;very fragmented&#8221; market, in which the Israeli start-up Checkmarx, in particular, is operating. GitGuardian should also open its first foreign office next year, with the creation of an office in Texas, headed by J\u00e9r\u00e9my Thomas. The publisher could also launch a recruitment campaign for a hundred people by 2022.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article CF NEWS BY RODOLPHE LANGLOIS Published on 7 Dec 2021 at 14:00 &nbsp; GitGuardian&#8217;s international dimension is set to grow further in the coming months. Born in 2017, this publisher of an automated detection solution for secrets hosted in the cloud has generated 75% of its revenues in the United States since its first [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4591,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-4594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GitGuardian secures two funds &#8211; Joffe &amp; Associ\u00e9s<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.joffeassocies.com\/en\/gitguardian-secures-two-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GitGuardian secures two funds\" \/>\n<meta property=\"og:description\" content=\"Article CF NEWS BY RODOLPHE LANGLOIS Published on 7 Dec 2021 at 14:00 &nbsp; GitGuardian&#8217;s international dimension is set to grow further in the coming months. 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