GERMANY – Code Intelligence, a Bonn, Germany-based software security company, closed a €2 financing round.
The round, which follows the seed round raised in September 2018 and led by High-Tech Gründerfonds alongside Digital Hub Bonn, was led by LBBW Venture Capital with participation from Occident and investiere. The company intends to use the funds to provide new features for the testing platform, including a cloud-based offering, and to expand the sales and customer success efforts. Launched in 2018 by Dr. Khaled Yakdan, Dr. Henning Perl, Sergej Dechand and Prof. Matthew Smith, Code Intelligence has developed a platform allowing continuous and automated dynamic application security testing during the entire software development lifecycle. CI Fuzz enables development teams to develop and secure applications by automating application security testing technologies (e.g. smart fuzzing), Furthermore, it simultaneously simplifies processes and creates collaboration between development, security, and operations teams. The testing platform is so far available for C/C++, Java (all JVM languages), and Golang and can be deployed both in the cloud and on-premise. Customers include Deutsche Telekom AG, Robert Bosch GmbH and Deutsche Börse AG, among others. 24/06/2020
