Paladin, Goldman Sachs back $73m raise for Sydney's Secure Code Warrior

Paladin, Goldman Sachs back $73m raise for Sydney's Secure Code Warrior

Secure Code Warrior CEO and co-founder Pieter Danhieux (supplied).

Sydney-headquartered safe coding education scale-up Secure Code Warrior has successfully closed a US$50 million ($72.6 million) Series C round led by advanced technologies investor Paladin Capital Group, alongside backing from other US heavyweights Goldman Sachs and ForgePoint Capital.

The announcement takes Secure Code Warrior's total funding since inception to US$100 million ($145.3 million), and will accelerate product innovation and go-to-market efforts for the company which now services more than 600 enterprises and also has offices in Boston, Portland, London, Bruges and Reykjavik.

Secure Code Warrior plans to focus on increasing market share and further empowering developer and engineering teams to gain the skills needed to identify vulnerabilities and fix code faster using the latest artificial intelligence technology.

"Enterprises know that there is no one size fits all approach to developer-driven security and seek the ability to offer solutions that are effective across their teams," says CEO Pieter Danhieux, who co-founded Secure Code Warrior in 2015.

The company has multiple co-founders based in various parts of the world, including Matias Madou, Fatemah Beydoun, Colin Wong, Jaap Karan Singh and Nathan Desmet.

"We have focused on our platform to enable agile learning, through multiple learning paths and experiences, including our real-time feedback option with Coding Labs, to create the most comfortable learning environments possible," Danhieux explains.

"This reality wouldn’t be possible without the continued trust and confidence of our investors and our employees."

Paladin Capital Group managing director and Secure Code Warrior board member Mourad Yesayan says the company has proven it is at the forefront of enabling developers to remain agile while learning secure coding.

"The value they deliver to 600 enterprises and counting has never been more important in this dynamic, AI-influenced global economy where secure-aware developers and engineering teams are a massive asset," Yesayan says.

"It is a privilege to be on this journey with Pieter, Matias, and the entire Secure Code Warrior organisation, and we are excited about new innovations the company will bring to bear to make secure coding even more accessible to the broader market."

Goldman Sachs' managing director for enterprise technology developments, David Campbell, says that since inception Secure Code Warrior's singular mission has been to help developers build more secure code in enterprises across financial services, technology, manufacturing, and so many other industry sectors.

"Vulnerable code continues to be a risk with commercial and reputational impact on enterprises," Campbell says.

"While traditional tools help with application security, hands-on cybersecurity education adds the differentiated ability to build secure software."

Coinciding with the Series C funding round, the company named Imperva’s chief customer officer, Nanhi Singh, to its board of directors and appointed Patrick Collins as its chief product and technology officer.

"I couldn’t be more thrilled to welcome Nanhi and Patrick, who will, undoubtedly, provide invaluable contributions in the months ahead," says Danhieux.

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