Cycode
Unified ASPM platform with its own proprietary SAST, SCA, secrets, IaC, and container scanners covering the pipeline from code to cloud.
Visit Website ↗Overview
Cycode was founded in Tel Aviv in 2019 by Lior Levy, Ronen Slavin, and Dor Atias. Cycode’s pitch is a single ASPM platform that runs its own built-in scanners — SAST, SCA, secrets detection, IaC, and container scanning — rather than only ingesting other vendors’ findings, plus pipeline and CI/CD security to catch supply-chain tampering.
In April 2024, Cycode acquired Bearer, a static data-flow security scanner, to strengthen its proprietary code-analysis engine. The platform correlates results from its own scanners across the SDLC into a single risk backlog.
Cycode has raised a total of about $81M, most recently a $56M Series B (November 2021, led by Insight Partners). No newer funding round was found.
Innovation Matrix Assessment
Built proprietary scanners across SAST/SCA/secrets/IaC/containers in-house and acquired Bearer in 2024 to add data-flow-aware SAST.
Owning its own scanners lets Cycode correlate findings natively; case studies cite doubled security coverage and streamlined developer workflows.
Total funding ($81M) and last disclosed round (Series B, November 2021) are smaller and older than several peers, suggesting comparatively slower fundraising momentum.
One of the earliest ASPM entrants — an RSA Conference 2022 Innovation Sandbox pitch — and an early mover on the unify-scanning-plus-correlate architecture.
Publishes named case studies with real enterprise customers (UBS, Broadcom, Unity, StoneX, Zebra Technologies) describing concrete outcomes.
Supply-chain and CI/CD pipeline security plus proprietary code scanning remain directly relevant as software supply-chain attacks continue to be a major threat vector.
Why CISOs Should Care
Consolidates several previously separate AppSec tool categories under one proprietary platform, reducing the number of point-tool contracts and dashboards.
What Makes It Different
Builds and owns its detection engines rather than purely aggregating third-party scanner output, betting on tighter, lower-latency correlation.
The Matrix Verdict
67/100 — INCREMENTAL INNOVATOR
Incremental Innovator (67/100): a genuine early mover in ASPM with a credible proprietary-scanner architecture and real named customers, but funding momentum has visibly slowed relative to faster-raising peers.
Editorial Note: Claims vs. Verified Findings
Named customers and the Bearer acquisition are corroborated across multiple sources. Specific performance metrics stated on Cycode's own site could not be independently verified against original analyst reports.
Sources
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