Israeli company WhiteSource, a leader in open source security and management, raised $75 million in Series D funding led by Pitango Growth, with participation by existing investors M12, Microsoft’s venture capital fund, Susquehanna Growth Equity, and 83North, the company announced.
This additional round brings WhiteSource’s total funding to $121.2 million to date.
Founded in 2011, WhiteSource integrates with development environments and the DevOps pipeline to detect open-source libraries with security or compliance issues in real-time.
The company said in an announcement that it has seen dramatic growth in recent years and now works with more than 800 companies globally, helping organizations better protect their software applications without affecting the speed of software delivery or its performance.
“Application security needs have gone beyond just detection to include continuous prioritization and prevention, as demonstrated by recent software supply chain attacks,” said Rami Sass, co-founder and CEO of WhiteSource. “This investment brings us closer to creating a future where the cycle of application delivery is always a step ahead of any security risk, and where developers are easily equipped with code they can trust.”
“WhiteSource has established the standard for open-source security. We are excited to support them as they strengthen their leadership and expand their platform to a complete application security solution” said Isaac Hillel, managing partner at Pitango Growth, who will also be joining the WhiteSource Board of Directors.
Mony Hassid, M12 managing director and EMEA lead said the organization “recognized WhiteSource as a leader in the ‘shift left’ movement, helping enterprises take cybersecurity precautions earlier in the software development lifecycle.
“Since our initial investment in 2017, WhiteSource has made Microsoft a customer and a go-to-market partner with joint sales and product integrations via the M12 platform. We’re proud to support WhiteSource’s impressive growth and promote their vision for automated open source security.”
WhiteSource has offices in the US, the UK, and Israel