Application Security Startup Wabbi Raises Over $2 Million in Seed Funding
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Female-founded application security startup Wabbi on Tuesday announced raising more than $2 million in an oversubscribed seed funding round.
The funding round was led by Mendoza Ventures, with participation from Cisco Investments and several other companies and angel investors. Wabbi plans on using the money to scale its team.
The company offers a continuous security platform designed to help organizations develop secure software. Its capabilities include vulnerability management, policy management and compliance monitoring, and automated security quality checks. The platform can be integrated with several widely used development and security tools.
Founded in 2018, Wabbi claims its product has already been used by Fortune 1000 organizations, and it was recently awarded a contract with the U.S. Air Force.
Wabbi was founded by Brittany Greenfield, who serves as the company’s CEO. Greenfield previously held roles at NetSuite, Kronos, Cisco and Cybereason.
“Wabbi is the right product at the right time for the right market,” said Senofer Mendoza, co-founder and general partner of Mendoza Ventures. “Every development team I have shown this solution to is genuinely excited about its ability to solve a problem they have been grappling with for too long. The DevSecOps market has matured to the point that it can meet the collaboration Wabbi offers.”
Eduard Kovacs (
) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
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November 3, 2021 at 09:19AM