What is Black Duck Software?
Black Duck Software, formerly the Synopsys Software Integrity Group, is recognized as the market leader in application security testing (AST). The company offers a comprehensive portfolio of AppSec solutions designed to help organizations worldwide build trust in their software. By addressing the complexities of modern software development, assurance, and risk management, Black Duck empowers businesses to navigate the evolving landscape of cybersecurity threats and regulatory requirements. Their offerings are crucial for maintaining the integrity and security of software applications across various industries.
How much funding has Black Duck Software raised?
Black Duck Software has raised a total of $75.7M across 8 funding rounds:
Series B
$12M
Series C
$12M
Series D
$9.5M
Series E
$12M
Series F
$20M
Series G
$5M
Debt
$150K
Series B (2005): $12M led by General Catalyst Partners, Red Hat, SAP Ventures, Fidelity Ventures, Flagship Ventures, and Intel Capital
Series C (2007): $12M supported by Intel Capital, Focus Ventures, SAP Ventures, Flagship Ventures, Fidelity Ventures, and General Catalyst Partners
Series D (2009): $9.5M featuring Gold Hill Capital, Fidelity Ventures, Focus Ventures, General Catalyst Partners, Red Hat, Flagship Ventures, Intel Capital, and SAP Ventures
Series E (2011): $12M backed by Sapphire Ventures, Flagship Pioneering, General Catalyst, Split Rock Partners, Focus Ventures, Volition Capital, Intel Capital, SAP, and Red Hat
Series F (2014): $20M with participation from General Catalyst Venture Partners
Series G (2015): $5M led by Siemens
Debt (2020): $150K supported by PPP
Key Investors in Black Duck Software
General Catalyst Partners
General Catalyst is a venture capital firm that supports transformational business opportunities across multiple sectors and stages, backing entrepreneurs with ambitious visions. They provide strategic capital and operational expertise to accelerate growth and build enduring enterprises.
Red Hat
Red Hat is the world's leading provider of enterprise open source solutions, delivering hardened solutions that simplify enterprise operations across diverse platforms and environments.
Intel Capital
Intel Capital, a division of Intel, invests in innovative startups across a range of technologies including AI, autonomous vehicles, and cloud computing, aiming to foster technological advancement.
What's next for Black Duck Software?
With a substantial history of capital infusion, including its most recent strategic investment, Black Duck Software is well-positioned for continued expansion and technological advancement. The company's focus on application security testing suggests a trajectory aimed at enhancing its solutions for identifying and remediating vulnerabilities in open-source and proprietary code. Future developments are likely to involve deeper integration into DevOps pipelines, broader support for emerging programming languages and frameworks, and advanced analytics for risk assessment. The consistent backing from prominent technology investors indicates a strong market demand for robust software security solutions, paving the way for Black Duck to solidify its leadership in the application security market.
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