GitGuardian raises $12M to help developers write more secure code and ‘fix’GitHub leaks
1Reported today on TechCrunch
For the full article visit: https://techcrunch.com/2019/12/04/gitguardian-raises-12m-to-help-developers-write-more-secure-code-and-fixgithub-leaks/
GitGuardian raises $12M to help developers write more secure code and 'fix'GitHub leaks
Data breaches that could cause millions of dollars in potential damages have been the bane of the life of many a company. What's required is a great deal of real-time monitoring. The problem is that this world has become incredibly complex. A SANS Institute survey found half of company data breaches were the result of account or credential hacking.
GitGuardian has attempted to address this with a highly developer-centric cybersecurity solution.
It's now attracted the attention of major investors, to the tune of a $12 million in Series A funding, led by Balderton Capital . Scott Chacon, co-founder of GitHub, and Solomon Hykes, founder of Docker also participated in the round.
The startup plans to use the investment from Balderton Capital to expand its customer base, predominantly in the US. Around 75% of its clients are currently based in the US, with the remainder being based in Europe, and the funding will continue to drive this expansion.
Built to uncover sensitive company information hiding in online repositories, GitGuardian says its real-time monitoring platform can address the data leaks issues. Modern enterprise software developers have to integrate multiple internal and third-party services. That means they need incredibly sensitive "secrets", such as login details, API keys, and private cryptographic keys used to protect confidential systems and data.
GitGuardian's systems detect thousands of credential leaks per day. The team originally built its launch platform with public GitHub in mind, however, GitGuardian is built as a private solution to monitor and notify on secrets that are inappropriately disseminated in internal systems as well, s