StackHawk Raises $20.7 Million in Series B Funding

StackHawk, a company specializing in application security testing, has secured $20.7 million in funding co-led by Sapphire Ventures and Costanoa Ventures, with contributions from Foundry Group and other investors, bringing its total funding to $35.3 million. This investment will bolster StackHawk's position in developer-first application and API security testing, emphasizing the importance of integrating security into Continuous Integration and Continuous Delivery (CI/CD) processes. As the frequency of software releases increases, so does the necessity for continuous security testing to detect vulnerabilities during development, a demand echoed by Forrester's findings on the prevalence of web application and API exploits. Gartner forecasts a surge in application security testing spending, presenting a significant opportunity for StackHawk. The company plans to use the funding to advance its product development, expand its leadership team, and enhance marketing and sales efforts, which include its recent integration with Snyk. Key figures from Sapphire Ventures and Costanoa Ventures highlight the importance of modern security tools in delivering secure applications and recognize StackHawk's potential in this high-growth market.