Cloud App Security Firm ShiftLeft Exits Stealth With $9 Million in Funding

ShiftLeft emerged from stealth mode on Wednesday with a new solution designed to protect cloud applications and microservices, and with more than $9 million in funding.
The company’s fully automated security-as-a-service (SECaaS) solution is designed to help organizations secure their applications by providing threat detection capabilities in the continuous integration (CI) and continuous development (CD) processes.
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ShiftLeft’s product extracts all security-relevant information from the codebase of each software build and uses it to create a custom Microagent that provides runtime protection. The product can identify potential risks and point developers to the line of code that causes the issue.
According to ShiftLeft, the solution can help identify known and unknown vulnerabilities, including issues introduced by the usage of open source software, and data leakage without false positives.
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Developers can prioritize bug fixes, DevOps teams can obtain deep visibility into data flows, while security teams can protect applications without disrupting the pace of the CI/CD process.
“The adoption of Cloud increases the pace of innovation by allowing us to deliver features even faster,” said Chetan Conikee, CTO and co-founder of ShiftLeft. “But this pace of change defeats traditional security.ShiftLeft embraces this change to enhance security for cloud-native applications by creating a custom Microagent for each version of each application. This application-specific security is both automated and accurate. We no longer have to buy off-the-shelf security products, write policies, and tune them manually as we sift through hundreds of false positives.”
The announcement of ShiftLeft’s formal launch was accompanied by news that the company raised $9.3 million in a Series A funding round led by Bain Capital Ventures and Mayfield, with participation from individual investors such as Sanjay Poonen, COO of VMware; Tobias Knaup, CTO of Mesosphere; and Prabhu Goel, creator of Verilog.
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