Microsoft and AXA invest in application protection startup Contrast Security - SiliconANGLE

Application security startup Contrast Security Inc. has raised additional funding from Microsoft Ventures and AXA Strategic Ventures as an extension of its previous $30 million Series C round announced in October. Rashmi Gopinath, partner at Microsoft Ventures, said Contrast Security’s platform covers developers using Microsoft Visual Studio as well as organizations running their critical applications in the Azure cloud “with a high-end real-time application security to protect against serious security threats. The amount of the additional funding from AXA and Microsoft was not disclosed, but including the previously disclosed Series C funding, Contrast Security has now raised at least $54 million to date. AXA is already an existing Contrast Security customer, using the platform in its offices in Switzerland and Germany to detect software vulnerabilities early in development and to maintain continuous application attack monitoring and blocking into production while also protecting customer data.

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