The company did not disclose the amount of the investment, but sources estimate it at several million dollars.
Static application security testing (SAST) solutions developer CheckMarx Ltd. has raised capital from current investor Ofer Hi Tech Ltd. and enterprise cloud computing company Salesforce.com. The company did not disclose the amount of the investment, but sources estimate it at several million dollars.
Checkmarx said that it would use the proceeds to bolster product development as well as sales and marketing efforts to promote its cloud-based source code scanning service.
Checkmarx CTO Maty Simon founded the company at Ofer Hi-Tech's incubator Naiot Venture Accelerator. It has raised $2.6 million to date. The company's solution enables software developers to track whether their application code is following internal or external compliance requirements or is in accordance with the developing and hosting platform guidelines.
Checkmarx CEO Emmanuel Benzaquen said, “Secure coding and application quality have become essential disciplines in today’s threat-filled and performance-hungry environment."
Published by Globes [online], Israel business news - www.globes-online.com - on October 11, 2011
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