Madrid, November the 29th, 2017 - Continuum Security (now IriusRisk), a cybersecurity company in the Application Security sector and creator of an industry-leading Threat Modeling platform has raised an investment round of 1,5M€ that will allow them to realise their international growth plans.
The round was lead by Swanlaab Venture Factory, a joint Spanish-Israeli fund with offices in Madrid and Tel Aviv. The round was joined by JME Venture Capital and the Portuguese group Sonae IM.
Continuum Security, founded and directed by Stephen de Vries and Cristina Bentué, has become a benchmark in the Application Security Requirements and Threat Management (ASRTM) sector, recently coined by Gartner in their Hype Cycle report.
In 2016 the company launched IriusRisk, a solution aimed at enterprises to help developers and security analysts reduce and mitigate software vulnerabilities at application design time. Thanks to this investment, IriusRisk (formerly Continuum Security) will release IriusRisk 2.0 in 2018. In addition they also build the BDD-Security framework, an open source dynamic testing tool that helps businesses to integrate security testing in their development pipelines and is already a staple in SecDevOps deployments.
Continuum has a team of 10 with a European and American customer base, primarily in the financial and technology verticals. This financing round will consolidate their international presence and will further develop their sales and R&D teams.
According to Juan Revuelta, Director of Investment at Swanlaab Venture Factory, “Continuum Security is a perfect fit for our portfolio. The company is already present in the segment of Application Security with the most potential and an already impressive growth rate. Continuum is also lead and managed by a first-class team and has a product in the market that is superior to the competition. Put all this together and we have all the necessary ingredients to achieve a successful investment”.
Stephen de Vries, CEO and co-founder of Continuum Security highlights, “This round allows us to continue investing in R&D and develop new solutions for the market so that our customers can spend less time on manual security reviews by using our automated solution; allowing them to build software faster and more securely right from the start”.