Kodem Launches with $25M in Funding From Greylock and TPY Capital to Fix Application Security
June 2023 by Marc Jacob
Kodem, the dynamic software composition analysis (SCA) platform that uses runtime intelligence to determine application risk, launched from stealth and announced $25M in funding from Greylock and TPY Capital. Kodem will use the funds to launch its platform globally and expand its go-to-market team.
The modern software supply chain is viral. Every software component a developer imports includes all the functionality — and the vulnerabilities — it contains. Traditional SCA and cloud security posture management (CSPM) tools are noisy. They alert on every vulnerability scanned, regardless of whether it is exploitable. Kodem is redefining application security by using runtime intelligence to gain deep application understanding and determine actual application risk. This significantly reduces the time it takes to remediate issues and brings the number of alerts down by more than 90 percent, dramatically improving efficiency, saving organizations real time and money, and making applications safer.
Kodem was founded by Aviv Mussinger (CEO), Pavel Furman (CTO), and Idan Bartura (Head of Engineering), cybersecurity veterans with decades of experience in cybersecurity, research, and innovation. The founders’ deep cybersecurity expertise and unique background in operating systems allowed them to develop a solution that addresses critical vulnerabilities while eliminating false positives.
The core patented technology underlying the Kodem platform enables the ability to monitor the application in a non-intrusive way and to analyze its behavior and risks in real time. Early customer data shows just over 10 percent of software code is used in runtime and that less than 5 percent of runtime software is actually vulnerable.
Kodem is currently used by companies across industries, including financial services, insurance, and technology.