Continuum Security, a Spain-based cybersecurity company, has secured 1.5 million euros in funding. Swanlaab Venture Factory led the round with participation from JME Venture Capital and Sonae IM.
Madrid, December 5th, 2017 – Continuum Security, a cybersecurity company based in Spain and creator of an industry leading Threat Modeling platform that helps their customers automate and scale this secure design activity, has raised an investment round of 1.5M€ that will allow it to strengthen its international growth strategy.
The round was led by Swanlaab Venture Factory, a Spanish-Israeli VC fund with offices in Madrid and Tel Aviv. JME Venture Capital and the Portuguese group Sonae IM also participated in this round.
Continuum Security, founded and managed by Stephen de Vries and Cristina Bentué has become a benchmark in the Application Security Requirements and Threat Management (ASRTM) sector, an area recently coined by Gartner in their Hype Cycle report.
In 2016 the company launched IriusRisk, a solution targeted at enterprises to help developers and security analysts reduce and mitigate software vulnerabilities at application design time. As a result of this investment, Continuum Security will release IriusRisk 2.0 in 2018. In addition, the company has also built a BDD-Security framework, an open source dynamic testing tool that helps businesses to integrate security testing into their development pipelines and already a staple in SecDevOps deployments.
Continuum Security, with a team of 10 and customers across Europe and the USA, primarily focuses on 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 operates in the segment with the most potential and with impressive growth rates within the Application Security space. Continuum is also led and managed by a first-class team and has a product in the market that is superior to the competition. Put all of this together and we have all the necessary ingredients to achieve a successful investment.”
Stephen de Vries, CEO and co-founder of Continuum Security points out, “This round allows us to continue investing in R&D and develop new solutions for the market so that our customers spend less time on manual security reviews by using our automated solution. This allows them to build software faster and more securely right from the start”.