Prevoty Funding Shows Impact of Major Security Breaches

Security startup Prevoty, which sells application security designed to help companies spot cyber threats, has landed $13 million in Series B funding, the company says. It is a sign that the steady stream of major hacks at companies is focusing attention on technology aimed at securing business applications.

The funding was led by Trident Capital Cybersecurity, with participation from U.S. Venture Partners and other investors. It is one of a spate of startup fundings lately in the application security market, including HackerOne’s $40 million fundraising in February, Contrast Security raising $30 million in October and Signal Sciences raising $15 million in May.


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As part of the funding, Prevoty added Trident Capital Cybersecurity’s Sean Cunningham to its board of directors.

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“People saw what happened with Equifax...and they are seeing what’s happening in other organizations and they don’t want to be that.”