
Astra Security's $2.7 million financing is led by Emergent Ventures
Security platform Astra Security has raised $2.7 million in a development capital round driven by Emergent Ventures, along with support from the Neon Fund, Better Capital, Blume Ventures, and PointOne Capital.
The Delhi-based company had already raised $120K in a seed circular from Techstars and others in 2018.
The new stores will be utilized to quicken improvement, improve capabilities to reveal vulnerabilities in cloud situations, and double down on its center on using AI to empower developers and security engineers to construct security detections, Astra said in a press release.
Co-founded in 2018 by Shikhil Sharma and Ananda Krishna, Astra Security is a cybersecurity SaaS company that simplifies otherwise chaotic penetration testing with its Pentest Stage. The company’s AI-powered offensive vulnerability scanning engine imitates hacker behavior to check applications for over 10,000 security tests. The stage makes a difference businesses settle vulnerabilities in record time and move from DevOps to DevSecOps with its CI/CD integrations.
Last year, Astra detailed revealing about 5,500 vulnerabilities per day for its clients with its AI-powered pentest stage. This number is anticipated to increase threefold by the conclusion of the year. More than 25% of its clients were mid-sized and expansive companies, counting Linger, HackerRank, ITC, Olx Autos, Mamaearth, Muthoot Finance, Bonusly, Singapore Trade Exchange, Oscilar, the University of Cambridge, CompTIA, and Prime Healthcare.
Astra claims that over 800 designing groups over 70+ nations utilize its AI-powered stage, which continuously mimics hacker behavior to check applications for vulnerabilities through quick discoveries. This incorporates PTaaS (Penetration Testing as a Service), a DAST vulnerability scanner, and an API Security Stage, all working together to distinguish over 13,000 vulnerabilities.
Last year, Astra made a difference its clients find and prioritize the remediation of over two million vulnerabilities, saving them more than $69 million in potential losses due to security threats.