- Companies
- Secure Code Warrior
Secure Code Warrior Funding, Investors & Competitors
Secure Code Warrior has raised $102M across 3 funding rounds, most recently a $50M Series C in July 2023.
Last Secure Code Warrior funding round
$50M
Series C · Jul 2023
Cumulative funding Secure Code Warrior raised
$102M
across 3 funding rounds
Key investors in Secure Code Warrior
Airtree Ventures
Paladin Capital Group
Goldman Sachs
Forgepoint Capital
Cisco Investments
Tidal Ventures
About Secure Code Warrior
Secure Code Warrior is a developer-centric cybersecurity platform provider based in Sydney, Australia. The company equips enterprises with tools to benchmark coding skills, enforce quality gates during code reviews, and deliver hands-on training modules. Trusted by organizations such as Salesforce, Adobe, and Liberty Mutual, it integrates with CI/CD pipelines like GitHub and Jenkins. Secure Code Warrior supports over 600 enterprise clients across software development lifecycles, focusing on reducing vulnerabilities through gamified learning and real-time feedback.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Secure Code Warrior Funding History
Secure Code Warrior has raised a total of $102M across 3 funding rounds.
Secure Code Warrior's first fundraising round was a $4M Series A in September 2018. The most recent completed round was a $50M Series C in July 2023.
Secure Code Warrior funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2023 | Series C | Paladin Capital Group (lead); Tidal Ventures; Forgepoint Capital; Goldman Sachs; Airtree Ventures | $50M | Secure Code Warrior is an agile learning platform for developer-driven security, helping developers and engineering teams identify vulnerabilities and write secure code using AI technology and real-time feedback. The platform supports multiple programming languages, OWASP checklists, and agile learning paths to build secure coding cultures in enterprises across financial services, technology, and manufacturing. On July 13, 2023, Secure Code Warrior closed a $50 million Series C funding round led by Paladin Capital Group, with participation from existing investors Goldman Sachs and ForgePoint Capital. This marked the company's largest investment to date, bringing total funding raised to over $100 million. The funds are earmarked for accelerating product innovation, go-to-market efforts, increasing market share, and expanding the 220-person workforce in sales, customer success, and product development. The platform serves over 600 enterprise customers, including Verizon, General Electric, Atlassian, Mastercard, Capital One, Blue Prism, and Telstra. Paladin's Managing Director Mourad Yesayan, a board member, highlighted the platform's role in enabling agile secure coding amid AI-driven economies. |
| Dec 2019 | Series B | Goldman Sachs (lead); Forgepoint Capital; Cisco Investments; Paladin Capital Group; Airtree Ventures | $48M | - |
| Sep 2018 | Series A | Airtree Ventures (lead); Paladin Capital Group (lead) | $4M | Secure Code Warrior is a cybersecurity company providing a SaaS platform of secure coding tools to help developers write secure code aligned with company policies. The platform supports agile development by embedding security into the software development lifecycle. Co-founded by CEO Pieter Danhieux and CTO Matias Madou, the company has offices in Sydney, London, Bruges, and Boston. In September 2018, Secure Code Warrior raised US$3.5 million in an initial funding round led by Paladin Capital Group with participation from AirTree Ventures. The financing aimed to expand sales, marketing, and customer success in the US, UK, and Europe, while innovating through engineering hubs in Belgium and Australia. In 2018, the company achieved record financial performance with 226% year-over-year revenue growth and nearly 95% customer growth, including strong expansion in North America following high-profile breaches linked to insecure code. |
Who has invested in Secure Code Warrior?
6 investors have backed Secure Code Warrior across its funding rounds, including Airtree Ventures, Paladin Capital Group, Goldman Sachs, Forgepoint Capital, Cisco Investments and Tidal Ventures.
Lead investors include Paladin Capital Group, Goldman Sachs and Airtree Ventures.
Secure Code Warrior Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2018 | ||
| 3 | Lead | Sep 2018 | ||
| 2 | Participant | Dec 2019 | ||
| 2 | Lead | Dec 2019 | ||
This data is available for Pro users. Sign up to see all 6 Secure Code Warrior investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Secure Code Warrior
Secure Code Warrior has acquired 2 companies to date.
Last acquisition by Secure Code Warrior was on May 1st 2020. Secure Code Warrior acquired Adversary for undisclosed valuation.
Latest Acquisitions by Secure Code Warrior
| Description | Adversary is a cybersecurity training platform that delivers gamified simulations to developers, QA engineers, and IT teams. Based in the United States, it covers OWASP Top 10 vulnerabilities through interactive missions where users role-play as attackers to understand exploits like SQL injection and cross-site scripting. The online service tracks progress with points and leaderboards, integrating with enterprise LMS systems. Adversary serves tech companies aiming to reduce breach risks by upskilling internal teams before real-world threats materialize. | Sensei Security is a cybersecurity firm delivering tools to detect, fix, and prevent software vulnerabilities. Its solutions scan codebases for common weaknesses, integrating with development pipelines to enforce secure coding practices in enterprise environments. |
| HQ Country | ||
| HQ City | Reykjavík | Berlin |
| Deal Date | 1 May 2020 | 6 Jun 2017 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Secure Code Warrior acquisitions and their M&A valuation multiples. Start Free Trial | ||
Secure Code Warrior Competitors
Secure Code Warrior competitors include listed companies like Cloudflare, Progress Software and Palo Alto Networks, and private ones like Snyk, Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.2B | ($25M) | $119B | 44.3x | ||
| Private | $180M | - | $7.4B | 41.1x | ||
| Publicly listed | $978M | $302M | $1.7B | 2.9x | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $11B | $1B | $307B | 25.9x |
Secure Code Warrior Public Comps
Secure Code Warrior is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Datadog, Atlassian, Okta, Zscaler and MongoDB.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | $1B | 26.7x | 25.9x | 301.1x | 76.9x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $6.8B | $2.3B | 18.1x | 15.9x | 53.7x | 41.9x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $6.6B | $142M | 7.4x | 7.2x | 342.1x | 23.7x | |||
| $2.9B | $245M | 10.6x | 10.0x | 126.4x | 36.4x | |||
This data is available for Pro users. Sign up to see all Secure Code Warrior competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Secure Code Warrior
| When was Secure Code Warrior founded? | Secure Code Warrior was founded in 2015. |
| Where is Secure Code Warrior headquartered? | Secure Code Warrior is headquartered in Sydney, Australia. |
| Is Secure Code Warrior publicly listed? | No, Secure Code Warrior is a private, VC-backed company. |
| How much funding has Secure Code Warrior raised? | Secure Code Warrior has raised $102M across 3 funding rounds. |
| What was Secure Code Warrior's last funding round? | Secure Code Warrior's last funding round was a $50M Series C in July 2023, led by Paladin Capital Group. |
| Who are Secure Code Warrior's investors? | Secure Code Warrior's investors include Paladin Capital Group, Airtree Ventures, Forgepoint Capital, Goldman Sachs, Tidal Ventures and Cisco Investments. |
| Which companies are comparable to Secure Code Warrior? | Companies comparable to Secure Code Warrior include Cloudflare, Snyk, Progress Software, Anthropic, OpenAI and Palo Alto Networks. |
| How many companies has Secure Code Warrior acquired? | Secure Code Warrior has acquired 2 companies, including Adversary and Sensei Security. |
See companies similar to Secure Code Warrior
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




