Cider Security, an AppSec OS supplier, came out of stealth in March after raising $32 million in a series A fundraising round. The goal of Cider Security’s platform is to let customers coordinate and manage all of their application’s security policies from a centralized location.

With this method, businesses and technical decision-makers have a resource at their disposal to aid in-house teams’ efforts to better monitor application security and defend against hostile threat actors.

The risks associated with app-based businesses

Enterprises have been struggling to improve application security since studies have shown that half of all apps contain security flaws and “a totally new attack surface,” prompting this statement. Cider Security’s goal is to provide customers with a unified platform to monitor and manage security threats across the whole software development life cycle (SDLC), from initial design to final deployment, and beyond. 48% of firms admit to pushing out risky code, and 54% claim they did so to meet a vital deadline with a plan to fix in a later release, indicating that many of these apps are unsecured because of organizations hurrying code development to bring goods to market faster. Similarly, 45% acknowledged that the flaws were detected too late in the release cycle to be fixed. What this means is that developers now have less time to ensure an app is secure before releasing it to users as a result of quick release cycles. With the advent of the devops profession, the engineering environment has undergone dramatic change. Guy Flechter, co-founder and CEO of Cider Security, has noted an increase in the rate of releases, the breadth of the technological stack, the prevalence of third-party integrations, and the prevalence of automated procedures.

These shifts have had a major effect on safety. Flechter remarked, “They’ve established a whole new set of categories of danger and opportunity, and their enemies are constantly taking advantage of them.” Fletchter argues that in 2021, “an AppSec OS has become a must for allowing organisations to adapt to this new reality, and allowing engineering to continue to move fast, without making any compromises on security,” due to a variety of sophisticated hacks and threats targeting engineering environments.

The security arms competition in applications

The application security industry, which Cider Security is a part of, was worth $6.38 billion in 2020 and is projected to grow to $15.76 billion by 2026 as more businesses create and secure their own applications. The service is up against a number of well-established competitors, such as Argon, which offers a solution for safeguarding the software supply chain by automatically discovering pipeline assets and providing automated notifications on occurrences. It’s worth mentioning that Aqua Security, a company specializing in protecting cloud-native applications, purchased Argon only recently after raising $135K in series E funding in March.

Another rival that has just secured $30 million in a Series A fundraising round is Legit Security, a SaaS-based solution that aims to safeguard software supply chains with features like the automated detection of pipelines for infrastructure code and software development life cycle (SDLC) assets. Flechter asserts that Cider Security’s product stands apart from the competition because of his team’s experience in the application security space, even if competitors like Argon and Legit Security are tackling the same problem. “Our solution is essentially the first application security operating system that allows orchestrating and harmonising CI/CD security-related activities across all three disciplines of CI/CD security—SIP (Security in the Pipeline), SOP (Security Of the Pipeline), and SAP (Security Across the CI/CD Lifecycle (Security Around the Pipeline).

Tiger Global Management mostly spearheaded the fundraising round.

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