The round was led by New York-based global private equity and venture capital firm, Insight Partners. YL Ventures, a global VC firm specializing in Israeli cybersecurity investments, who led Cycode's seed investment, also participated in the round. The funding, one of the largest Series B rounds ever in Application Security (AppSec), comes on the heels of Cycode's $20 million Series A funding in May of 2021. This round brings the total investment to $81 million.

Cycode is a complete software supply chain security solution that provides visibility, security, and integrity across all phases of the SDLC. Cycode integrates with DevOps tools and infrastructure providers, hardens their security postures by implementing consistent governance, and reduces the risk of breaches with a series of scanning engines that look for issues like hardcoded secrets, infrastructure as code misconfigurations, code leaks and more. Cycode's knowledge graph tracks code integrity, user activity, and events across the SDLC to prioritize risk, find anomalies, and prevent code tampering.