DeepFactor, a code observability startup based in San Jose, California, today announced that it raised $15 million in series A financing led by Insight Partners with participation from Emergent Ventures, Security Leadership Capital, and Tricentis. The funding brings the company’s total raised to $18.4 million to date, and it’ll be put toward supporting existing product development and the launch of a software-as-a-service offering, according to cofounder and CEO Kiran Kamity.
With the push for digital transformation and the subsequent adoption of cloud-native architectures, companies are releasing software apps faster with greater complexity — and correspondingly more areas to attack. The result is an increase in supply chain, security, and compliance risks. Security teams are struggling to keep pace, requiring help from engineers before shipping apps into production.