Astra Security, a cutting-edge cybersecurity SaaS company, has announced the successful closure of a $2.7 million growth capital round led by Emergent Ventures, with participation from Neon Fund, Higher Capital, Blume Ventures, and PointOne Capital. The fresh capital will speed up Astra Security’s mission to redefine penetration testing (pentesting) through AI-powered solutions, helping businesses stay ahead of evolving cyber threats.
AI-Powered Security for the Modern Digital Landscape
Astra Security is transforming the cybersecurity industry with its AI-driven pentesting platform, which mimics hacker behavior to discover vulnerabilities at an unprecedented scale. Over 800 engineering teams across 70+ countries depend on Astra Security’s technology to safeguard their applications, infrastructure, and APIs from cyber threats.
Last yr alone, the corporate uncovered nearly 5,500 vulnerabilities per day. With AI enabling faster code deployment, the attack surface for cybercriminals continues to expand. Astra Security anticipates that by the top of the yr, its platform will triple its vulnerability detection capability.
said Shikhil Sharma, co-founder and CEO of Astra Security.
Bringing Continuous Pentesting to Security Teams
Astra Security’s platform operates on the intersection of offensive security and automation, providing a comprehensive solution that features Penetration Testing as a Service (PTaaS), a DAST vulnerability scanner, and an API security platform. These tools work in unison to uncover over 13,000 vulnerabilities, ensuring that companies remain secure while reducing manual effort.
said Ananda Krishna, co-founder and CTO of Astra Security.
From Hackers to Cybersecurity Innovators
Astra Security’s foundation is deeply rooted in offensive security. Founders Shikhil Sharma and Ananda Krishna have spent over a decade identifying vulnerabilities for global tech giants reminiscent of Microsoft, Adobe, AT&T, Yahoo, and Blackberry. Their expertise led to the creation of Astra Security in 2018, with a vision to modernize pentesting by leveraging AI and automation.
A Growing Customer Base and Industry Recognition
Astra Security’s impact is already evident amongst mid-sized and enormous enterprises. Over 25% of its customers include well-known organizations reminiscent of Loom, HackerRank, ITC, Olx Autos, Mamaearth, Muthoot Finance, Bonusly, Singapore Trade Exchange, Oscilar, University of Cambridge, CompTIA, and Prime Healthcare. The corporate’s rapid adoption amongst leading brands is a testament to its effectiveness in providing fast, actionable security insights.
Solving the Complexity of Modern Cybersecurity
As modern cloud infrastructures grow to be increasingly complex—incorporating APIs, integrations, and multi-AI models—organizations face mounting security challenges. Astra Security is designed to be the one source of security trust, ensuring that companies can onboard vendors, integrate APIs, and expand their digital footprint without compromising security.
With AI-driven pentesting, businesses can shift left from DevOps to DevSecOps, seamlessly integrating security into their development workflows. Astra Security’s CI/CD integrations enable engineering and security teams to remediate vulnerabilities in record time, minimizing risk and potential financial losses.
In 2023 alone, Astra Security identified and helped remediate over two million vulnerabilities, saving its customers an estimated $69 million in potential losses as a result of security breaches.
What’s Next for Astra Security?
The newly secured funding will enable Astra Security to further enhance its AI capabilities, expand its detection capabilities into cloud environments, and proceed simplifying security for developers and security engineers. As cyber threats grow in complexity, Astra Security stays committed to staying ahead of attackers and ensuring businesses remain protected.
With AI making pentesting continuous, scalable, and developer-friendly, Astra Security is ready to redefine cybersecurity standards for the longer term.
