ORIX Growth Capital announced today that it has completed a growth capital investment in WhiteHat Security, a leading provider of SaaS-based application security testing (“AST”). The company’s application vulnerability assessment and risk management platform, WhiteHat Sentinel™, enables organizations to proactively detect and address application vulnerabilities, which provides an enhanced level of security and compliance to reduce a customer’s overall web application risk.
WhiteHat Security has been positioned by Gartner Inc. in the Leaders quadrant of the Magic Quadrant for Application Security Testing for three years running. The company has developed a leading technology platform that is augmented with the security expertise of the more than 150 security engineers in its Threat Research Center. This dual approach provides best in class results, which has attracted hundreds of blue chip enterprise customers and revealed millions of vulnerabilities to date.
“Application vulnerabilities have come to the forefront of the cyber security arena over the past few years with an increasing number of high profile breaches,” said Joel Gragg, Director at ORIX Growth Capital. “WhiteHat is a true pioneer in the AST space. They offer a differentiated solution that has been widely adopted by a leading global customer base to help protect against these ever growing cyber threats by detecting vulnerabilities before the hackers can.”
“The application security market is one of the fastest growing segments of the cybersecurity market, and as one of the pioneers in this space, we’re been a big part of its evolution,” said Craig Hinkley, CEO of WhiteHat Security. “ORIX is a great partner to help us continue to grow at a rapid pace and fully capitalize on the opportunity to make application security a part of the whole software development lifecycle. We look forward to working with ORIX to fuel the adoption of WhiteHat’s solutions, which are critical to protecting enterprises from threats at the application layer.”