Cycode Doubles ARR YoY for Two Consecutive Years and Sets Sights on EMEA with New Executive Hire

SAN FRANCISCO--(BUSINESS WIRE)--Cycode, the industry leader in Application Security Posture Management (ASPM), today announced it has doubled its growth with consecutive record-breaking quarters. Building on this success, Cycode is now expanding into the EMEA region, spearheaded by a strategic new hire, Jochen Koehler, further solidifying its position as a global leader in the application security space.

Consistent Record Growth in North America

Cycode’s Complete ASPM continues to gain traction, achieving consecutive record-breaking quarters. The company also achieved over 200% growth across midmarket and enterprise segments, underscoring the critical demand for modernized application security solutions that align with the increased focus on code and the complexities of today’s software development environments. The Cycode platform empowers security and development teams with comprehensive visibility, prioritization, and remediation capabilities across the entire software development lifecycle (SDLC).

“We’re thrilled to see such a strong response with the growth of our Complete ASPM platform across North America, and when we look at the global market, there is a lot of pull vs. push, especially in EMEA. Cycode’s innovative approach resonates deeply with organizations that prioritize both security and developer productivity,” said Seth Robbins, Chief Revenue Officer at Cycode. “Our mission is to deliver safe code, faster. We want to reset application security, making it faster, more reliable, and seamlessly integrated across your development environment.”

Expansion into EMEA and the Strategic Hire of Jochen Koehler

In response to increasing demand for its ASPM platform in EMEA, Cycode has appointed Jochen Koehler as Vice President of Sales, EMEA. With decades of experience in the cybersecurity industry, having held similar roles at Ontinue and HYPR, Koehler is renowned for driving significant revenue growth and establishing strong customer and partner networks. His appointment is set to bolster Cycode’s expansion efforts, enabling the company to bring its innovative Complete ASPM solution through global expansion.

“Joining Cycode at this pivotal moment is incredibly exciting,” said Koehler. “The EMEA region is ripe for Cycode’s Complete approach and vision on ASPM, and I look forward to working with both new and existing partners to introduce a new standard of application security.”

About Cycode

Cycode is the leading Application Security Posture Management (ASPM) providing Peace of Mind to its customers. Its Complete ASPM platform delivers safe code, faster. That means stopping code risks before they start, reducing developer productivity tax and lowering the total cost of ownership.

The platform can replace existing application security testing tools or integrate with them while providing cyber resiliency through unmatched visibility, risk driven prioritization and just in-time remediation of code vulnerabilities as scale. Cycode’s Risk Intelligence Graph (RIG), the ‘brain’ behind the platform, provides traceability across the entire SDLC through natural language.

Backed by tier-one investors Insight Partners and YL Ventures, the series-B company has raised $80 million and boasts a number of the top global Fortune 100 customers in the world that are gaining immediate value.