DeepFactor, Inc.

DeepFactor, Inc. , based in San Jose, CA, offers an advanced application security platform designed to enhance security across the software development lifecycle by integrating key functionalities for identifying vulnerabilities. Founded in 2019 in San Jose, California, DeepFactor, Inc. specializes in application security solutions that optimize vulnerability management.

The company has successfully raised USD 14. 95 mn in its Series A round on July 8, 2021, led by Insight Partners, with participation from Emergent Ventures, Security Leadership Capital, and Tricentis GmbH. Kiran Kamity serves as both the Founder and CEO, bringing prior entrepreneurial experience to the company. DeepFactor has completed 3 deals since its inception, with a current valuation of USD 51.

51 mn. Deepfactor provides a next-generation application security platform that integrates software composition analysis (SCA), container scans, container runtime security, and Software Bill of Materials (SBOM) functionalities. The platform targets a wide range of clients, including fintech companies and large financial services firms, helping them enhance application security through a consolidated AppSec solution. Deepfactor is particularly active in North America, Europe, and Asia, where it addresses the growing demand for digital transformation and cloud-native application development.

Deepfactor operates on a subscription-based revenue model, allowing enterprises to access its application security platform through various pricing plans tailored to their needs. Transactions primarily occur through direct B2B engagements, with clients subscribing to the service to utilize features like container runtime security and vulnerability scanning, crucial for compliance and risk mitigation during application development. Following its Series A funding of USD 14. 95 mn in July 2021, DeepFactor plans to further develop its continuous AppSec observability platform, which will enhance its capability to detect anomalies in real-time without code changes.

The company aims to expand its product functionality in privacy, compliance, and CI/CD integration, along with introducing a SaaS offering designed for Kubernetes deployment. DeepFactor is focused on penetrating new markets in Europe and Asia by the end of 2023, leveraging recent funding for these strategic initiatives.