We just raised our $17 million Series A
TL;DR we raised a lot of money and we’re ready to go big.
We've raised $17M to bring “no BS” security to devs. We’re happy to welcome Henri Tilloy from Singular.vc on board, who is again joined by Notion Capital and Connect Ventures. This round comes just 6 months after we raised $5.3M in seed funding. That’s fast.
We founded Aikido because developers have a problem. Security and compliance requirements are no longer just for large enterprises - they are now a growing necessity for companies of all sizes, especially SMEs looking to win customers and scale up. Compliance standards like SOC2, ISO 27001, CIS, HIPAA, and the upcoming European NIS 2 Directive are becoming baseline requirements for software companies, especially those selling to enterprises or handling sensitive data, like in HealthTech or Fintech.
But this growing compliance burden often falls on the shoulders of developers, who are now expected to function as security experts. That's why we built Aikido - the all-in-one platform that brings together all the necessary code and cloud security scanners in one simple, easy-to-use interface, leveraging the best open source has to offer. We’re freemium, self-service, and open about what is under the hood and how much it’ll cost you.
We're an outsider challenger in the established, tight-knit security industry, which has long been dominated by US and Israeli enterprises led by industry veterans. Yes, there have been security tools for three decades, but we’re starting from a very different position. We are building a security platform where the buyer is the user. As it so often is, the CISO is the buyer, but then some poor developer is the user.
We’ve been that poor developer before. We have felt the frustration of working with clunky, legacy security tools that waste our time and our money. We wasted hundreds of hours on irrelevant security alerts as CTOs ourselves. We know how these tools look like the inside of an F-16’s cockpit. We know how they make you feel dumb, how you get so swamped with complexity and false alerts, that people stop checking them all together. We understand that a developer just wants to fix problems and move on with building fun features.
We’re excited to work with Henri and Singular. He’s one of the first investors we felt actually understood the product, and didn’t just see us as a spreadsheet. He believes that we have “an incredibly unique approach to security” as we are “simple, leverage open-source, and easy to set up and use, yet Aikido ticks off the boxes of company compliance and security requirements in one go." (We like him for his nice quotes and compliments too).
In less than a year since our launch, we are already used by over 3,000 organizations and 6,000 individual developers. Visma choosing us to secure all of its portfolio of 175+ companies was major and confirmed we’re on the right track (not that we doubted it ;)) We have 30% of our customers in the US and we're now aiming for further international expansion to help developers and SMEs get security done.
This new $17M Series A funding will allow us to deepen our platform and push Aikido onto the global stage, making security simple for SMEs and doable for developers without the industry jargon, red tape, and frankly, BS.
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