The funding round was led by Mendoza Ventures, with participation from Cisco Investments and several other companies and angel investors. Wabbi plans on using the money to scale its team.
The company offers a continuous security platform designed to help organizations develop secure software. Its capabilities include vulnerability management, policy management and compliance monitoring, and automated security quality checks. The platform can be integrated with several widely used development and security tools.
Founded in 2018, Wabbi claims its product has already been used by Fortune 1000 organizations, and it was recently awarded a contract with the U.S. Air Force.