The company offers a platform that helps developers create more secure applications by discovering vulnerabilities in code, detecting what libraries are being used, and goes as far as providing embedded runtime exploit prevention that analyzes application runtime to prevents and confirm exploitability of bugs.

Contrast says the investment will help it meet demand for its platform and that it will use the funds to accelerate global expansion plans, to further gain market share. The new infusion of cash will also help the company “execute on strategic opportunities and acquisitions.”