Cycode Acquires Bearer to Enhance Its Application Security Platform

Key Takeaways

  • Cycode acquires Bearer, boosting its ASPM platform with AI-driven SAST.
  • The acquisition marks a milestone for Cycode amid significant revenue growth.
  • Bearer's integration enhances Cycode's platform with faster scanning and advanced security features.

Cycode acquires Bearer to boost its ASPM platform with AI-driven SAST, enhancing security testing speed and precision.

Cycode, an Application Security Posture Management (ASPM) company, has announced the strategic acquisition of Bearer. The latter is famous for its AI-powered Static Application Security Testing (SAST), API discovery, and data leak protection technologies.

The acquisition is a key milestone for Cycode. The company recently reported a 350% increase in revenue and achieved its most successful bookings quarter yet.

Cycode expects the integration of Bearer to significantly enhance the capabilities of its ASPM platform. By leveraging advanced AI technologies, Cycode aims to outpace its competitors with scanning speeds that are 31% faster, facilitating a more efficient and accurate identification of security vulnerabilities.

Lior Levy, Cycode’s co-founder and CEO, emphasized the acquisition’s strategic importance, noting that it aligns with the company’s objective to integrate security seamlessly into the development process.

The merger with Bearer brings several significant enhancements to Cycode’s platform. One key feature is the introduction of Bearer Assistant, an AI-driven tool designed to automate the suggestion process for fixing security issues, thereby expediting the remediation process. This tool is part of Cycode’s broader strategy to streamline the resolution of security vulnerabilities, making it easier for developers to produce secure code quickly.

Another major benefit of the acquisition is the expansion of Cycode’s data leak protection capabilities. With Bearer’s technology, Cycode can now offer monitoring of how sensitive data is handled within applications and APIs. This enhancement is important for organizations looking to mitigate risks and ensure compliance with data protection regulations.

Additionally, the integration of Bearer’s advanced API discovery tools into Cycode’s platform will provide developers and security teams with detailed insights into the use of third-party services and APIs. This information is vital for prioritizing security efforts and protecting sensitive data from potential vulnerabilities.

Finally, the acquisition will enrich Cycode’s Risk Intelligence Graph (RIG) with Bearer’s insights, offering a more in-depth understanding of potential vulnerabilities.

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