Xygeni Security, a Madrid, Spain-based company that provides SaaS solutions for ensuring the security of the software supply chain, closed €4 million in funding will boost expansion in the most competitive international markets, with the main focus on the USA and Europe.
The round was led by Investing Profit Wisely (IPW) a Spanish investment firm that specializes in software companies.
This funding will enable Xygeni to strengthen its technology, enhance its international presence, and achieve a major leap forward by the end of 2023.
The investment will fuel Xygeni's product strategy, facilitating sales growth and internationalization efforts. Simultaneously, the company will prioritize internal efficiency to ensure smooth operations.
According to Jesús Martín, joint founder and CEO of Xygeni: "We are experiencing a dramatic growth in attacks on the software supply chain. Now is the time for organizations to concentrate on improving the security of their software development life cycle".
Xygeni provides integral solutions designed to fill in the blanks in security needs or resolve any problem in the process of developing and deploying applications. Xygeni aims to strengthen its customer support capabilities, establish relationships with local partners and distributors, and solidify its leading position in the market.
Company: XYGENI SECURITY S.L.
Raised: €4.0M
Round: Unknown
Funding Month: July 2023
Lead Investors: Investing Profit Wisely (IPW)
Additional Investors:
Company Website: https://xygeni.io/
Software Category: Software Supply Chain Security Solution
About the Company: Xygeni Security is a Software Supply-Chain security solution that provides visibility, security, and integrity in DevOps environments. Xygeni defends your CI/CD pipeline against software supply-chain attacks, providing security and integrity across all phases of the software life cycle. The company solution integrates with DevOps tools and infrastructure to reduce risk by reinforcing security policies and identifying hard-coded secrets, code leaks, or misconfigurations.
Source: https://www.accesswire.com/765926/Xygeni-Security-Receives-a-4M-Cash-Injection-to-Consolidate-its-Leading-Role-in-Cybersecurity-Worldwide