ArmorCode Doubles Growth, Boosts AI Security Governance with New Funding and Board Appointment

PALO ALTO, Calif.--(BUSINESS WIRE)--ArmorCode, a leader in unified exposure management, today announced $16 million in new strategic funding, taking the total funding raised to date to $81M. The company also announced the appointment of cybersecurity industry icon Phil Venables, Venture Partner at Ballistic Ventures and former CISO for Google Cloud and Goldman Sachs, to its Board of Directors.

The funding will accelerate the growth of ArmorCode’s Agentic AI Platform, expand global go-to-market initiatives, and support continued product innovation as enterprises race to adopt AI securely.

ArmorCode has doubled year over year, serving Global 2000 enterprises seeking unified visibility across applications, infrastructure, cloud, and AI risk. This additional funding was led by Cheyenne Ventures, with support from existing and new investors including Ballistic Ventures, Highland Capital, Sierra Ventures, NGP Capital, Harmonic Growth Partners, Tau Ventures, and Cervin, to help fuel its continued growth.

“Enterprises are accelerating AI adoption, and with five trillion AI agents projected by 2030, AI risk management is essential to keep pace,” said Nikhil Gupta, Founder and CEO of ArmorCode. “This capital enables us to scale our agentic AI platform vision faster, deepen our enterprise footprint, and continue building the industry’s most comprehensive unified exposure management platform.”

ArmorCode is seeing accelerated interest in AI security governance and life cycle management from its existing Fortune 500 and Fortune 1000 customer base. Nearly 80 percent of these customers are driving ArmorCode to expand its Agentic AI platform, adding new capabilities that provide visibility into AI agents, MCP servers, and shadow AI.

Gregory Eaton, Managing Director of Cheyenne Ventures, said: “AI and autonomous agents are reshaping the enterprise, driving exponential growth in security complexity. ArmorCode is pioneering Agentic AI for Exposure Management, transforming fragmented security data into intelligent, actionable risk reduction. We are proud to support ArmorCode as they define exposure management for the agentic era.”

Board Strengthens Enterprise Leadership

Phil Venables brings decades of experience from the highest levels of global cybersecurity leadership to ArmorCode’s board of directors. Now Venture Partner at Ballistic Ventures, an ArmorCode investor, Venables previously served as Chief Information Security Officer (CISO) at Goldman Sachs and Google Cloud and is widely regarded as one of the most influential voices in modern cyber resilience and enterprise risk management.

“ArmorCode is uniquely positioned to navigate the intersection of AI innovation and enterprise risk,” said Venables. “As organizations deploy AI across their operations, they need unified exposure management to mitigate risks across applications, infrastructure, and AI systems. ArmorCode is building that control plane.”

Venables’ appointment underscores ArmorCode’s growing influence among global enterprises navigating AI-driven transformation.

Powering Secure AI Adoption

As AI becomes deeply embedded in software development, business workflows, and enterprise decision systems, security teams face fragmented visibility across dozens of tools, agents, MCP Servers, and risk surfaces. ArmorCode unifies findings across application, cloud, infrastructure, and AI systems into a single prioritized risk view. This helps organizations reduce exposure faster, align security with business outcomes, and gain a global view of sanctioned and unsanctioned agents, MCP Servers, and shadow AI apps.

The new funding will directly support:

• Expansion of AI Exposure Management Capabilities: Building on ArmorCode AI Exposure Management (AIEM) also announced today, to provide enterprises with comprehensive visibility and control into AI usage across environments. ArmorCode also establishes clear ownership and enforceable governance to accelerate AI adoption with auditable control and eliminate shadow AI risk.
• Continued Platform Innovation: Furthering innovation across ASPM and exposure management solutions, ArmorCode is expanding its Agentic AI Platform through the Anya Agentic Framework. This enables autonomous, multi-step security workflows and broader MCP server support to deliver a programmable, extensible security control plane for the enterprise.
• Global Sales and Partner Ecosystem Growth: Building on its existing Fortune 1000 enterprise customer base, ArmorCode is expanding both its direct sales organization and channel program through leading value-added resellers and global and regional system integrators across North America and EMEA.
• Enterprise Customer Success Investments: Scaling its dedicated customer success organization with additional solution architects and AI security specialists, ensuring enterprise customers achieve rapid time-to-value and measurable risk reduction.

About ArmorCode

ArmorCode helps enterprises manage security risk and governance across today's heterogeneous technology environments. The ArmorCode Agentic AI Platform gives security teams a system of action – moving from fragmented signals to owned, policy-driven, auditable decisions. Its unified exposure management capabilities deliver visibility, insight, and control across four solutions: Application Security Posture Management, Vulnerability Management, Software Supply Chain Security, and AI Exposure Management. Processing over 200 billion findings a year across hundreds of native integrations, ArmorCode unifies, prioritizes, and drives remediation across applications, cloud, code, infrastructure, and AI. Powered by Anya, the industry's first agentic AI framework for enterprise security, ArmorCode is trusted by global enterprises to reduce exposure and adopt AI and modern software practices with confidence – without replacing existing tools or forcing vendor consolidation. For more information, visit www.armorcode.com.