The investment is the largest ever US investment of its kind for an Australian cybersecurity business.
International legal practice Osborne Clarke has advised global secure coding company, Secure Code Warrior, on its Series B US$47.6 million funding round led by Goldman Sachs.
Additional investors also include ForgePoint Capital and Cisco Investments, with new commitments from existing investors Sydney-based AirTree Ventures and US-based Paladin Capital Group. The investment will be used to support global expansion initiatives, ongoing product innovation, and the establishment of new operations on the West Coast of the United States in Portland, Oregon and across the Asia-Pacific starting in Singapore.
The Secure Code Warrior platform is designed to be role-specific for developers and uses a mix of gamification techniques to aid learning and increase adoption across an organisation. It supports a wide range of programming languages and frameworks that power modern software, including vital digital infrastructures like web apps and services, API, mobile, IoT technology, and legacy systems still in use by major companies around the world.
Partner Mathias Loertscher led the Osborne Clarke team with support from Senior Associate Jonathan Falconer and Associate Katie Tait. Partner Mathew Oliver advised on tax.
Osborne Clarke has a market-leading international venture capital practice and is widely recognised as a leading European law firm for companies operating in the technology, media and communication sectors.