Wallarm sees a record year of growth in the first half of 2019.
LAS VEGAS, August 5, 2019 /PRNewswire-PRWeb/ -- From Black Hat USA 2019, Wallarm, an artificial intelligence (AI)-powered application and API security company, announced a record year of growth in the first half of 2019. The company closed the second quarter with $2.4M in booking - 100% over the same quarter from the previous year. The exceptional revenue growth stems from new customer wins in key verticals, including finance, e-commerce, healthcare, and others, as well as expanded partnerships with existing customers. Wallarm also doubled the number of Fortune 500 customers and expanded its employee base by 60% in 2019.
To further its global expansion efforts, Wallarm appointed former Bugcrowd VPs Brooke Motta as VP of Sales and Vlad Nisic as regional VP of Sales in EMEA. It also launched its application and API protection platform in EMEA and opened its first EMEA office in London.
Further positioning Wallarm as an industry leader and respected resource, in the last 12 months, the company introduced a number of products and services:
- Cloud Native WAF for Kubernetes to automate the protection of containerized applications, microservices, and APIs in private and public clouds
- Framework for Automatic Security Testing (FAST) to automate security testing in CI/CD environments
Earlier this year, Wallarm earned Advanced Technology Partner status in the Amazon Web Services (AWS) Partner Network (APN) following a rigorous qualification process reviewing the company's AWS business history and impartial customer references. This achievement underscores Wallarm's deep technical proficiency and better positions the company for accelerated future growth. To promote Kubernetes security, Wallarm also joined the Cloud Native Computing Foundation (CNCF), the open source community behind Kubernetes, Envoy, Prometheus, and other premier open source projects.
Additionally, Wallarm earned several industry awards and recognition in the last 12 months, including:
- Listed as number #7 in the security category in Inc. Magazine's 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies
- Named a "Hot Startup to Watch" in Startup50's Big50 2018–19 Startup Report
- Received a Cybersecurity Excellence Award for being one of the most innovative cybersecurity companies
"It's great to see that our focus on DevSecOps and a 360 approach to security is paying off, as evidenced by new customer acquisitions, the expansion of existing partnerships, and the industry awards we've received this year," said Ivan Novikov, CEO, Wallarm. "We look forward to continue developing industry leading application and API security products as we focus our efforts on expanding globally."
Wallarm is an AI startup focused on security of websites, microservices, and APIs running on public and private clouds. Wallarm platform aligns security and development into a unified pipeline. Security and DevOps teams choose Wallarm FAST to automate security testing within CI/CD pipeline, gain visibility into hacking attempts, detect and remediate OWASP Top10.
Wallarm's AI engine together with Wallarm Advanced WAF detects application context, generates application-specific security rules and vulnerability security tests. The technology provides dynamic, active, and focused security for hundreds of enterprises and SaaS companies. Founded in 2013, Wallarm is headquartered in San Francisco, California and is backed by Toba Capital, Y Сombinator, Partech, Runa Capital, and other investors.
For more information, visit https://wallarm.com or follow the team on Twitter @wallarm.