PRESS RELEASE
VANCOUVER, BC, March 12, 2024/PRNewswire/ — Codezero, the innovator in developing secure enterprise microservices, today announced a $3.5 million seed funding round led by Ballistic Ventures, the venture capital firm dedicated exclusively to funding entrepreneurs and innovations in cybersecurity. This investment marks a significant step forward in Codezero’s mission to reimagine collaborative multi-cloud microservices development. Ballistic Ventures’ investment adds to the support of its impressive existing roster of angel investors and advisors, including Thomas Dohmke (CEO of GitHub), Nick Caldwell (Microsoft, HubSpot and Peloton), Marty Weiner (Pinterest and Reddit) and James Routh (AMEX, CVS, KPMG and JPMorgan Chase).
“Microservice-based multi-cloud architectures have become essential to digital business transformation. However, developing microservices across disparate cloud environments can force trade-offs between developer productivity and security. Codezero eliminates these trade-offs,” said Reed Clayton, co-founder and CEO of Codicezero. “Our mission is to empower DevOps teams with a collaborative, multi-cloud infrastructure that prioritizes both security and developer productivity. As a VC firm focused on cybersecurity, Ballistic shares this mission, and we are excited to be part of their portfolio.”
The “developer security issue” refers to a complex set of risks and vulnerabilities resulting from the multiple levels of access and control that developers require across various staging and production systems. This situation is fraught with unintended risks, as developers often require elevated permissions to build, manage, and deploy software and infrastructure. Codezero Teamspaces is an identity-aware overlay network. This means developers can instantly create environments made up of services that span on-premises, in the cloud, and even to colleagues’ computers. They can do this without having to know anything about the underlying infrastructure, network, or direct access to credentials. Unlike other approaches, Teamspaces provides a locally accessible ephemeral environment that is identical to production. As a result, developers are much more productive and can deliver higher quality code faster. Teamspaces can span across multiple cloud providers and be accessible to developers around the world securely and seamlessly.
“Our investment in Codezero fits perfectly into two of our investment themes. The Codezero solution solves what is arguably the biggest outstanding issue in the ‘Shift-Left’ security theme. It also brings a scalable and manageable approach to Zero Trust’ to developer access provisioning,” said Roger Thornton, general partner at Ballistic Ventures, who is joining Codezero’s board of directors as part of the company’s investment. “With their amazing team and technology, we are thrilled to have Codezero in our portfolio.”
With the new capital, Codezero is set to grow its sales and marketing teams and expand its partner network. This move is strategic to the company’s reach into enterprise DevOps and DevSecOps organizations, cloud service providers and cloud migration specialists.
Developers and IT professionals from all organizations are invited to transform their microservices development with Codezero Teamspaces. Find out more about codezero.io.
About Codezero
Codezero is at the forefront of microservices development, using an identity-aware overlay network that delivers transparent security to DevOps. By pioneering the use of dynamic Teamspaces, Codezero facilitates unprecedented collaboration, freeing DevOps teams from the complexities of infrastructure management and the pitfalls of passwords and secrets, while still allowing them to use their favorite tools at inside a safe and optimized ecosystem. At Codezero, our mission is clear: Code boldly!
Information on ballistic feats
Ballistic Ventures is a venture capital firm dedicated exclusively to early-stage cybersecurity and cyber-related companies. The partners have spent their entire careers defending themselves against every cyber threat imaginable. Company members have founded, operated and funded more than 90 successful cybersecurity companies – including Abnormal Security, AlienVault, ArcSight, Fortify, Mandiant and Shape Security – have mentored more than 10,000 security professionals globally and have more than 40 years of experience in venture capital. Our expertise provides entrepreneurs with impactful support from people focused on the same mission. Our networks and relationships open doors for our founders. Find out more about ballisticventures.com.