A female-founded Boston cybersecurity company has raised more than $2 million in seed funding, following a year of growth that featured contracts with Fortune 1000 companies and the Air Force.
Wabbi and founder Brittany Greenfield are working on technology to aid continuous security management by making sure that code always has the most current security standards attached.
The seed-funding round was led by Mendoza Ventures, a Boston-based firm which focuses on diversity, with participation from Cisco Investments.
“Every development team I have shown this solution to is genuinely excited about its ability to solve a problem they have been grappling with for too long,” said Mendoza founder Senofer Mendoza in a statement. “I am proud to invest in Wabbi with an incredibly talented female founder at the helm of a high-growth cybersecurity company. This investment and Brittany’s leadership will have ripple effects across both our industries.”
Wabbi said it will use the funds to grow its team to meet increasing customer demand.
“The investment will enable us to meet the rapidly growing demand from new and existing customers to turn application security from a bottleneck into a strategic advantage through continuous security deployment,” Greenfield said in a statement.
Greenfield founded the company in 2018 after getting her MBA at MIT and working at Cybereason as director of business development.
Earlier this year, Wabbi picked up a phase one Small Business Innovation Research grant from the U.S. Air Force to “help the software factories of the Air Force tackle one of today’s biggest challenges in developing secure software for all federal agencies leveraging rapid development practices: Continuous ATO (Authority-to-Operate),” according to the company.
