ArmorCode, a unified exposure management platform, has raised $16m in new strategic funding, bringing its total funding to date to $81m, and announced the appointment of cybersecurity veteran Phil Venables to its board of directors.
The funding round was led by Cheyenne Ventures, with support from both existing and new investors including Ballistic Ventures, Highland Capital, Sierra Ventures, NGP Capital, Harmonic Growth Partners, Tau Ventures, and Cervin.
The capital will be used to accelerate the growth of ArmorCode’s Agentic AI Platform, expand global go-to-market initiatives, and support continued product innovation as enterprises look to adopt AI securely.
ArmorCode has doubled year over year, serving Global 2000 enterprises seeking unified visibility across applications, infrastructure, cloud, and AI risk. The company reports that nearly 80% of its existing Fortune 500 and Fortune 1000 customers are pushing it to expand its Agentic AI platform with new capabilities covering visibility into AI agents, MCP servers, and shadow AI.
The new funding will specifically support the expansion of AI Exposure Management capabilities through its ArmorCode AI Exposure Management (AIEM) offering, continued platform innovation via the Anya Agentic Framework, growth of its global sales and partner ecosystem across North America and EMEA, and further investment in customer success through additional solution architects and AI security specialists.
ArmorCode’s platform gives security teams a system of action, moving from fragmented signals to policy-driven, auditable decisions. Its unified exposure management capabilities span four solutions: Application Security Posture Management, Vulnerability Management, Software Supply Chain Security, and AI Exposure Management. The platform processes over 200 billion findings a year across hundreds of native integrations, and is powered by Anya, described as the industry’s first agentic AI framework for enterprise security.
ArmorCode founder and CEO Nikhil Gupta said, “Enterprises are accelerating AI adoption, and with five trillion AI agents projected by 2030, AI risk management is essential to keep pace. 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.”
Cheyenne Ventures managing director Gregory Eaton 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.”
Joining the board is Phil Venables, venture partner at Ballistic Ventures and former chief information security officer at both Goldman Sachs and Google Cloud.
Board member Phil Venables said, “ArmorCode is uniquely positioned to navigate the intersection of AI innovation and enterprise risk. 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.”
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