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April 12, 2012

Veracode Secures $30M in Additional Funding, Expands Exec Team

We are thrilled to announce that Veracode has secured an additional $30M in funding from Meritech Capital Partners and existing investors Atlas Venture, .406 Ventures and StarVest Partners.

Our investment demonstrates our confidence in the market and is intended to accelerate Veracode’s already impressive growth” said Rob Ward, Managing Director at Meritech Capital Partners. Some of Meritech’s other portfolio companies include Facebook, Zipcar, Imperva, Good, Vonage and

Two new key additions to the executive team are Ed Jennings, who joins Veracode as Executive Vice President of Sales, Marketing & Services, and Greg Nicastro who joins as Executive Vice President, Product Strategy and Development.

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Niru Raghavan joined the Veracode team in late 2011 as an Acquisition Marketing Manager. In this role, Niru is responsible for demand generation and program management primarily for online marketing programs. Prior to joining Veracode, Niru held positions of increasing responsibility at Liberty Mutual and Staples, successfully planning and implementing sophisticated online and offline marketing initiatives. She has managed product development efforts, launch activities and online marketing programs geared toward mid to large sized businesses in select vertical markets. Her specialties include product marketing, marketing strategy, and market research/analysis. She is also a keen web analytics enthusiast and Occam’s Razor by Avinash Kaushik is her all time favorite blog.

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