Belgium’s Aikido lands $17M Series A for its ‘no BS’ security platform aimed at developers
Aikido raises $17M Series A for its developer-focused, open source security platform.
Aikido, a Belgium-based startup, has successfully raised $17 million in a Series A funding round to further develop its developer-focused security platform, aiming to make security management simpler and more accessible for developers of all scales. The company's approach is to provide an open-source, no-nonsense platform that directly addresses developers' needs, bypassing the complexity and noise associated with traditional security tools. The platform promises to deliver an all-in-one security package with flat pricing, aggressive alert triage to reduce false positives, and a versatile, flexible solution through its freemium model, differentiating itself from competitors by prioritizing the user experience for developers over just meeting corporate security mandates.
Founded by Willem Delbare, Aikido's latest funding follows a previous $5 million seed round, bringing their total raised funds to $22.5 million. This significant investment, led by European venture firm Singular along with contributions from Notion Capital and Connect Ventures, highlights Aikido's growing traction with over 3,000 small-to-midsize enterprise customers and its potential to tackle the broader network security software market, projected to grow significantly. The company's founders aim to challenge the conventional startup trajectory in the security industry by focusing on building a comprehensive platform rather than a single-feature solution, aspiring for long-term independence instead of a quick acquisition.
The security software landscape is rapidly evolving, with the average cost of data breaches reaching a new high. Aikido's mission to democratize security for developers across organizations of all sizes represents a timely and ambitious effort to mitigate these risks affordably and effectively. By focusing on the specific needs of developers and adopting a straightforward, transparent approach to security, Aikido is positioned to make a significant impact on how security is managed and implemented in the software development process.