Astra Security, a leading cybersecurity SaaS company, has raised $2.7 million in a growth capital round led by Emergent Ventures. The funding round also saw participation from Neon Fund, Better Capital, Blume Ventures, and PointOne Capital.

The Delhi-based company had previously raised $120K in a seed round from Techstars and other investors in 2018. With this fresh infusion of capital, Astra Security aims to accelerate product development, enhance its capabilities in detecting vulnerabilities across cloud environments, and strengthen its AI-driven security solutions. The company is particularly focused on enabling developers and security engineers to build robust security detections.

Co-founded in 2018 by Shikhil Sharma and Ananda Krishna, Astra Security simplifies penetration testing through its AI-powered Pentest Platform. The platform’s offensive vulnerability scanning engine emulates hacker behavior, performing over 10,000 security tests on applications. Astra’s tools facilitate swift vulnerability remediation and enable businesses to seamlessly integrate security into their DevOps processes, evolving towards DevSecOps.

In 2023, Astra Security reported detecting nearly 5,500 vulnerabilities per day for its customers, a number that is projected to triple by the end of 2024. More than 25% of its clientele comprises mid-sized and large enterprises, including industry leaders such as Loom, HackerRank, ITC, OLX Autos, Mamaearth, Muthoot Finance, Bonusly, Singapore Trade Exchange, Oscilar, the University of Cambridge, CompTIA, and Prime Healthcare.

Currently, over 800 engineering teams across 70+ countries rely on Astra’s AI-driven cybersecurity solutions. The platform continuously mimics hacker behavior, ensuring comprehensive vulnerability detection. Astra offers Penetration Testing as a Service (PTaaS), a DAST (Dynamic Application Security Testing) vulnerability scanner, and an API Security Platform. Together, these tools identify and mitigate over 13,000 vulnerabilities.

Last year, Astra Security helped its customers discover and prioritize the remediation of over two million vulnerabilities, saving them an estimated $69 million in potential losses due to cyber threats. With its latest funding, Astra aims to solidify its position in the cybersecurity landscape further, offering cutting-edge solutions to enterprises worldwide.