Open source security startup WhiteSource raised $75 million in Series D funding that its CEO says will allow it to acquire other companies and expand its application security platform. Pitango Growth led the funding round with participation by existing investors M12, Susquehanna Growth Equity, and 83North. This latest investment brings WhiteSource’s total funding to $121.2 million.
The Series D follows three years of growth for the company, which has seen a five-fold increase in customers and 800% revenue growth during that time. “We’re just on the cusp of 1,000 paying customers,” WhiteSource CEO Rami Sass said.