News
Backslash Security Emerges from Stealth to Fuse Code Security with Cloud-Native Context,
March 2023 by Marc Jacob
Backslash Security, the new cloud-native application security solution for enterprise AppSec teams, emerged from stealth today, announcing an $8 million round led by StageOne Ventures, First Rays Venture Partners, D. E. Shaw & Co. and a roster of security veterans as angel investors, including technology entrepreneur and investor Shlomo Kramer, Ron Zoran (former CRO at CyberArk) and Brian Fielder (General Manager and CTO Enterprise Security at Microsoft), among others.
Already in use by leading technology organizations and Fortune 100 companies, Backslash is the new enterprise AppSec solution to provide unified code and cloud-native security by correlating cloud context to code risk, bolstered by automated threat modeling, code risk prioritization and simplified remediation across applications and teams. With Backslash, enterprise AppSec teams can now see, prioritize and easily act upon high-risk code combinations, called "toxic code flows," in their cloud-native applications.
As more enterprise teams embrace the cloud and cloud-native application development, the percentage of large organizations that deploy code to production daily is expected to increase from 5% in 2021 to 70% in 2025 (IDC FutureScape). According to the Cloud Native Computing Foundation, 85% of organizations believe modernizing security is very important to their organization’s cloud-native deployment. Yet, AppSec teams face a mounting challenge in keeping pace with their fast-paced development counterparts. The problem is compounded by current application security tools that often produce an excessive number of low-value alerts, leading to an overwhelming amount of noise – nearly half of all security alerts are false positives (ESG). Not only that, security teams spend upwards of 25 minutes investigating each one – and due to the sheer volume, cost and time, almost a quarter of alerts are simply ignored (IDC).
