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Veracode Inc: Business Overview, Financials & Competitive Analysis

Veracode Inc specializes in adaptive application security solutions designed for the AI era, providing a comprehensive suite of security tools that integrate into development environments to ensure secure software dev...

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AskCyborg analysts argue the bull and bear cases for Veracode Inc across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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8/ 10Strong

Cyborg Score thesis

Strong growth trajectory with AI-powered security solutions and proven ROI metrics, backed by Thoma Bravo's investment and...

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Industry Cybersecurity Software
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 5, 2026
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Veracode Inc Overview

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Veracode Inc specializes in adaptive application security solutions designed for the AI era, providing a comprehensive suite of security tools that integrate into development environments to ensure secure software development throughout the Software Development Lifecycle (SDLC). Acquired by TA (Thoma Bravo) in March 2022 for $2.5 billion, the company serves Fortune 500 organizations across technology, finance, insurance, government, and healthcare sectors.

Strategic Profile

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In 2024, Veracode achieved a milestone year characterized by significant product innovation, strategic acquisitions, customer expansion, and industry recognition, including 300+ new customers. The company has been named a Leader in the 2025 Gartner Magic Quadrant for Application Security Testing for the 11th consecutive time, positioning itself as a market-leading provider of AI-powered application risk management solutions.

Competitive Landscape

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Top competitors of Veracode include Checkmarx, Snyk and HackerOne. Other competitors include Praetorian, Ioactive, Karamba Security, Empirix, and StackHawk. Veracode maintains differentiation through AI-powered remediation capabilities, comprehensive SDLC integration, and consistent market leadership recognition in the Gartner Magic Quadrant.

Industry Context

Veracode Inc operates in Cybersecurity Software.

Key facts

Founded: 2006 · Headquarters: Burlington, Massachusetts · Employees: 700

What the analysts stress-tested

The top findings that survived the multi-agent debate for Veracode Inc.

  • Veracode's 2026 State of Software Security Report reveals 82% of organizations now harbor security debt—an 11% increase from the prior year
  • Veracode acquired Phylum (January 2025), Longbow, and Crashtest Security to expand software supply chain security capabilities
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Recent developments

Material events tracked by the AskCyborg corpus.

  • January 2025Acquired Phylum, Inc. to transform software supply chain security capabilities
  • June 2025Chief Financial Officer Simon Adell joined the company to lead financial operations and growth initiatives
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

CheckmarxApplication security testing and supply chain security platform→SnykDeveloper-first application security platform focusing on vulnerabilities and dependencies→HackerOneVulnerability disclosure and bug bounty platform→FortifyEnterprise application security testing and software security solutions→

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Industry context

Veracode Inc operates in Cybersecurity Software. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Veracode Inc do?+
Veracode Inc specializes in adaptive application security solutions designed for the AI era, providing a comprehensive suite of security tools that integrate into development environments to ensure secure software dev...
What is Veracode Inc's Cyborg Score?+
Veracode Inc has a Cyborg Score of 8/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Veracode Inc's main competitors?+
Named competitors include Checkmarx, Snyk, HackerOne, Fortify. The full competitive landscape is in the AskCyborg report.
How can I get the full Veracode Inc research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Veracode Inc research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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