Checkmarx team (Facebook)
Checkmarx, an Israeli cyber security startup and a unicorn, might be up for sale. Calcalist reported that the American investment fund Hellman & Friedman, which acquired the firm four and a half years ago, is looking to sell. The asking price is said to be $2.5 billion, more than double the amount Checkmarx cost when it was bought for $1.2 billion in March 2020.
Founded in 2006, Checkmarx offers software security solutions for modern enterprise software development. Checkmarx boasts that it delivers the industry’s “most comprehensive” software security platform in Checkmarx One. The company calls this a platform that unifies with DevOps and provides static and interactive application security testing, software composition analysis, and developer application security awareness and training programs to reduce and remediate risk from software vulnerabilities.
Checkmarx says that its stackArmor delivers cloud security, compliance, and managed services solutions to commercial and government customers. The company boasts over 1,800 customers worldwide, including U.S. public sector agencies and nearly half of the Fortune 50.
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Checkmarx’s AI-powered tools can automatically identify vulnerabilities in code, reducing the time and effort required for manual testing. AI algorithms help prioritize vulnerabilities based on their potential risk to the application, ensuring that critical issues are addressed first. Checkmarx AI can help reduce the number of false positives, saving developers time and effort.
AI-driven monitoring tools can continuously scan applications for new vulnerabilities, ensuring that security risks are detected and mitigated promptly. Checkmarx’s solutions can be seamlessly integrated into existing development workflows, enabling early detection and remediation of security issues.
In May the company launched its Checkmarx AI Security. AI Security enables developers to use AI code generation tools securely, empowers AppSec professionals with their own AI productivity tools, and protects against the newest threats posed by AI adoption.
In addition, the company’s AI Security Champion helps developers understand and address security risks in their code by providing guidance and recommendations. The AI Query Builder simplifies the process of creating and managing security queries, making it easier for security teams to analyze and prioritize vulnerabilities. And Checkmarx GPT Integration allows developers to leverage the power of generative AI to understand open-source risks in their code.
