Advisers
Learn
Newsletter
Podcast
About
  Back
~
1
min read
· Posted on
February 21, 2024

Aussie cybersecurity company raises $50 million... and it's good timing after some major cyber debacles recently

Sydney-based cybertech Secure Code Warrior aims to help developers how to avoid cyberattacks.

What's the key learning?

  • Secure Code Warrior just notched up its 600th enterprise customer and will use the new capital to grow its market share.
  • A major cyberattack can pose not only a commercial risk for businesses, but also a repetitional impact.
  • Secure Code Warrior can leverage these nasty cyberattacks to drive their business case forward.

👉 Background: We all know that the number of cyberattacks across the world have grown rapidly over the last few years.Think Optus, Medibank, Latitude Financial... And that's just in Australia alone..

👉 What happened: Now, Sydney-based cybertech Secure Code Warrior has raised $50 million USD to to teach developers how to avoid, and fix security vulnerabilities as they code.

👉 What else: It's just notched up its 600th enterprise customer and will use the new capital to grow its market share.

What's the key learning?

💡The risk of a cyberattack is too big to bear for too many businesses. A major cyberattack can pose not only a commercial risk for businesses, but also a repetitional impact.

💡We only need to look as far as two of Australia's biggest companies to see the impact.

💡Secure Code Warrior can leverage these nasty cyberattacks to drive their business case forward. And for that, companies are willing to pay the big big bucks!

‍

Ready to win at money?

Sign up for Flux and join 100,000 members of the Flux family

Sign Up
A button to App StoreGoogle Play store button
Excellent  4.9 out of 5
Star rating
© 2024 Flux Technologies Pty Ltd and Flux Media Pty Ltd
All rights reserved.
Explore
HomeLearnPodcastAboutNewsletterFlux at WorkAdvisers
Support
CareersContact usPrivacy PolicyTerms of Use
Disclaimer: All information contained in the Flux app, www.flux.finance, www.joinflux.com, app.flux.finance and any podcast of Flux Media Pty Ltd (ABN 27 639 804 345) is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. While we do our best to provide accurate information on the podcast, we accept no responsibility for any inaccuracies that may be communicated.Flux does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) and ASIC RG 36.66. Flux Technologies Pty Ltd provides general advice on credit products under our own Australian Credit Licence No. 530103. Check out our Credit Guide for more information.

All information contained in the Flux app, www.flux.finance, www.joinflux.com, app.flux.finance and any podcast of Flux Media Pty Ltd (ABN 27 639 804 345) is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. Flux Media Pty Ltd is the owner of the registered trade mark, 'What the Flux'. While we do our best to provide accurate information on the podcast, we accept no responsibility for any inaccuracies that may be communicated.
No items found.