CIBC Innovation Banking provides debt financing to NowSecure

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CHICAGO–(BUSINESS WIRE)–CIBC Innovation Banking is pleased to announce new debt financing for the Chicago-based company Now secure, a mobile app security and privacy software company. NowSecure plans to use the capital to further invest in its advanced application security testing solutions and go-to-market strategy.

NowSecure offers a comprehensive suite of mobile security testing solutions that helps customers identify and remediate security threats, compliance gaps, and privacy issues with their mobile application portfolio. Customers can leverage NowSecure to protect critical applications, whether commercially purchased or custom-built. The solutions integrate seamlessly into the workflow of Agile and DevSecOps environments and include automated security testing software integrated into developer tool chains, mobile supply chain risk monitoring software, a penetration testing software, expert penetration testing services and training tutorials.

“Mobile apps now dominate all digital time spent helping organizations drive revenue, customer engagement and business growth,” said Jim Keller, CFO of NowSecure. “We are delighted that CIBC is supporting us by helping to fuel our mission to save the world from dangerous mobile apps. »

“CIBC Innovation Banking is proud to support NowSecure in its ambition to help create a world of safe and secure mobile apps,” said Andy Schwartz, Managing Director of CIBC Innovation Banking’s Chicago office. “NowSecure’s industry-recognized solutions are poised to evolve with its customers as mobile apps continue to grow in importance in our professional and personal lives.”

The announcement comes after NowSecure announced in February that it had achieved record sales in 2021 and performed more than 1.5 million automated mobile app reviews in DevSecOps and on-demand deployments to help protest attacks and threats. violations on the more than 200 billion mobile applications last downloaded. year.

NowSecure is also backed by Forgepoint Capital, Baird Capital and Jump Capital.

About CIBC Innovation Banking

CIBC Innovation Banking provides strategic advice, cash management and financing to innovative companies in North America, the UK and selected European countries at every stage of their business cycle, from start-up to IPO and beyond. of the. With offices in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver, the team has extensive experience and a strong collaborative approach that spans the all of CIBC’s commercial and capital banking services. markets businesses.

About NowSecure

At NowSecure, our mission is to save the world from dangerous mobile apps. Founded in 2009, we are exclusively a mobile-first and only mobile application security testing automation company that maintains deep roots within the security community, working to make mobile application security testing fast. and frequent reliable and profitable for all.


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