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Top 11 Application Security Software Companies With $5M–$10M Revenue (September 2026)

As of September 2026, Latka tracks 11 application security software companies with $5M–$10M in annual revenue. They have combined revenues of $67.2M and employ 593 people. They have raised $32.9M and serve 2K customers combined.

Every company below sells application security software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Application Security Software Companies do

Application Security Software encompasses a range of tools and practices designed to protect software applications from security threats throughout their development lifecycle. This category focuses on identifying and mitigating vulnerabilities to prevent unauthorized access, data breaches, and other cyber threats that can compromise application integrity and user trust. Typical features include automated scanning for vulnerabilities, code analysis, and compliance monitoring, all aimed at ensuring secure coding practices and safeguarding applications against potential exploits. The primary use cases for Application Security Software involve integration into various stages of the software development lifecycle, allowing developers to identify security issues early in the process. Common buyer personas include IT security teams, developers, and software architects, who use these tools to enhance application security policies and practices. The solutions provide actionable insights and remediation steps, helping organizations adopt a proactive stance toward application security in an increasingly threat-laden digital landscape.

Companies
11
Revenue
$67.2M
Funding
$32.9M
Employees
593

Filters

Sorting: Highest -> Lowest

Filters

Top Application Security Software Companies With $5M–$10M Revenue

Showing 10 of 11 companies ranked by annual revenue.

1Astra Security logo
Astra Security

New Delhi, New Delhi, India

Astra Security is a privately held U.S. & India based cyber security company. Backed by Techstars, Astra offers a Pentest Platform that helps organizations become proactively secure. The Pentest Platform uncovers more than 30,000+ vulnerabilities for its customers every month, saving its customers millions of dollars in potential loss and thousands of developer hours. The company has earned several accolades including ‘The Most Innovative Security Company’ by Prime Minister Narendra Modi at the Global Conference on Cyber Security (2017), one of the top 50 emerging cybersecurity companies at ‘Emerge 50’ by NASSCOM, the French Tech Ticket under which Astra Security got rewarded by the President of France under the La French Tech program. In 2021, Astra Security was also named as a CyberTech100 company. Astra is a trusted security partner to some of the well-known brands like Muthoot Finance, NIIT, Goldcast, ITC & more. Our flagship product, ASTRA, brings together an extensive feature set of manual/automated penetration testing tools, while performing a comprehensive vulnerability assessment and proactively responds to threats.

Revenue
$9.8M
Year founded
2018
Team size
89
2Covert Swarm logo
Covert Swarm

London, England, United Kingdom

YOU DESERVE TO BE HACKED. They say you should keep your friends close, but your enemies closer — and CovertSwarm is your worst nightmare. A specialist red team of ethical hackers and penetration testers, we attack relentlessly from every angle to hit your brand where it hurts again, and again, and again. If there’s a weak spot in your app or website, we’ll find it. If an update exposes a vulnerability, we’ll spot it. And we’ll raise the alarm fast, before anyone can break in.

Revenue
$7.2M
Year founded
2020
Team size
65
3Build38 logo
Build38

Munich, Bavaria, Germany

Build38 is the innovative and cutting-edge provider of the next generation AI-based app protection and management platform. We deliver in-app protection (app-hardening), monitoring and app life cycle management technologies. We protect your apps and backend from known and unknown attacks. Our technology can be easily integrated into any iOS and Android app. Your developers can focus on what they are best at: delivering business value, while Build38 delivers the security. And your user can feel at ease. Build38 protects applications across various industries including automotive, banking, insurance, public transportation and healthcare. Build38 is headquartered in Munich with offices in Barcelona and Singapore.

Revenue
$6.6M
Year founded
2018
Team size
60
4Indusface logo
Indusface

Vadodara, India

website security solutions

Revenue
$6M
Customers
2K
Year founded
2012
Team size
162
5Security Journey logo
Security Journey

Pittsburgh, Pennsylvania, United States

Security Journey offers robust application security education tools to help developers and the entire SDLC team recognize and understand vulnerabilities and threats and proactively mitigate these risks. The knowledge learners acquire in our programs goes beyond helping learners code more securely – it turns everyone in the SDLC into security champions. Our platform takes a unique level approach, transitioning learners from security basics to language-specific knowledge to the experiential learning required to become security champions. With lessons offered in multiple formats, including text, video, and hands-on sandbox environments, there is a modality that resonates with every learning style. Organizations with teams of security champions develop a security-first mindset that allows them to deliver safer, more secure applications.

Revenue
$5.9M
Year founded
2016
Team size
54
6RedShield logo
RedShield

Wellington, New Zealand

RedShield offers a comprehensive managed web application and API security service. Our expert team provides real-time vulnerability remediation as a fully managed service, with no application code changes required. WEB-APPLICATION & API SECURITY: RedShield delivers advanced protection and proactive remediation for web applications and APIs. By seamlessly routing your web traffic through our AWS-powered platform, we apply real-time fixes, referred to as “in-flight patches,” to neutralize vulnerabilities in applications as they are detected. These patches work alongside complementary Web Application Firewall (WAF) and DDoS/bot protection, and our service continuously monitors and mitigates attacks to provide risk reduction for customers. NO APPLICATION CODE CHANGES NEEDED: Our solution operates without requiring any changes to your application code. Once traffic is routed through our platform, vulnerability scans and pen-test results are analysed by our global security experts. Fixes are then automatically deployed. For unique or complex vulnerabilities, including business logic issues, our 24/7 defense teams design custom in-flight security patches to fix the vulnerabilities on-the-wire. ASSURED OUTCOMES: RedShield is more than just a tool. It is a service with guaranteed security outcomes. You receive ongoing assurance through continuous testing, monitoring, incident response, change management, and detailed reporting. Our fully managed model significantly reduces your total cost of ownership while enabling stronger and faster risk mitigation. WHO BENEFITS? - CISOs seeking effective risk reduction and demonstrable security outcomes. - Developers eager to eliminate vulnerability backlog and focus on building features. - Security Teams requiring continuous protection without staffing overhead. Get Started If vulnerability remediation is slow or resource-heavy, now is the time to explore RedShield. Start a free trial or book a consultation with our experts.

Revenue
$5.8M
Year founded
2008
Funding
$18.5M
Team size
53
7vantagepoint.sg logo
vantagepoint.sg

Singapore, Singapore, Singapore

CREST Approved Penetration Testing in SE Asia. Mobile Application Security Testing Web Application Security Testing CLOUD Security Assessments API Security Testing Network Penetration Testing Red Teaming Phishing Campaigns

Revenue
$5.5M
Year founded
2014
Team size
50
8InishTech logo
InishTech

Dublin, Ireland

Provider of code protection and license management services designed to protect valuable IP and prevent illegal copying and theft. The company's code protection and license management services offer software licensing and protect all types of .NET applications by locking licences to individual users, nodes or other identifiers, enabling clients to maximise the revenue potential of their software.

Revenue
$5.4M
Year founded
2009
Team size
3
9PentesterLab logo
PentesterLab

Victoria, Australia

Learn Web Application Hacking

Revenue
$5M
Year founded
2011
Team size
30
10Feroot Security logo
Feroot Security

Toronto, Ontario, Canada

Feroot Security platform protects the client-side javascript code of web applications against client-side attacks and compliance violations.

Revenue
$5M
Year founded
2017
Funding
$14.4M
Team size
22

Frequently asked questions about Application Security Software Companies With $5M–$10M Revenue

How many application security software companies with $5M–$10M in annual revenue are there?

Latka tracks 11 application security software companies with $5M–$10M in annual revenue. Together they generate $67.2M in annual revenue and employ 593 people.

Which application security software company with $5M–$10M in annual revenue is the largest?

Astra Security is the largest, with $9.8M in annual revenue, founded in 2018.

How much revenue does a typical application security software company with $5M–$10M in annual revenue make?

The average application security software company in this list makes $6.1M a year, across 11 companies with reported revenue. They serve 2K customers combined.

Who are the leading Application Security software vendors with $5M–$10M in annual revenue?

Ranked by annual revenue, the leaders are Astra Security, Covert Swarm, Build38, Indusface and Security Journey.

How much funding have application security software companies with $5M–$10M in annual revenue raised?

The 11 application security software companies with $5M–$10M in annual revenue tracked here have raised $32.9M in disclosed funding between them.

Related Security Software categories

Inclusion Criteria

- Provides tools for identifying and remediating security vulnerabilities in application code. - Supports integration into the software development lifecycle for continuous security monitoring. - Offers features such as automated vulnerability scanning and code analysis. - Facilitates secure coding practices through guidelines and compliance tracking. - Not just limited to testing; must also include features for ongoing monitoring and remediation.