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Based in San Francisco and Paris, Bearer is a data security software company that provides a static application security testing platform to help developers automatically detect sensitive data flows and mitigate security risks directly within the software development lifecycle. Operating through an open-core business-to-business software-as-a-service model, the enterprise utilizes a policy engine and artificial intelligence to monitor data privacy compliance before code release. The organization scaled to a team of approximately 20 employees and raised $8 million in seed funding from prominent venture capital investors including Alven, Partech, and Point Nine. Bearer provided its automated remediation tools to corporate clients such as healthcare services provider Doctolib before being acquired by application security firm Cycode in March 2024 to enhance its capabilities. The cybersecurity company was originally founded in 2018 by Guillaume Montard and Cédric Fabianski.
Bearer has raised $8.0M across 3 funding rounds.
Bearer has raised $8.0M in total across 3 funding rounds.
Bearer has raised $8.0M across 3 funding rounds. Most recently, it raised $4.0M Seed in October 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2022 | $4M Seed | Thomas Cuvelier | American Express Ventures, Atlassian Ventures, Battery Ventures, Bond, CapitalG, Felicis Ventures, Fintlv Ventures, Jigsaw VC, MS&AD Ventures, Munich RE / HSB Ventures, Next47, Partech Ventures, Point Nine Capital, Redpoint Ventures, RTP Global, Seedcamp, Theory Ventures, Zeev Capital, Mandeep Singh, TIM Sadler, Kima Ventures | Announced |
| Aug 1, 2020 | $3M Seed | — | Point Nine Capital | Announced |
| Dec 1, 2018 | $1M Seed | — | Atlassian Ventures, Bond, Felicis Ventures, Next47, Partech Ventures, Seedcamp, Theory Ventures, Mandeep Singh, TIM Sadler | Announced |
Bearer has raised $8.0M in total across 3 funding rounds.
Bearer's investors include Thomas Cuvelier, American Express Ventures, Atlassian Ventures, Battery Ventures, Bond, CapitalG, Felicis Ventures, FinTLV Ventures, Jigsaw VC, MS&AD Ventures, Munich Re / HSB Ventures, Next47.
Bearer is a developer-first security company that builds a Static Application Security Testing (SAST) platform to assess, prioritize, and remediate application security risks, vulnerabilities, data leaks, and privacy issues in code.[1][3][4] It serves security and engineering teams at modern SaaS companies, enabling them to proactively prevent data breaches by scanning source code for sensitive data flows, API discoveries, and vulnerabilities with AI-powered context for fast remediation.[2][3][4] Bearer's growth momentum included strong developer adoption—praised for its low false positives, in-PR AI suggestions, and GitHub App integration—culminating in its acquisition by Cycode in 2024, which enhanced Cycode's Application Security Posture Management (ASPM) platform with 31% faster scanning and better reachability.[2][4]
Bearer emerged from a team of experienced technology leaders and technical SMEs focused on real engineering challenges in security and privacy.[4][6] Based in France with under 25 employees, it was backed by investors like Partech Partners, who highlighted its mission to craft the ultimate platform for building secure software that protects sensitive data.[3][6] Key early traction came from its "next-generation" SAST approach, which addressed longstanding issues in static analysis like developer-unfriendliness, gaining endorsements from industry figures for its privacy insights and balanced security-developer experience.[4][5] The pivotal moment arrived with Cycode's 2024 acquisition (expected to close that year), integrating Bearer's AI-driven SAST, API discovery, and data leak protection into a broader ASPM offering.[2]
Bearer's platform stood out in the crowded SAST market through these key strengths:
Bearer rode the surge in developer-centric security tools amid rising data breaches, AI adoption in dev pipelines, and the shift to Application Security Posture Management (ASPM).[2][5] Its timing was ideal as organizations demanded seamless security in CI/CD without false positive overload, aligning with market forces like regulatory pressures (e.g., privacy laws) and the need for cross-team collaboration between devs and SecOps.[2][3] By influencing the ecosystem through Partech backing and Cycode integration, Bearer accelerated "safe code, faster" standards, pushing competitors toward AI-driven, velocity-focused SAST and elevating privacy-aware development in SaaS scaling.[2][4][6]
Post-acquisition, Bearer’s tech now powers Cycode’s market-leading ASPM, positioning it for expanded reach in AI-enhanced security.[2] Trends like generative AI codegen vulnerabilities and zero-trust API security will shape its path, with Cycode likely iterating on Bearer's speed and precision for enterprise dominance. Its influence may evolve from standalone innovator to core engine in unified platforms, redefining developer-security harmony and preventing breaches at scale—proving that cutting-edge SAST like Bearer's is essential for secure software in an AI-accelerated world.[2][4]
