The company is rapidly expanding into the banking, government and defense industries with a best-in-class supply chain security platform
HOUSTON–(BUSINESS WIRE)–Codenotary, a leader in software supply chain protection, today announced that the company completed the first half of 2024 with record revenues and strong expansion into financial services, government and defense with its best-in-class supply chain security platform, Trustcenter.
“In the first half of 2024, Codenotary signed several multi-year contracts with top-tier clients in the financial and government sectors. We grew equally in the US and European markets. Overall, we are very pleased with the number of new customers and the 140% revenue growth in the US and Europe. After a profitable year in 2023, we were able to achieve further margin growth in the first half of 2024. Some of our customers are now securing billions of artifacts in their DevOps environments,” said Moshe Bar, CEO of Codenotary.
Codenotary has secured $25 million in funding to date and has acquired customers including some of the largest banks in the US and Europe, as well as government, pharmaceutical, industrial and defense clients. Codenotary supports the company’s growth across all regions and has a network of 80 resellers across the US and Europe.
“Large enterprises have realized that they need to secure their software supply chain due to the increasing number of attacks on software components in recent years. The biggest threat to enterprise application security today comes from within. It is too easy to import malicious code into a project through a quick library import. It only takes a few seconds to infect the DevOps environment,” said Dennis Zimmer, co-founder and CTO of Codenotary.
“The British Army has extremely high standards for quality and security in our computing environment. Codenotary has listened to our needs and their product meets our stringent requirements,” said Captain D. Preuss of the British Army.
In terms of product development, the company has released three versions of its flagship product Trustcenter, including version 4.8, which was the first platform of its kind to add machine learning to automate the process of detecting security issues that can be exploited in the customer’s environment. Codenotary’s Trustcenter is typically used as part of an organization’s compliance, auditing, and forensics activities to maintain a secure software supply chain. It significantly increases overall application security by enforcing that only trusted and approved artifacts are integrated into apps.
Codenotary is also the primary custodian of immudb, the first and only open source, enterprise-grade immutable database with data persistence at scale for demanding applications – up to billions of transactions per day. To date, immudb, which serves as the foundation for Codenotary’s supply chain security products, has been downloaded more than 40 million times. Thousands of organizations worldwide use immudb to protect their data from tampering instead of using cumbersome and complex blockchain technologies.
About Codenotary
Codenotary has hundreds of customers, including top-tier banks in the US and Europe, and brings user-friendly trust and integrity to the software lifecycle by providing end-to-end, cryptographically verifiable tracking and provenance for all artifacts, actions, and dependencies. Codenotary can be set up in minutes and fully integrated with modern CI/CD platforms. It is the only immutable and customer-verifiable solution on the market, capable of processing millions of transactions per second. Codenotary’s tamper-proof BOM allows users to instantly identify untrusted components in their software builds. For more information, visit https://www.codenotary.com.
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Elena Sorg
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