Veracode is the leader in on-demand application risk management solutions. Its ultimate goal is to bring the software industry to a higher standard of development, evaluation and procurement of software.
Veracode was the second company I helped start while at Polaris. Together with fellow VC Jeff Fagnan and Maria Cirino (who wasn’t a VC then but has started .406 Ventures since) I helped founders Christien Rioux a.k.a. DilDog and Chris Wysopal a.k.a. Weld Pond (originally from @Stake and the L0pht before) spin out from Symantec and completely revamp their product roadmap and business model. The process took over a year but was well worth it. Veracode created a new category in the crowded security space and, under the leadership of Bob Brennan, previously the CEO of Iron Mountain, is quickly becoming the go-to vendor for security-conscious enterprises.
Veracode was my first experience with building a technology-leveraged services company with SaaS as the solution delivery vehicle. When done right it’s a powerful business model.