ArmorCode has raised $16 million in new strategic funding, bringing its total capital raised to $81 million. At the same time, the company appointed cybersecurity veteran Phil Venables to its Board of Directors, further strengthening its enterprise leadership as organizations accelerate AI adoption. Together, these developments position ArmorCode to scale its Agentic AI Platform, expand its global reach, and drive innovation in unified exposure management.
As enterprises increasingly integrate AI into operations, risk management has become more complex. Therefore, ArmorCode plans to use the new funding to enhance its Agentic AI Platform, accelerate global go-to-market efforts, and continue advancing its product capabilities. The company has already doubled year over year and now supports Global 2000 enterprises seeking unified visibility across applications, infrastructure, cloud environments, and AI systems.
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Cheyenne Ventures led the funding round, with participation from both new and existing investors including Ballistic Ventures, Highland Capital, Sierra Ventures, NGP Capital, Harmonic Growth Partners, Tau Ventures, and Cervin. This investment reflects growing confidence in ArmorCode’s ability to help enterprises manage expanding cyber exposure in the AI era.
“Enterprises are accelerating AI adoption, and with five trillion AI agents projected by 2030, AI risk management is essential to keep pace,” said Nikhil Gupta, Founder and CEO of ArmorCode. “This capital enables us to scale our agentic AI platform vision faster, deepen our enterprise footprint, and continue building the industry’s most comprehensive unified exposure management platform.”
Notably, nearly 80 percent of ArmorCode’s Fortune 500 and Fortune 1000 customers are expanding their adoption of the Agentic AI platform. These enterprises are adding capabilities that provide visibility into AI agents, MCP servers, and shadow AI environments. As AI-driven systems grow across organizations, security teams require centralized governance and lifecycle management to maintain control.
Gregory Eaton, Managing Director of Cheyenne Ventures, said: “AI and autonomous agents are reshaping the enterprise, driving exponential growth in security complexity. ArmorCode is pioneering Agentic AI for Exposure Management, transforming fragmented security data into intelligent, actionable risk reduction. We are proud to support ArmorCode as they define exposure management for the agentic era.”
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In addition to securing new funding, ArmorCode strengthened its leadership team by appointing Phil Venables to its Board of Directors. Currently a Venture Partner at Ballistic Ventures, Venables previously served as Chief Information Security Officer at Goldman Sachs and Google Cloud. His experience in enterprise risk management and cyber resilience brings strategic depth to ArmorCode’s long-term vision.
“ArmorCode is uniquely positioned to navigate the intersection of AI innovation and enterprise risk,” said Venables. “As organizations deploy AI across their operations, they need unified exposure management to mitigate risks across applications, infrastructure, and AI systems. ArmorCode is building that control plane.”
As AI becomes embedded in software development, operational workflows, and enterprise decision-making systems, security teams face fragmented visibility across multiple tools, agents, and risk surfaces. To address this, ArmorCode consolidates findings from application, cloud, infrastructure, and AI systems into a single prioritized risk view. Consequently, organizations can reduce exposure faster, align security initiatives with business objectives, and gain visibility into both sanctioned and unsanctioned AI usage.
The newly raised capital will directly support several strategic initiatives. First, ArmorCode will expand its AI Exposure Management (AIEM) capabilities, delivering deeper visibility and governance over AI environments while eliminating shadow AI risk. Second, the company will continue platform innovation through its Anya Agentic Framework, enabling autonomous multi-step security workflows and broader MCP server integration. Additionally, ArmorCode plans to scale its global sales organization and partner ecosystem across North America and EMEA. Finally, it will invest in customer success by adding solution architects and AI security specialists to ensure rapid deployment and measurable risk reduction for enterprise clients.
Overall, ArmorCode’s funding and board expansion underscore its commitment to helping enterprises adopt AI securely while maintaining comprehensive exposure management in an increasingly complex threat landscape.
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