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Checkmarx

Checkmarx Ltd. is an application security company founded in 2006, specializing in software security solutions that enable enterprises to identify and remediate vulnerabilities throughout the lifecycle. Headquartered in , , with major offices in the United States (including ), the , , , , and , Checkmarx operates globally and serves over 1,800 customers across more than 70 countries, including numerous 100 organizations. The company's flagship product, Checkmarx One, is a unified, cloud-native platform that integrates (SAST), (SCA), interactive application security testing (IAST), security, and AI-powered developer assistance to secure applications from code to cloud without impeding development velocity. Founded by Maty Siman (current CTO) and Emmanuel Benzaquen, Checkmarx was initially backed by before being acquired in 2020 by private equity firm for $1.15 billion, marking a significant milestone in its growth as a leader in the cybersecurity sector. Under CEO Sandeep Johri, the company has expanded its focus on AI-driven innovations, achieving recognition as a Leader in the 2025 for Testing and surpassing $150 million in annual recurring revenue for Checkmarx One as of October 2025.

Overview

Founding and Leadership

Checkmarx was founded in 2006 in , , by Maty and Emmanuel Benzaquen. , who serves as the company's , brought extensive expertise in IT , having spent six years in the where he was part of the excellence program, followed by two years as a senior IT expert and project manager at the Israeli Prime Minister's Office prior to the company's inception. Benzaquen, the co-founder, assumed the role of CEO from the outset and led the organization for 17 years, guiding its development as a provider of testing solutions until his departure in February 2023. In February 2023, Sandeep Johri was appointed as CEO, succeeding Benzaquen, who transitioned to continue serving on the . Johri, a seasoned in the cybersecurity and software sectors, previously founded venture-backed startups including Oblix (acquired by ), Determina, and Bluelane (acquired by ), and most recently served as CEO of . Under Johri's leadership, the team has emphasized strategic growth in . As of 2025, Checkmarx's key executives include CTO Maty Siman, who continues to oversee technology and product strategy; CFO Shmuel Arvatz, with over 25 years of finance experience from roles at Allot Communications and ; and CPO Jonathan Rende, responsible for product strategy on the Checkmarx One platform, drawing from prior positions at Mercury Software and .

Operations and Global Reach

Checkmarx is headquartered in , , at Amot Atrium Tower on Jabotinsky Street, with additional offices in locations such as Atlanta, Georgia; ; , ; and , , among others. The company maintains a global presence, serving customers across more than 70 countries and supporting enterprises in diverse regions through its network of international operations. As of 2025, Checkmarx employs over 900 professionals worldwide, with a distributed across engineering, sales, and research teams to support its expanding operations. The company's customer base includes more than 1,800 organizations, among which 40% of 100 companies are served, particularly in high-stakes sectors like , healthcare, and . These demographics reflect Checkmarx's focus on large-scale enterprises requiring robust security for critical applications in regulated environments. Checkmarx operates on a subscription-based , delivering enterprise-grade solutions that seamlessly integrate into DevOps pipelines. This approach prioritizes by embedding security testing throughout the lifecycle, allowing teams to identify and remediate vulnerabilities without compromising development velocity. Under the leadership of CEO Sandeep Johri, who joined in 2023, the company has driven operational expansion while maintaining double-digit global growth. Key performance metrics underscore the effectiveness of Checkmarx's solutions, including up to 90% reduction in alert noise to minimize developer fatigue and focus remediation efforts. A 2024 Forrester Consulting Total Economic Impact study further highlights a 177% over three years for composite organizations, based on benefits such as improved and reduced breach risks.

History

Early Development

Checkmarx was established in 2006 as a provider of (SAST) tools, focusing on automated analysis to detect vulnerabilities in software code early in the development process. The company's co-founders, Emmanuel Benzaquen and Maty Siman, leveraged their extensive backgrounds in and IT security to build a platform addressing the growing need for secure coding practices. The initial product, CxSAST, launched shortly after founding as the first source code analysis platform designed to identify security vulnerabilities in custom, uncompiled code across multiple programming languages. This tool enabled organizations to scan for issues like injection flaws and without requiring code compilation, setting the foundation for Checkmarx's emphasis on developer-friendly integration. In the late 2000s, Checkmarx navigated early challenges by prioritizing the integration of security testing into the software development lifecycle (SDLC), responding to the escalating threats from web application vulnerabilities documented in reports like the OWASP Top 10 updates of 2007 and 2010. These updates underscored risks such as and sensitive data exposure, prompting a pivot toward tools that embedded security checks directly into development workflows to mitigate delays and costs associated with post-development fixes. A pivotal early emerged in when Salesforce invested in Checkmarx, fostering ongoing collaboration to enhance secure application development within cloud environments and validating the company's SAST approach for enterprise-scale adoption.

Growth and Key Milestones

In 2015, Checkmarx received an $84 million growth investment led by , which shifted the company's focus toward accelerated global expansion and product innovation. In 2013, Checkmarx raised $8 million in a Series B funding round to support product enhancements and market expansion. The company experienced significant operational growth throughout the late , expanding its workforce to over 700 employees by 2020 and achieving annual revenue of $58.2 million in 2021. In November 2018, Checkmarx acquired Custodela, enhancing automation capabilities for DevSecOps program development. In April 2020, completed its acquisition of Checkmarx for $1.15 billion, positioning the company for further scaling in the market. In August 2021, Checkmarx acquired Dustico, a platform specializing in detecting malicious attacks in supply chains. These integrations expanded Checkmarx's platform to provide more comprehensive security features. Checkmarx has earned consistent industry recognition, being named a Leader in the Gartner for Testing for multiple consecutive years, including 2025, where it was positioned highest in Ability to Execute and furthest in Completeness of Vision for the seventh time. In October 2025, Checkmarx One achieved over $150 million in annual recurring revenue, reflecting strong enterprise adoption.

Products and Technology

Core Security Solutions

Checkmarx's core security solutions form the foundation of its application security testing (AppSec) offerings, centered on a shift-left security model that embeds vulnerability detection and remediation directly into developers' workflows and continuous integration/continuous deployment (CI/CD) pipelines. This approach enables early identification of risks without disrupting development velocity, supporting over 75 programming languages and 100 frameworks for seamless integration across the software development lifecycle (SDLC). Static Application Security Testing (SAST) is a primary tool in Checkmarx's suite, designed to analyze uncompiled directly from repositories such as , , , and , without requiring code execution. It detects vulnerabilities including and (XSS) in custom code, providing fast scans that reduce false positives by up to 80% and accelerate testing by as much as 90%. By integrating into processes and developer environments, SAST offers real-time guidance for remediation, enhancing secure coding practices from the outset. Software Composition Analysis (SCA) complements SAST by focusing on open-source components, scanning direct and transitive dependencies—including private packages—for known vulnerabilities, malicious code, and license compliance issues. This solution maintains a database of over 410,000 malicious packages and employs to prioritize risks based on exploitability, delivering actionable remediation recommendations. Integrated into pipelines, SCA ensures comprehensive visibility into the , supporting compliance with standards like SBOM generation for regulatory requirements. API Security addresses the unique risks of -driven applications by discovering and managing throughout the SDLC, including and that may go undocumented. It protects against threats such as broken and excessive exposure through and scans, combined with dynamic for detection and business-risk prioritization. By tracking API changes and maintaining a centralized , this solution provides complete visibility and mitigates discrepancies between intended and actual implementations, integrating seamlessly with SAST for holistic coverage. These solutions evolved from Checkmarx's initial emphasis on SAST tools, expanding to encompass broader AppSec needs in modern, API-centric, and open-source reliant development environments.

Platform Capabilities

Checkmarx One is a SaaS-based, cloud-native application security platform launched in October 2021, designed to consolidate static application security testing (SAST), software composition analysis (SCA), API security, dynamic application security testing (DAST), and runtime protection into a unified interface for streamlined vulnerability management across the software development lifecycle. The platform enables enterprises to integrate security testing directly into developer workflows, providing a single pane of glass for risk assessment and remediation. Key features of Checkmarx One include support for over 75 programming languages, more than 100 frameworks, and 75+ technologies, allowing comprehensive scanning of diverse codebases. It incorporates -powered prioritization of security alerts to focus on high-risk , reducing noise and accelerating . As of 2025, this extends to Checkmarx One Assist, a family of agentic agents that provide , context-aware guidance for remediation and secure coding directly in developers' . Seamless integrations with popular development tools such as , Jenkins, and facilitate automated scanning within pipelines, ensuring security without disrupting productivity. Advanced capabilities extend to protection for monitoring applications in production environments, (IaC) scanning to identify misconfigurations in tools like , and compliance reporting aligned with standards such as Top 10 and GDPR through features like personally identifiable information (PII) . The acquisition of Dustico in 2021 enhanced the platform's components by adding behavioral analysis for detecting malicious open-source dependencies. Performance metrics highlight Checkmarx One's efficiency, with algorithms achieving up to a 90% in false positives to minimize alert fatigue in large-scale deployments. Its scalable architecture supports enterprise environments, scanning trillions of lines of code annually for major organizations while maintaining low operational overhead.

Research and Innovations

Vulnerability Discoveries

Checkmarx's research team has uncovered several significant vulnerabilities in consumer applications and devices, highlighting risks to user privacy and security. In January 2018, researchers identified flaws in the Tinder iOS and Android apps due to the absence of HTTPS encryption for image loading and API requests, enabling attackers on the same Wi-Fi network to intercept and view users' photos, swipes, and matches, potentially leading to blackmail or privacy breaches. In November 2019, Checkmarx disclosed critical vulnerabilities in the Camera and Camera apps on devices, which allowed malicious apps to silently access the camera and microphone for taking photos, recording video and audio—even during phone calls—without user permission or indicators, affecting hundreds of millions of devices. and promptly issued patches to address the issues. The team revealed multiple flaws in the Trifo Ironpie smart vacuum's software in February 2020, including weak and exposed , permitting remote attackers to intercept live video streams from the device's built-in camera and user home footage without authorization, raising concerns over in-home . In 2020, following an begun in December 2019, Checkmarx researchers identified severe issues in the , such as (XSS) and broken controls, that could enable attackers to hijack group pages, steal user , and redirect financial transactions to malicious accounts, exposing personal information of millions of users. Similarly, in April 2018, researchers demonstrated how a malicious skill could exploit the Echo's request routing to eavesdrop on conversations continuously, capturing and transmitting audio to attackers, which fixed shortly after disclosure. These findings often leveraged Checkmarx's (SAST) tools to analyze code for such exposures. In August 2022, a high-severity vulnerability in the Android app was uncovered, stemming from improper intent handling and data storage, allowing any malicious app on the device to extract sensitive user information, including camera recordings and two-factor codes, potentially compromising the of tens of millions of Ring users worldwide; Amazon patched it in May 2022 before public disclosure. In 2025, as a CVE Numbering Authority, Checkmarx disclosed several vulnerabilities in open-source projects, including a code injection flaw in the ThreeMFReader.py library that could allow attackers to execute malicious code via distributed models, and published research on proactive vulnerability hunting to address emerging threats in software supply chains.

Industry Impact

Checkmarx has significantly contributed to the evolution of application security standards through its alignment with the OWASP Top 10 risks and active participation in OWASP initiatives. The company's (SAST) tools are designed to detect and mitigate vulnerabilities corresponding to the OWASP Top 10, such as injection attacks and , enabling organizations to proactively address these prevalent threats. Furthermore, Checkmarx personnel, including VP of Security Research Erez Yalon, have led key OWASP projects, such as founding the API Security project in 2019 and contributing to the development of the OWASP API Security Top 10 guidelines, which influence global best practices for securing APIs. These efforts extend to acknowledgments in OWASP Top 10 updates, where Checkmarx experts have provided input on risk prioritization and mitigation strategies. In terms of thought leadership, Checkmarx has advanced discussions on following its 2021 acquisition of Dustico, an open-source provider, which integrated behavioral analysis capabilities into its platform to detect malicious code in third-party dependencies. Post-acquisition publications from Checkmarx emphasize the need for enhanced defenses against attacks, highlighting vulnerabilities in open-source ecosystems and proposing comprehensive scanning approaches to prevent such incidents. In 2024, Checkmarx's Future of Report revealed that 91% of organizations knowingly release vulnerable applications, with 57% of vulnerabilities left unresolved by developers, underscoring the urgency for integrated AppSec solutions. The 2025 DevSecOps Evolution Research Report provided benchmarks for DevSecOps maturity, showing how teams are embedding into development pipelines. Additionally, the company has advocated for DevSecOps integration by promoting the embedding of practices into development pipelines, offering resources and integrations that automate without disrupting workflows, thereby fostering a cultural shift toward as a shared responsibility across teams. Checkmarx was named a Leader in the 2025 for Testing and the Forrester Wave for Static Analysis (SAST). Checkmarx's tools have influenced by providing automated support for standards like PCI-DSS and HIPAA, where SAST scans help identify sensitive data exposure and issues to meet requirements for protecting cardholder and health information. As of 2025, the company has extended this support to emerging security frameworks, with publications outlining how must adapt to AI-shifted lifecycles, including risks in generative AI models and recommendations for integrating AI-specific testing. The broader impact of Checkmarx's research is evident in its role in prompting security patches for major products, such as the 2022 update to Amazon's Android app following the disclosure of a that could expose user camera recordings. A 2024 Forrester Total Economic Impact study commissioned by Checkmarx further quantifies these benefits, revealing a 177% for organizations deploying its platform, with benefits including reduced breach risks and operational efficiencies totaling $7.13 million over three years. This research underscores Checkmarx's contribution to demonstrating the tangible value of proactive investments.

Ownership and Funding

Investment Rounds

Checkmarx secured its initial venture funding through a on October 11, 2011, raising $6.5 million led by . This investment supported early product development for the company's solutions. In November 2013, Checkmarx completed a Series B round, raising $8 million from investors including Ventures, XT Hi-Tech, and Investment Management. This growth capital, provided by and others, focused on enhancing platform capabilities and expanding market reach. The company's most significant pre-2020 funding came in a Series C round on June 25, 2015, with $84 million invested by . Across these venture rounds from 2011 to 2015, Checkmarx raised a total of $98.5 million from key backers such as Ventures and . The 2015 investment specifically enabled global expansion and product innovation, including support for later acquisitions like Custodela in 2018 to bolster DevSecOps services.

Valuation and Current Status

In April 2020, , along with minority investor TPG, completed the acquisition of Checkmarx from in an all-cash transaction valued at $1.15 billion, marking the largest deal in the sector at the time. retained a substantial minority stake in the company following the transaction. By September 2024, initiated a sale process for Checkmarx, targeting a valuation of at least $2.5 billion—more than double the 2020 purchase price—amid strong demand in the cybersecurity market. The sale process, initiated in September 2024, remained ongoing as of that date, with no completion announced as of November 2025. As of 2024, Checkmarx's majority ownership is held by , with minority stakes including TPG and from the 2020 acquisition, along with employees and founders. The company's financial performance has supported this potential exit, with revenues doubling since the 2020 acquisition and annual recurring revenue from its Checkmarx One platform surpassing $150 million by October 2025, reflecting robust growth in the cybersecurity sector despite a minor dip in 2023.

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