Debricked
Solving the problem of vulnerabilities and compliance when using Open Source in commercial product development.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | SEK250m Valuation: SEK250m 4.1x EV/Revenue -24.8x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 363 % | 98 % | 7678 % | (28 %) | 59 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | - | (1300 %) | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (2180 %) | (1240 %) | (1392 %) | 27 % | 38 % | 36 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Debricked AB, a software company based in Malmö, Sweden, was acquired by Micro Focus in February 2022. The company specializes in Software Composition Analysis (SCA), a critical area of cybersecurity focused on managing open-source components within software projects. Founded in 2018 as a result of research conducted at Lund University, the firm was established by a team with deep roots in security and machine learning.
The founders, Oscar Reimer (former CTO), Martin Hell (former CBO), and John Ellinvent (former CEO), leveraged their academic background to develop the company's core technology. Their research into machine learning's application for vulnerability management formed the foundation of Debricked's product. Following the acquisition by Micro Focus, the tool was integrated into the Fortify portfolio, a suite of application security products. Subsequently, when OpenText acquired Micro Focus in early 2023, Debricked became part of OpenText's broader cybersecurity offerings, specifically within the Fortify product line.
Debricked's primary product is an automated tool that scans software dependencies to identify security vulnerabilities and ensure license compliance. It operates on a subscription-based business model, catering to developers and organizations that utilize open-source code in their applications. The platform's main function is to help clients mitigate risks associated with third-party code. A key feature is its ability to not only detect vulnerabilities but also provide actionable solutions, sometimes with a single click, to remediate the identified issues. The technology uses machine learning algorithms to improve the accuracy of its vulnerability data, aiming to reduce the number of false positives that developers have to contend with.
Keywords: Software Composition Analysis, open source security, vulnerability management, license compliance, cybersecurity, application security, DevSecOps, code scanning, dependency management, software supply chain