Bearer

01 / WHAT IT BUILT

What the company did

Bearer was a data security SaaS company founded in 2018 in San Francisco by Guillaume Montard and Cédric Fabianski, with an office in Paris. It built a developer-first platform that automatically detected sensitive data flows and data security risks while coding - combining open-source code analysis engines with proprietary heuristics. Its policy engine monitored data security policies before code release, and a remediation workflow prioritized the most critical issues. Customers included healthcare, e-commerce and financial services companies such as Doctolib. The company raised an $8 million seed round led by Alven, with Kima Ventures, Partech and Point Nine. In March 2024 it was acquired by DevOps security company Cycode for an undisclosed price.

03 / EVENT HISTORY

Events in the structured record

1. 2018
   Founded in San Francisco

   Guillaume Montard and Cédric Fabianski founded Bearer in San Francisco (with a Paris office) to make data security pragmatic for developers, detecting sensitive data flows automatically while coding.

2. 2022
   Seed round closed at $8M

   Bearer closed its seed round at $8 million with a $4 million second tranche led by Alven, joined by Kima Ventures, Partech and Point Nine.

3. 2024
   Acquired by Cycode

   On March 5, 2024 DevOps security startup Cycode announced the acquisition of Bearer for an undisclosed price, aiming to boost its application security posture management (ASPM) platform with AI-powered scanning 31% faster than competitors.