ArmorCode Raises $16 Million for Exposure Management Platform

Unified exposure management firm ArmorCode has raised $16 million in a strategic funding round that brings the total raised by the company to $81 million.

The new investment round was led by Cheyenne Ventures, with additional support from Ballistic Ventures, Cervin Ventures, Harmonic Growth Partners, Highland Capital, NGP Capital, Sierra Ventures, and Tau Ventures.

Founded in 2020, Palo Alto, Calif.-based ArmorCode has built an agentic AI platform that provides organizations with a unified view over AI agents, MCP servers, and shadow AI apps.

The solution covers applications, cloud services, infrastructure, and AI systems, combining fragmented data into a single view and offering actionable risk reduction capabilities.

ArmorCode’s platform unifies exposure management, prioritizes and drives remediation across enterprise environments, helping businesses adopt AI.

The fresh investment will be used to accelerate platform development, expand go-to-market efforts, and drive product innovation.

ArmorCode will expand its AI Exposure Management (AIEM) capabilities, add autonomous, multi-step security workflows and expanded MCP server support for an extensible security control plane, and will grow its dedicated customer success organization.

In addition to the new funding, the company announced the appointment of Phil Venables to its Board of Directors.

“ArmorCode is uniquely positioned to navigate the intersection of AI innovation and enterprise risk. 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,” Venables said.

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