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ACQUIRED COMPANY
 
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Coverity  Acquired by Synopsys (2014 $ 375,000,000 )

185 Berry St. Suite 1600
San Francisco, CA 94107
USA
(415) 321-5200
Website Company Summary Management Team
Team

Management: Andreas Kuehlmann (VP R&D) Mona Sabat (General Counsel)
Outside board: Fred Gerson (Totality Former CFO) Kirk Bowman (Equallogic Former EVP Field Operations) Seth Hallem (Coverity Former CEO) Paul Holland (Foundation Capital Partner) Anthony Zingale (Mercury Interactive Former President/CEO) Aki Fujimura (Cadence Design Systems Former CTO)
Board observer: Bruce Dunlevie (Benchmark)
Company

Business description: Coverity is a software engineering company focused on developing a better way to build software. While hardware design has always been considered a difficult task that merits significant investments in automation and verification, the notion that building software is just as difficult has only recently gained credibility in the marketplace. Coverity was founded to meet that insight with a solution: analyze source code with sophisticated, automatic tools that allow software developers to identify defects that could cause catastrophic failures or security breaches without imposing any additional burden on the development cycle. Coverity’s fundamental technology was developed in the Computer Systems Laboratory at Stanford University. The Stanford research team produced the first bug finding system that was capable of detecting thousands of critical defects in open source projects such as Linux and FreeBSD. After consulting the kernel implementers to validate the results of the early research, the Stanford system, then known as the MC Checker, was instantly distinguished in the research community as the most effective source code analysis system ever built.
Customers include: Analog DevicesApacheBMC SoftwareBrocade Communications SystemsCheck Point Software TechnologiesCienaCisco SystemsEMCESRIExtreme NetworksF5 NetworksFalconStor SoftwareHPIntelIntotoJuniper NetworksMarconiMcAfeeMcDataMendocino SoftwareMentor GraphicsMozillaMySQLNASANeoPath NetworksNetAppNevis NetworksNovell NuCORE TechnologyOraclePanasasPGPPivot3Riverstone NetworksSchneider Electric ShoreTelSymbianSynopsysTellabsTeradataTrend MicroUnwired PlanetVeritas TechnologiesYahoo!;  APC;  AudioCodes;  Avici Systems;  Aviva UK ;  Cambridge Consultants ;  CCH;  Cipher;  DataDomain;  Denso;  EntepriseDB;  Excel;  Fujitsu Network Communications ;  Intergraph ;  Jet Propulsion Laboratory;  Lawrence Livermore National Laboratories;  NNG ;  Nominet.uk;  Procom Technology;  Revivio;  RSA;  Xanavi Informatics
Partners include: Electric CloudIBMSchneider ElectricSleepycat SoftwareSun MicrosystemsSymbianWind River Systems;  Cigital ;  Headway Software;  PCTest;  Scientific Computers;  Sodima;  Spectrum Systems;  The EnterpriseDB
Capital

Rounds: 1
Recent fundings: Feb 2008
Capital raised: 22.0M
Last Round: 22.0M
Ownership: Acquired by Synopsys (2014 $ 375,000,000 )
VCs include: BenchmarkFoundation Capital

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Overview
Record updated: Jan 2017
Sector: Software
Year Founded: 2002
Rounds: 1
Recent fundings: Feb 2008
Capital raised: 22.0M
Last Round: 22.0M
Ownership: Acquired by Synopsys (2014 $ 375,000,000 )