[4][5] Veracode was founded by Chris Wysopal and Christien Rioux, former engineers from @stake, a Cambridge, Massachusetts-based security consulting firm known for employing former “white hat” hackers from L0pht Heavy Industries.

[11][12] In a funding round announced in September 2014, the firm raised US$40,000,000 in a late-stage investment led by Wellington Management Company with participation from existing investors.

[13][14] This annual report also found that "four out of five applications written in popular web scripting languages contain at least one of the critical risks in an industry-standard security benchmark.

[19] On the same day, Thoma Bravo, a private equity firm headquartered in San Francisco, California, announced that it had agreed to acquire Veracode from Broadcom for $950 million cash.

[22] Veracode’s 2020 annual cybersecurity report found that half of application security flaws remain open 6 months after discovery.

Veracode applies a mixed channel model, using local resellers to reach customers but also doing business direct with enterprise size global accounts.