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COMPANY PROFILE

NowSecure

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Mobile security platform for mobile devices, mobile applications and end users

Chicago, United StatesFounded 2009Cybersecurity
Valuation $0–100M Latest valuation · 2019
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for NowSecure and the history behind them.

About NowSecure

NowSecure provides a mobile application security platform designed to assist organizations in safeguarding their data and brand reputation. The company was founded in 2009 by Andrew Hoog and Chee-Young Kim. Initially named Chicago Electronic Discovery and later viaForensics, the company rebranded to NowSecure in 2014 to reflect a shift in focus from pure forensics to broader mobile security. Hoog's journey into this field began during his time as a CIO, where a hands-on internal investigation sparked a passion for mobile forensics. This led him to dedicate himself to the venture full-time, while Kim initially managed business development in her spare time before joining full-time as the company became profitable. Hoog is a developer and cybersecurity expert with over a decade of experience, has authored two books on mobile security, and holds three related patents.

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The firm's core business revolves around offering automated security testing integrated into the development lifecycle (DevSecOps), enabling clients to identify and remediate security vulnerabilities, compliance gaps, and privacy issues in their mobile applications. The business model is primarily subscription-based, with customers paying recurring fees for access to the cloud-based platform and its various service tiers. NowSecure serves enterprises and government agencies, including major banks and federal agencies, helping them manage mobile risk and accelerate application release times. Clients have reported releasing apps 30% faster while reducing both delivery costs and security risks.

The NowSecure platform delivers a comprehensive suite of solutions, including continuous static, dynamic, behavioral, and interactive security testing on real Android and iOS devices. Key offerings include Mobile Pen Testing as a Service (PTaaS), mobile supply chain monitoring, and the introduction of a Dynamic SBOM (Software Bill of Materials) for mobile apps. This technology provides detailed remediation instructions with a low rate of false positives, which increases development productivity. The company also contributes to the open-source community, sponsoring tools like Frida and Radare, and supports industry standards such as OWASP MASVS.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2009
Headquarters
Chicago, United States
Employees
102
Open positions
1
Dealroom signal
63.2/100
Industry
Security
Sub-industry
Device security & Antivirus
Sector
Testing, Penetration Testing, Risk Management, Cybersecurity
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning NowSecure.

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Jun 2022 CIBC Innovation Banking
SERIES BEquity / VC Jul 2019 $15M $60M ForgePoint Capital
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

NowSecure website traffic

Latest recorded traffic for NowSecure is 72K monthly website visits, down 1.4% over the last three months. NowSecure's team declined 3.8% over the past year.

Latest monthly visits72K 3-month web change-1.4% 1-year team growth-3.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Jump Capital

Series A4 investors entered at this stage

  • Robert W. Baird & Co.
  • MATH Venture Partners
  • Baird Capital
  • ForgePoint Capital

Series B and later1 investor entered at this stage

  • CIBC Innovation Banking

Other known investors1 additional known investor

Team profiled 31 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇺🇸 United States89.5%
🇬🇧 United Kingdom6.6%
🇪🇸 Spain1.3%
🇳🇴 Norway1.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about NowSecure on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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