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NowSecure
Mobile security platform for mobile devices, mobile applications and end users
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.
Latest news
Press, funding announcements and product moves mentioning NowSecure.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Jun 2022 | — | — | CIBC Innovation Banking | ↗ |
| SERIES B✓Equity / VC | Jul 2019 | $15M | $60M | ForgePoint Capital | — |
Growth signals
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.
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Investors
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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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