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Pixee Raises $15M to Automate Code Security to Meet the Velocity of GenAI-Enabled Developers

Pixee Raises $15M to Automate Code Security to Meet the Velocity of GenAI-Enabled Developers

Business Wire22-05-2025
BALTIMORE--(BUSINESS WIRE)-- Pixee, the creator of innovative solutions that empower security teams to match the productivity of AI-powered development, announced today that it has raised $15M in seed funding. The round was led by Decibel and Wing VC, with participation from TEDCO, PrimeSet and strategic investors, including early GitHub engineer Zach Holman, HackerOne Founder and CTO Alex Rice, Oracle SVP of Cloud Operations Brian Chess, and more.
The new capital will accelerate Pixee's product development and expansion of the go-to-market team, enabling the company to scale adoption among enterprises and capture the growing demand for its AI-powered solution.
Early enterprise customers have seen substantial benefits from adopting Pixee, including recapturing 91% of developer remediation time and cutting security triage time by 74%. Automated code fixes achieve an impressive 76% merge rate.
Pixee is the first enterprise-grade tool that uses agentic AI for context and logic alongside deterministic techniques, delivering both intelligent vulnerability triage and accurate, trusted fixes. It integrates directly into developer workflows, including GitHub, GitLab, Bitbucket, and Azure DevOps, creating pull requests with ready-to-accept code. Purpose-built for security-conscious enterprises, the on-premises deployment option keeps customers' sensitive data, intellectual property, and source code fully under the customer's control. This eliminates the risk of data leaks or exposure to unregulated AI tools, ensuring strong trust, security, and protection.
'Developers are more prolific today than ever before, especially those leveraging the latest genAI tools like Cursor, Claude Code & GitHub Co-pilot,' said Surag Patel, co-founder and CEO of Pixee. 'It's time application security teams are empowered with a platform that enables them to 10X their team and keep pace with their counterparts. By focusing on capabilities like automated, production-ready code fixes directly into developer workflows and automating expert automated triage for security, enterprises can now ship secure code at unprecedented velocity. Teams can trust that any vulnerabilities within code are being resolved faster than new ones can be introduced.'
IDC projects that by 2027, 70% of corrective code fixes for application security issues will be generated by AI-assisted automated remediation tools, reducing the time to patch vulnerabilities to just days. The report also found that developers estimate spending 19% of their weekly hours on security-related tasks, often outside normal working hours. The average organization spends a whopping $28,100 per developer each year in security-related tasks.
'It's time Application Security teams have their 'Cursor' equivalent platform. Pixee is the first platform we've seen that truly changes the equation in security programs and enables them to keep up with the pace of developers. By natively weaving into the developer workflow and automating work that previously was a tax on developers and security teams, security gets done automatically. Instead of the same story of understaffed product security teams, we finally have a path to the enterprise dream,' said Dan Nguyen-Huu, Partner at Decibel.
'At the heart of Pixee is a powerful insight: genAI-fueled developer productivity and security can coexist without friction. By automating the complex tasks of resolving issues from product security scanners, Pixee allows developers and security teams to reclaim valuable time, driving innovation and delivering higher quality software, faster,' added Jake Flomenberg, Partner at Wing.
Pixee was founded by industry veterans with decades of experience in security and developer enablement. Co-founder and CEO Surag Patel was the Chief Strategy Officer at Contrast Security, and held leadership roles at 41st Parameter (acquired by Experian), comScore, and InMobi. Co-founder and CTO Arshan Dabirsiaghi co-founded cybersecurity unicorn Contrast Security and is recognized as one of the world's most prominent application security experts. Together, they are building Pixee to redefine how security is managed in the development process.
About Pixee, Inc.
Pixee is the first enterprise-grade platform that automates the last mile of application security, from alerts to resolution. The company's technology integrates directly into developer workflows, using a combination of agentic AI and deterministic techniques to deliver trusted, automatic code fixes with an 87% merge rate. Founded by security industry veterans Surag Patel and Arshan Dabirsiaghi, Pixee is backed by Decibel, Wing VC, and strategic investors including early GitHub engineer Zach Holman and HackerOne Founder Alex Rice. For more information, visit pixee.ai.
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Luigi de Vecchi to Join Evercore's European Advisory Practice as Firm Continues to Build in Europe
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Luigi de Vecchi to Join Evercore's European Advisory Practice as Firm Continues to Build in Europe

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Luigi de Vecchi to Join Evercore's European Advisory Practice
Luigi de Vecchi to Join Evercore's European Advisory Practice

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timean hour ago

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Luigi de Vecchi to Join Evercore's European Advisory Practice

LONDON--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Luigi de Vecchi will be joining the firm in September 2025 as senior managing director and chairman of its continental European advisory business. He will be based in Milan, Italy, where Evercore is in the process of opening an office. Mr. de Vecchi brings over 35 years of investment banking experience to Evercore and has advised on some of Europe and Italy's largest and most high-profile transactions. At Evercore, he will spearhead the buildout of the firm's presence in Italy, and Europe more broadly. He will work in close partnership with Evercore's existing team in Paris, focusing on the firm's large European and global strategic clients. "I am delighted to join Evercore and collaborate with such a talented group of like-minded, exceptional professionals. I am eager to contribute to the firm's ambitious growth plans in Europe and beyond," said Mr. de Vecchi. Matthew Lindsey-Clark, co-head of Evercore's EMEA investment banking business, said, 'Luigi brings a wealth of experience and senior strategic relationships that complement Evercore's already strong presence across Europe as well as the firm's expansion plans going forward.' Mr. de Vecchi joins Evercore from Citigroup, where he was chairman of continental Europe for corporate and investment banking. Prior to joining Citi in 2012, he was global co-head of investment banking at Credit Suisse, and previously worked at Goldman Sachs and Kleinwort Benson. Mr. de Vecchi received his MA in Business Studies and Economics from the L.U.I.S.S. University in Rome, where he is currently a finance professor and member of the advisory board. He is chairman of Fondazione Sylva, a charity focused on reforestation, and a member of the advisory board of both Save the Children Italia and Fondazione Nuovo Millennio. About Evercore Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit

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