CISO Tribune

Vendor comparison · 2 companies

Trail of Bits vs Veracode

Trail of Bits sells security reviews and engineering services across application security, cryptography, blockchain, AI/ML, low-level systems, and software supply chain. Veracode sells an Application Risk Management Platform that identifies risks across the software development lifecycle, automates flaw fixes, and simplifies governance and compliance. CISO Tribune files both under Static application security testing and Software supply chain security. This page sets the two records side by side: what each sells, where it is based, who owns and funds it, the customers it names and its recent news, each fact numbered to its source.

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Up to four companies side by side.

  • Trail of Bits
  • Veracode
Trail of Bits vs Veracode: Products, Customers and Funding Compared
Trail of BitsTrail of Bits sells security reviews and engineering services across application security, cryptography, blockchain, AI/ML, low-level systems, and software supply chain.trailofbits.comVeracodeVeracode sells an Application Risk Management Platform that identifies risks across the software development lifecycle, automates flaw fixes, and simplifies governance and compliance.veracode.com
What it sells
  • Application Security[1][2][3]Code, cloud, and architecture review that finds the root cause and the fix for the whole bug class.
  • Blockchain[1][2][3]Review of every layer of a blockchain system, from smart contracts to nodes and bridges.
  • Cryptography[1][2][3]PhD-level cryptographers build and break real protocols.
  • Veracode Dynamic Analysis[13]Dynamic scanning for runtime vulnerabilities in web apps and APIs.
  • Veracode Fix[15]AI-powered remediation for in-house code and open-source libraries.
  • eLearning[4][11]Hands-on training to build secure coding skills.
Categories
Headquarters
Not stated on its pagesNot stated on its pages
Founded
Not stated on its pagesNot stated on its pages
Ownership and funding
Not stated on its pagesOwned by Thoma Bravo since 2019[2][4][10][14]
Named customers
Not stated on its pagesNot stated on its pages
Recent news
Not stated on its pages
  • February 5, 2026Veracode announced that its new Annual Contract Value rose 81 percent year over year in the final quarter of 2025.[9]
G2 and Gartner Peer Insights
  • G2: Not stated on its pages
  • Gartner Peer Insights: Not stated on its pages
  • G2: listed, seen November 4, 2026[10]
  • Gartner Peer Insights: Not stated on its pages
Who it fits
Trail of Bits describes review work for blockchain systems, covering smart contracts, nodes, and bridges. Trail of Bits describes security work on AI systems, from training data to deployed agent loops. Trail of Bits describes advising on the security challenges that come with advancing health research infrastructure.The company says its platform gives enterprises a clearer view of application risk from code to runtime. The company addresses financial institutions on GLBA compliance. The company addresses healthcare regulations like HIPAA and GDPR. The company addresses developers who want remediation guidance and AI-driven fixes inside the tools they already use.
Last verified
October 19, 2026September 27, 2026

Where they overlap

  • Trail of Bits and Veracode are both filed under Static application security testing and Software supply chain security.

Where they differ, field by field

  • Trail of Bits's primary category is Security consulting and advisory; Veracode's is Static application security testing.
  • Trail of Bits is also filed under AI model and agent security. Veracode is also filed under Dynamic application security testing and Software composition analysis.
  • Trail of Bits lists Application Security, Blockchain and Cryptography. Veracode lists Veracode Dynamic Analysis, Veracode Fix and eLearning.
  • Veracode is owned by Thoma Bravo, since 2019.

What it sells: Trail of Bits

What Blockchain does[1][2][3]
Trail of Bits reviews every layer of a blockchain system, from smart contracts to nodes and bridges, backed by Slither, Echidna, and Medusa. Trail of Bits maintains Slither, Echidna, and Manticore alongside the Building Secure Contracts guide.
What Cryptography does[1][2][3]
Trail of Bits employs PhD-level cryptographers who build and break real protocols, from zero-knowledge proofs and MPC to post-quantum migrations. Trail of Bits pulls cryptographers, compiler people, and systems engineers onto the same review.

What it sells: Veracode

What Veracode Dynamic Analysis does[13]
Dynamic application security testing identifies and addresses runtime vulnerabilities in web apps and APIs through simulated attacks. Dynamic scans can be automated or scheduled to match release frequency, compliance, and policy needs. Dynamic scans can cover hundreds of assets across environments, including those behind a firewall.
What Veracode Fix does[15]
Veracode Fix brings AI-powered remediation to the code written in-house and the open-source libraries it depends on. Veracode Fix integrates into the IDE, CLI, or CI/CD tool, with interactive and batch modes.

Questions about Trail of Bits and Veracode

What do Trail of Bits and Veracode sell?
Trail of Bits sells Application Security, Blockchain and Cryptography. Veracode sells Veracode Dynamic Analysis, Veracode Fix and eLearning.
Are Trail of Bits and Veracode in the same category?
They share Static application security testing and Software supply chain security. Trail of Bits's primary category is Security consulting and advisory and Veracode's is Static application security testing.
Who owns Trail of Bits and Veracode?
Veracode is owned by Thoma Bravo, since 2019.
Who are Trail of Bits and Veracode sold to?
Trail of Bits describes review work for blockchain systems, covering smart contracts, nodes, and bridges. The company says its platform gives enterprises a clearer view of application risk from code to runtime.
What have Trail of Bits and Veracode announced recently?
February 5, 2026: Veracode announced that its new Annual Contract Value rose 81 percent year over year in the final quarter of 2025.

About Trail of Bits

Trail of Bits sells security reviews and engineering services across application security, cryptography, blockchain, AI/ML, low-level systems, and software supply chain. Trail of Bits staffs its multi-disciplinary security reviews across the whole SDLC with a team sized to the client's threat model rather than a fixed template.[1]

Trail of Bits reviews AI systems end to end, from training data and MLOps pipelines to model artifacts, inference hardware, and deployed agent loops. For blockchain systems, Trail of Bits reviews every layer, from smart contracts to nodes and bridges, backed by Slither, Echidna, and Medusa.

Trail of Bits employs PhD-level cryptographers who build and break real protocols, from zero-knowledge proofs and MPC to post-quantum migrations. Trail of Bits offers security engineering as an embedded team that builds custom security tooling and remediates vulnerabilities across the client's pipeline, from development through deployment. Trail of Bits runs multi-year research that uncovers Internet-scale vulnerabilities and turns the findings into open-source tools, papers, and standards.[1]

On an engagement, Trail of Bits scopes the work, reviews the code, explains every finding in context, and comes back to verify the fixes. Trail of Bits does not forward tool output, and a person reproduces and explains each issue, with the root cause and the path to a fix. Trail of Bits publishes most of its reports in the open at github.com/trailofbits/publications. Trail of Bits engagements ship custom CI guardrails, including Semgrep and CodeQL rules and fuzzers, so the same class of bug is caught automatically next time. Trail of Bits pulls cryptographers, compiler people, and systems engineers onto the same review.

Trail of Bits maintains more than 100 open-source projects, among them Slither, Echidna, Manticore, and the Building Secure Contracts guide. iVerify and Algo VPN started as Trail of Bits projects. Trail of Bits open-sourced Manticore, a symbolic execution framework used in DARPA research. Trail of Bits launched iVerify and co-founded the osquery Foundation with the Linux Foundation. Trail of Bits ported osquery to Windows for Facebook and helped move the project under the Linux Foundation.

Trail of Bits publishes training and reference material for developers. The Ruby Security Field Guide is hands-on training material covering vulnerabilities in Ruby and Rails applications, with exercises in both exploit development and defensive programming. Trail of Bits publishes guides for configuring and automating static and dynamic analysis tools. Trail of Bits also publishes a guide on securing the Model Context Protocol, covering the mcp-context-protector wrapper.[4]

Trail of Bits evaluated how far a frontier large language model could go in offensive security tasks for the UK's Frontier AI Taskforce. Trail of Bits works with ARPA-H on the security challenges that come with advancing health research infrastructure. Trail of Bits competed to build autonomous vulnerability discovery systems as part of DARPA's Cyber Grand Challenge. Trail of Bits files public comments on US government requests for information, from secure-by-design to open-source software security. Trail of Bits published a security review of Offchain Labs (Mar 2025) that identified 1 issue, rated low.[1][5]

Trail of Bits on the record

Sources

Trail of Bits full record

  1. [1]trailofbits.comTrail of Bits · trailofbits.com · undated page, accessed October 19, 2026 · Tier A
  2. [2]About · Trail of BitsTrail of Bits · undated page, accessed November 10, 2026 · Tier A
  3. [3]Services · Trail of BitsTrail of Bits · undated page, accessed November 10, 2026 · Tier A
  4. [4]Ruby Security Field Guide — Guide · Trail of BitsTrail of Bits · undated page, accessed November 10, 2026 · Tier A
  5. [5]Offchain Security Council Rotation · Trail of BitsTrail of Bits · undated page, accessed November 10, 2026 · Tier A

Veracode full record

  1. [1]PlatformVeracode · veracode.com · undated page, accessed September 27, 2026 · Tier A
  2. [2]Thoma bravo completes acquisition of veracode softwareThoma Bravo · thomabravo.com · published January 2, 2019 · Tier A
  3. [3]Veracode | Application Risk Management PlatformVeracode · undated page, accessed October 30, 2026 · Tier A
  4. [4]Application Risk Management: Secure Your SoftwareVeracode · undated page, accessed October 30, 2026 · Tier A
  5. [5]Static Application Security Testing (SAST) with VeracodeVeracode · undated page, accessed October 30, 2026 · Tier A
  6. [6]Code Confidently with Veracode Package FirewallVeracode · undated page, accessed October 30, 2026 · Tier A
  7. [7]Container Security | VeracodeVeracode · undated page, accessed October 30, 2026 · Tier A
  8. [8]Scan containers, IaC, and secrets | Veracode DocsVeracode Docs · undated page, accessed October 30, 2026 · Tier A
  9. [9]Veracode Closes Record Year of Growth and Innovation Amid Surging Demand for Application Risk ManagementBusiness Wire · published February 5, 2026 · Tier A
  10. [10]Veracode Application Security Platform Reviews & Product DetailsG2 · undated page, accessed October 30, 2026 · Tier C
  11. [11]Veracode | Application Risk Management SolutionsVeracode · undated page, accessed November 4, 2026 · Tier A
  12. [12]Chief Risk Officer (CRO) | Application Risk Management | VeracodeVeracode · undated page, accessed November 4, 2026 · Tier A
  13. [13]Dynamic Application Security Testing (DAST) with VeracodeVeracode · undated page, accessed November 4, 2026 · Tier A
  14. [14]Application Security for Healthcare | VeracodeVeracode · undated page, accessed November 4, 2026 · Tier A
  15. [15]AI Code Remediation | Fix Application Vulnerabilities with VeracodeVeracode · undated page, accessed November 4, 2026 · Tier A
  16. [16]Application Security for the Energy Sector | VeracodeVeracode · undated page, accessed November 4, 2026 · Tier A
  17. [17]GLBA Financial Security Compliance | VeracodeVeracode · undated page, accessed November 4, 2026 · Tier A

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