Not surprisingly, companies are willing to pay Coverity for saving them from such fates.
Software upstarts Agitar and Coverity are tackling a problem that's just as pervasive as security flaws: buggy code.
In part due to the nature of static analysis, about 15% of the bugs Coverity finds are false positive.
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Coverity says it finds on average 1 defect per thousand lines of code.
FORBES: Google's Android Operating System Is Surprisingly Bug-Free
If market conditions are right, Coverity could go public in the not-too-distant future.
And Coverity does not expect it will need to raise additional funds because its customers are renewing ever bigger contracts.
Coverity uses static code analysis, an automated process that reads the code and tries to understand it rather than executing it and watching it run.
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If Coverity can continue to deliver customers a return on their investment in its software, it should continue to grow faster than the industry it leads.
Coverity's founders, four graduate students from Stanford University and their professor, recently grammar-checked the entire Linux 2.6.9 kernel operating system and found a respectably low 950 bugs in 5.5 million lines.
To the rescue come a handful of smart young companies such as Fortify Software, Agitar and Coverity that promise to clean up and strengthen code before it goes out the door.
As it opens new offices in Paris and New YorkCity, Coverity is looking for bright people who believe in its mission of improving software and who can present well to customers.
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