Binarly Raises $10.5M Seed Funding to Enhance Firmware and Software Supply Chain Security
Binarly aims to bridge a critical gap in the cybersecurity domain, focusing on verifiability and inspectability across the software and firmware supply chains.
Company Name: Binarly
Location: Los Angeles, CA
Sector: Cybersecurity
Funding Details: Raised $10.5M in Seed funding from Two Bear Capital, Blu Ventures, Canaan Partners, Cisco Investments, and Liquid 2 Ventures. Pre-seed backers Westwave Capital and Acrobator Ventures increased their investments.
Purpose of Investment: To grow the engineering team and enhance the adoption of its security technologies by enterprises and device manufacturers.
Leadership: Founded by Alex Matrosov, who serves as CEO.
Product: Binarly offers an AI-powered firmware and software supply chain security platform, the Binarly Transparency Platform. It enables device manufacturers, OEMs, IBVs, and product security teams to detect both known and unknown vulnerabilities, configurations issues, and potential malicious code insertions, facilitating prompt and effective remediation.
About Company: Binarly aims to bridge a critical gap in the cybersecurity domain, focusing on verifiability and inspectability across the software and firmware supply chains. Their solution stands out by offering comprehensive insights into vulnerabilities and threats, streamlining the process of securing devices from production through their lifecycle.