TLDR:
- Binarly, an LA-based startup focusing on firmware and software supply chain security, raises $10.5m in venture capital funding
- The investment round was led by Two Bear Capital and included high-profile investors like Cisco Investments and Blu Ventures
Article Summary:
Binarly, a startup founded by former NVIDIA researcher Alex Matrosov, has secured $10.5m in funding to bolster its software supply chain security efforts. The investment round, led by Two Bear Capital and joined by investors such as Cisco Investments and Blu Ventures, aims to support the company’s flagship offering – the Binarly Transparency Platform. This AI-powered solution helps security teams detect and mitigate vulnerabilities in firmware and software supply chains, including identifying potential malicious code implementations.
The recent funding injection will further Binarly’s mission to secure software supply chains globally, by addressing vulnerabilities in the open-source code ecosystem. The technology provided by Binarly is already being utilized by enterprise customers to proactively screen for and manage software vulnerabilities, detect bugs early in the code generation process, and offer validated remediation playbooks to respond to security incidents effectively.
The company’s founder, Alex Matrosov, emphasized the critical importance of the platform’s comprehensive visibility and actionable intelligence in the evolving threat landscape of software supply chains. With previous support from investors in pre-seed funding rounds, Binarly is poised to continue advancing its technology and contributing to the security of software ecosystems worldwide.
