Binarly, a Los Angeles, California-based cybersecurity company building technology to address repeatable security failures in the firmware supply chain., announced that it raised $3.6 million in a seed funding.
The round was led by Westwave Capital and Acrobator Ventures. Several prominent cybersecurity leaders, including Michael Sutton, Thomas 'Halvar Flake' Dulien, Bryson Bort, Pedram Amini, and David Mandel from Emerging Ventures also joined as investors.
Binarly plans to use the investment to speed up research and development initiatives, expand its world-class engineering team, and scale enterprise and device manufacturer adoption of its technologies.
Company: Binarly Inc.
Round: Seed Round
Funding Month: June 2022
Lead Investors: Westwave Capital and Acrobator Ventures
Additional Investors: Michael Sutton, Thomas 'Halvar Flake' Dulien, Bryson Bort, Pedram Amini, and David Mandel
Company Website: https://www.binarly.io/
Software Category: AI-powered Firmware Protection
About the Company: Co-founded in 2021 by security pioneers Alex Matrosov and Claudiu Teodorescu, Binarly is a cybersecurity company that built an advanced platform to help device manufacturers, cloud security providers, and enterprises find and fix security problems in the firmware supply chain. Binarly’s agentless, enterprise-class AI-powered firmware security platform helps protect from advanced threats below the operating system. The company’s technology is currently being used by security teams to identify vulnerabilities and spot signs of malicious firmware modifications. The platform is also being used to gain firmware SBOM visibility without access to the source code. Binarly has built a SaaS platform for analyzing, understanding, and responding to silent, currently undetectable security threats at the firmware layer.