Corellium Inc., a Boynton Beach, Florida-based provider of ARM device virtualization solutions, raised $25 million in Series A funding.
The round was led by Paladin Capital Group, with participation from the venture capital arm of Cisco Systems Inc. and several other investors.
This equity-only round will be used to accelerate Corellium growth, support partnership initiatives, and expand its platform to deliver a wider variety of virtual IoT devices.
Company: Corellium Inc.
Raised: $25.0M
Round: Series A
Funding Month: December 2021
Lead Investors: Paladin Capital Group
Additional Investors: Cisco Systems Inc
Company Website: https://www.corellium.com/
Software Category: ARM device virtualization
About the Company: Corellium is the only platform offering ARM-based mobile device virtualization using a custom-built hypervisor for real-world accuracy and high performance. Enterprises and researchers use Corellium to automate and scale mobile app security testing and perform advanced security research in the cloud. Corellium helps developers and security teams build, test, and secure mobile and IoT apps, firmware, and hardware through the power of virtualization. Its Arm-native cloud platform is used by businesses, agencies, and security communities around the world to streamline DevSecOps processes and accelerate time to market. With highly performant, scalable, and accurate device models, Corellium dramatically accelerates R&D and enables never-before-possible security research and testing.
Source: https://www.corellium.com/blog/series-a