Eclypsium, a Portland, Ore.-based cloud-based platform that provides digital supply chain security for critical hardware, firmware, and software, announced that it raised $25 million in Series B financing, bringing Eclypsium's total funding to $50 million.
The round was led by Ten Eleven Ventures, with participation from Global Brain's KDDI Open Innovation Fund (KOIF) and J-Ventures.
Andreessen Horowitz and Madrona Venture Group, and existing investors like Alumni Ventures, AV8 Ventures, Intel Capital, Mindset Ventures, Oregon Venture Fund (OVF), Translink Capital, and Ubiquity Ventures also participated in the round.
Eclypsium will use the Series B capital to expand its product capabilities to help its enterprise and public sector customers secure and ensure the integrity of hardware, firmware, and the software supply chain. It will also use to accelerate enterprise and federal sales momentum further and continue to foster its leadership in supply chain security research.
"The complexity and dependency on global supply chains of critical hardware and software has created an attractive and rapidly growing playing field for threat actors, whose goal is to achieve maximum detrimental impact, across as many organizations at once. As such, we are seeing a shift in focus as organizations evaluate their defense approaches and move towards the zero trust principle in protecting their devices and supply chains," said Yuriy Bulygin, CEO and Co-Founder of Eclypsium. "We look forward to partnering with our new investors as we continue to educate and equip organizations with the knowledge and tools to defend their device fleets and supply chains. This investment will further expand our footprint as the leading provider of a comprehensive platform securing critical hardware, firmware and software in organizations' supply chains."
Eclypsium also announced the addition of Alex Doll to its Board of Directors.
Company: Eclypsium, Inc.
Raised: $25.0M
Round: Series B
Funding Month: October 2022
Lead Investors: Ten Eleven Ventures
Additional Investors: Global Brain's KDDI Open Innovation Fund (KOIF) and J-Ventures
Company Website: https://eclypsium.com/
Software Category: Supply Chain Security
About the Company: Eclypsium is a cloud-based platform that provides digital supply chain security for critical hardware, firmware, and software. Eclypsium protects devices and supply chains by identifying, verifying, and fortifying firmware code throughout the enterprise. It defends enterprises and government agencies from the deep implants and exploits that have become the vector of choice for modern adversaries. Eclypsium is headquartered in Portland, Oregon, with a mission to protect organizations from the threats that subvert traditional security measures.
Source: https://eclypsium.com/2022/10/04/eclypsium-raises-series-b-to-protect-the-digital-supply-chain-as-attacks-grow/