- LA-based startup Binarly secures $10.5m in venture capital funding led by Two Bear Capital, with participation from Cisco Investments, Blu Ventures, Canaan Partners, and Liquid 2 Ventures, among others.
- Binarly is focused on firmware and software supply chain security, offering an AI-powered solution, the Binarly Transparency Platform, to automate the detection of both known and unknown vulnerabilities and potentially malicious code implementations.
- Founded by former NVIDIA researcher Alex Matrosov, Binarly has gained recognition for discovering and rectifying significant software flaws and aims to use the recent funding to further its mission of securing software supply chains worldwide.
Binarly, an LA-based startup with a focus on firmware and software supply chain security, has secured $10.5m in venture capital funding.
Binarly renowned itself within the vulnerability research field
Binarly’s core business is pioneering the development of an AI-driven solution designed to help security teams effectively identify and mitigate the range of security issues that plague the firmware and software supply chain. The company’s flagship product, the Binarly Transparency Platform, is designed to automatically detect known and unknown vulnerabilities and identify potentially malicious code implementations.
Founded by Alex Matrosov, a former NVIDIA researcher, Binarly has quickly made a name for itself within the vulnerability research field. The company has been instrumental in discovering and rectifying numerous significant software flaws, including the high-profile LogoFAIL problem that left billions of devices across the globe vulnerable.
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Binarly will dive into securing software supply chains
The recent funding injection is set to further Binarly’s mission to secure software supply chains worldwide, addressing the critical need to safeguard against vulnerabilities in the open-source code ecosystem. The company’s technology is already being leveraged by enterprise customers to proactively screen for and manage software vulnerabilities, map out transitive dependencies, and identify firmware implants among other malicious threats. Additionally, Binarly’s solutions are aiding device manufacturers, OEMs, and IBVs in detecting bugs and configuration errors early in the code generation process, thus significantly reducing the risk of exposure to serious security breaches. To complement these efforts, Binarly also offers validated remediation playbooks, aimed at minimizing the costs and time associated with responding to security incidents.
“In light of the increasing complexity of software supply chains and the evolving threat landscape, our platform’s ability to offer comprehensive visibility and actionable intelligence is more critical than ever,” Binarly founder and former NVIDIA researcher Alex Matrosov said, highlighting the importance of the investment for the company’s strategic direction.
