Latest investment to combat the memory safety crisis, fueling
cybersecurity leaders' mission to protect critical infrastructure
and safety critical systems.
MCLEAN,
Va., Sept. 17, 2024 /PRNewswire/ -- RunSafe
Security, the pioneer of a patented process to immunize software
from cyberattacks without developer friction, announced the
successful completion of a $12
million Series B financing round. This investment round, which
includes participation from new and existing investors, will
accelerate new product development and market expansion to EMEA and
APAC.
The investment round led by Critical Ventures and SineWave
Venture Partners also includes BMW i Ventures, Working Lab Capital,
Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures,
Alsop Louie Partners, and NextGen Venture Partners.
"This investment round will enable us to accelerate the rollout
of our innovative solution to prevent attacks targeting both known
and unknown vulnerabilities across critical infrastructure even
when a patch is not available and without the need to rewrite a
single line of code," said RunSafe CEO, Joe
Saunders.
This raise comes at a crucial time, as the US Government
promotes guidance to reduce attack surface in critical
infrastructure and the European Union Cyber Resilience Act mandates
stringent cybersecurity measures, such as generating a software
bill of materials (SBOM) when delivering software products. The
partnerships forged will accelerate its expansion around the world,
enhancing safety and security while bringing cyber resilience to
critical infrastructure.
"RunSafe Security is leading the charge to protect our critical
systems from global threats that are infiltrating our
infrastructure through devastating memory-based vulnerabilities in
software," said Critical Ventures' Managing Partner, Heitor Benfeito. "The company's unique approach
to immunizing software fast-tracks protection now, so focus can be
on developers building new features. We are thrilled to be part of
this journey and supporting the mission to make critical
infrastructure resilient."
Kasper Sage, Managing Partner at
BMW i Ventures, stated, "Memory attacks pose an increasing threat
to embedded systems within connected devices. RunSafe Security's
cybersecurity technology immunizes memory-based systems from
unknown vulnerabilities and future attacks. BMW i Ventures is
committed to advancing safety and security measures across the
automotive supply chain and beyond and is excited to partner with
Joe and the RunSafe team to support their mission."
RunSafe has experienced remarkable growth recently, with
back-to-back years of tripling annualized revenue. This success can
be attributed to RunSafe's innovative solutions that address the
growing demand for the Cybersecurity & Infrastructure Security
Agency (CISA's) Secure-by-design strategies across various
sectors.
"RunSafe's products have been adopted by industry leaders such
as Vertiv, Lockheed Martin, and the U.S. military, including the
Army, Navy, and Air Force," added Saunders. "With the expansion of
the RunSafe Security Platform, we solidified our position as
cybersecurity crusaders, offering automated solutions for
identifying risk, protecting code, and monitoring software for
embedded software deployed throughout critical infrastructure."
For more information about RunSafe's innovative solutions and
strategic partnerships, please visit
https://runsafesecurity.com.
About RunSafe Security
RunSafe Security immunizes
software from cyberattacks without developer friction, disrupting
hacker economics. Our security techniques inoculate customer
systems from an entire class of cyberattacks. Our customers
integrate our product across build tools chains without developer
friction, protecting open-source software and proprietary native
code without changing system behavior nor affecting system
overhead. Headquartered in McLean,
Virginia, with offices in Huntsville, Alabama and Munich, Germany, RunSafe Security's customers
span the aerospace & defense, energy & industrial
automation, transportation & autonomy, medical devices, and
high tech verticals. Learn more at:
https://runsafesecurity.com/.
Media Contact:
RunSafe Security
Staci Cretu, SVP & CMO
Staci@RunSafeSecurity.com
https://runsafesecurity.com
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SOURCE RunSafe Security