Binarly, a Los Angeles startup with big goals in the firmware and software supply chain arena, has raised USD 10.5 million in venture finance, led by Two Bear finance.
The company stated that the oversubscribed seed-stage investment includes equity holdings for Cisco Investments, Blu Ventures, Canaan Partners, and Liquid 2 Ventures. Pre-seed investors Westwave Capital and Acrobator Ventures also took part. Binarly’s AI-powered technology helps security teams identify and address security issues in the firmware and software supply chain.
The business claims that its flagship Binarly Transparency Platform can automate the detection of known and unknown vulnerabilities, as well as detect evidence of malicious code implantation.
Read More: Binarly Attracts $10.5M to Tackle Software Supply Chain Security
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