Eclypsium, a firm that develops hardware and software security solutions, disclosed on Tuesday that it had raised USD25 million in a Series B funding round, bringing the total amount invested in the company to USD50 million.
In addition to Madrona Venture Group, Intel Capital, Mindset Ventures, Oregon Venture Fund (OVF), Translink Capital, and Ubiquity Ventures, Ten Eleven Ventures led the funding round. Other investors included Global Brain’s KDDI Open Innovation Fund (KOIF), J-Ventures, Andreessen Horowitz, Alumni Ventures, AV8 Ventures, and Mindset Ventures.
The company stated that it will use the additional funding to increase the capabilities of its products, to further boost sales momentum, and to carry out supply chain security research. Researchers at the company have discovered flaws that affect numerous devices.