- Cybersecurity solutions provider RunSafe Security announced it has raised $6.3 million
McLean, Virginia-based RunSafe Security — a provider of cybersecurity solutions — has raised $6.3 million in Series A funding led by Alsop Louie Partners. New investors Working Lab Capital, Inner Loop Capital, and Renegade Ventures also joined the funding round. Including this round of funding, RunSafe has raised a total of $8.7 million in funding.
With this round of funding, RunSafe is planning to expand its sales and marketing efforts as well as broaden and accelerate product development.
RunSafe’s flagship product Alkemist is known for hardening software binaries using runtime application self-protection (RASP) and Moving Target Defense (MTD) methods in order to reduce risk by precluding exploits from spreading across multiple devices and networks. And it is considered the only automated tool to protect open-source, in-house developed code, or third-party binaries while leaving each system functionally identical, but logically unique.
“As 80% of security decisions in DevOps software teams are made by software developers and 75% of kill chains involve a step using a memory corruption vulnerability, RunSafe allows a massive reduction in attack surface with ease of deployment. This boost in cyber immunity fundamentally disrupts hacker economics and allows reallocation of scarce cybersecurity resources overwhelmed with patching and related basic cyber hygiene efforts,” said RunSafe Security founder and CEO Joe Saunders. “We founded RunSafe Security to disrupt hacker economics at the root cause in order to render cyber threats inert – and we are delighted with the widespread adoption of Alkemist across DevSecOps toolchains.”
RunSafe Security is aiming to protect software without developer friction from cyberattacks, which disrupts hacker economics. And its security techniques protects its customers’ systems from an entire class of cyber-attacks. The company’s customers span across enterprises and national security agencies.