Eclypsium, an innovator in infrastructure supply chain security, announced it raised $45 million through a combination of equity and debt in an oversubscribed Series C funding round with Qualcomm Ventures, Pavilion Capital, Singtel Innov8, and Sixty Degree Capital. These new investors are joined by previous lead investors Ten Eleven Ventures, Andreessen Horowitz, and Madrona. This funding round brings the company’s equity to $85 million.
Eclypsium also established itself as an industry authority on protecting commercial and federal critical infrastructure against sophisticated threat actors like those backed by nation-states. And the recent increase in cybercrime stemming from geopolitical ‘hot spots’ has ushered in a heightened awareness of security breaches targeting devices (down to the component level) in every organization’s supply chain.
Building on significant traction and growing demand from leading cloud providers and GPU cloud vendors, Eclypsium will use the new funding to scale operations in critical GenAI hardware and smart connected devices that remain unaddressed, and the company plans to continue investing heavily in the North American commercial and federal markets and the APAC region. Plus, the company is also working with emerging regions that have recently been targeted by nation-state and ransomware threat actors.
As the global authority on supply chain security, the company will expand its world-renowned supply chain research lab to help industry partners and customers perform device security assurance and certification.
KEY QUOTES:
“As AI processing increasingly shifts towards edge devices, ensuring the security of these systems and the underlying infrastructure is of paramount importance. We believe Eclypsium, with its technology leadership and customer traction, is well positioned to help enterprises protect the digital supply chain. Leveraging our leadership in AI at the edge, we’re thrilled to invest in Eclypsium to drive secure and intelligent computing across consumer and enterprise use cases.”
- Tushar Gupta, Senior Director, Qualcomm Technologies, and Managing Director of North America, Qualcomm Ventures
“The Cybersecurity and Infrastructure Security Agency (CISA) is urging security and IT leaders to mitigate critical vulnerabilities in infrastructure devices exploited by nation-state threat actors like Salt Typhoon, Volt Typhoon and ransomware groups. There is an urgent need to protect each organization’s foundational infrastructure from these threats. This funding will solidify our position as the market leader and fortify our commitment to delivering the most comprehensive platform to secure critical hardware, firmware and software within every customer’s supply chain.”
- Yuriy Bulygin, CEO and Co-Founder of Eclypsium
