Beaverton-Based Enterprise Firmware Protection Company Eclypsium Raises $8.75 Million

By Dan Anderson ● December 4, 2018

Eclypsium, a Beaverton, Oregon-based enterprise firmware protection platform company, has raised $8.75 million in Series A funding led by Madrona Venture Group. Andreessen Horowitz, Intel Capital, and Ubiquity Ventures also participated in this round of funding.

The company has been seeing rapid demand for its platform, which protects organizations from the foundation of their computing infrastructure by controlling the risk and stopping threats inside the firmware of laptops, servers, and networking infrastructure.

“Firmware is in every device in the modern enterprise – from user devices like mobile phones and laptops, to the servers, switches, and networking infrastructure that power data centers and networks globally,” said Eclypsium co-founder and chief executive Yuriy Bulygin. “Firmware attacks are pervasive, persistent, and have the ability to permeate and compromise entire data centers, remaining undetected on thousands of devices. Eclypsium’s mission is to find, stop and remove such attacks, which threaten the heart of every enterprise and organization today.”

During beta testing on thousands of devices earlier this year, Eclypsium found that organizations have little to no visibility in their firmware state, threats, and vulnerabilities. And Eclypsium found that the majority of the devices have outdated firmware with vulnerable configurations. And 100% of the devices tested were vulnerable to a known attack.

In conjunction with this round of funding Madrona Venture Group managing director Tim Porter is joining the board of directors at Eclypsium. “Eclypsium brings together a truly unique collection of talent and experience in firmware threat research and real-world mitigation. With years of experience in Intel’s Advanced Threat Research team and McAfee, this team has been on the front lines of discovering new threats and analyzing the world’s most sophisticated hardware and firmware attackers, and we are excited to be working with them on their next phase of growth,” added Porter.

With this round of funding, Eclypsium plans to grow its team in all areas. And Eclypsium will support the rapid growth being driven by customers and prospects.

Intel VP and Intel Capital senior managing director Trina Van Pelt pointed out that Eclypsium’s platform gives enterprises firmware and device visibility so that they can remain confident in their underlying infrastructure. Van Pelt explained that security is one of the highest priorities at Intel and her team sees the collaboration with Eclypsium as an important opportunity to deliver key capabilities benefiting the overall industry.