RunSafe Security, a pioneer of a patented process to immunize software from cyberattacks without developer friction, announced the completion of a $12 million Series B financing round. This funding round, which includes participation from new and existing investors, will accelerate new product development and market expansion to EMEA and APAC.
This funding round led by Critical Ventures and SineWave Venture Partners includes BMW i Ventures, Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners.
This funding comes at a crucial time as the US government promotes guidance to reduce attack surface in critical infrastructure and the European Union Cyber Resilience Act requires stringent cybersecurity measures like generating a software bill of materials (SBOM) when delivering software products. The forged partnerships will accelerate its expansion worldwide, enhancing safety and security while bringing cyber resilience to critical infrastructure.
RunSafe experienced substantial growth recently, with back-to-back years of tripling annualized revenue. And this success can be attributed to RunSafe’s innovative solutions that address the growing demand for the Cybersecurity & Infrastructure Security Agency (CISA’s) Secure-by-design strategies across various sectors.
KEY QUOTES:
“This investment round will enable us to accelerate the rollout of our innovative solution to prevent attacks targeting both known and unknown vulnerabilities across critical infrastructure even when a patch is not available and without the need to rewrite a single line of code.”
“RunSafe’s products have been adopted by industry leaders such as Vertiv, Lockheed Martin, and the U.S. military, including the Army, Navy, and Air Force. With the expansion of the RunSafe Security Platform, we solidified our position as cybersecurity crusaders, offering automated solutions for identifying risk, protecting code, and monitoring software for embedded software deployed throughout critical infrastructure.”
-RunSafe CEO, Joe Saunders
“RunSafe Security is leading the charge to protect our critical systems from global threats that are infiltrating our infrastructure through devastating memory-based vulnerabilities in software. The company’s unique approach to immunizing software fast-tracks protection now, so focus can be on developers building new features. We are thrilled to be part of this journey and supporting the mission to make critical infrastructure resilient.”
-Critical Ventures’ Managing Partner Heitor Benfeito
“Memory attacks pose an increasing threat to embedded systems within connected devices. RunSafe Security’s cybersecurity technology immunizes memory-based systems from unknown vulnerabilities and future attacks. BMW i Ventures is committed to advancing safety and security measures across the automotive supply chain and beyond and is excited to partner with Joe and the RunSafe team to support their mission.”
-Kasper Sage, Managing Partner at BMW i Ventures
