- RunSafe Security announced the second close of $3.5 million in Series A funding from Lockheed Martin Ventures and NextGen Venture Partners
RunSafe Security, a company that developed a patented process to immunize software from cyberattacks without developer friction, announced the second close of $3.5 million in Series A funding from Lockheed Martin Ventures and NextGen Venture Partners. Based in McLean, Virginia and with an office in Huntsville, Alabama, RunSafe Security’s customers span the enterprise, suppliers and manufacturers, and national security industries.
This funding news comes on the heels of RunSafe’s initial closing of $6.3 million in Series A funding announced in late December. And this brings the company’s total Series A funding to $9.8 million.
RunSafe’s platform Alkemist is known for inoculating software binaries using runtime application self-protection (RASP) and moving-target defense (MTD) methods. This reduces risks by making each instance logically unique while still keeping all instances functionally identical so that an exploit built in a lab cannot compromise an instance deployed in the field.
Alkemist deploys easily in DevSecOps software pipelines across build and deploy toolchains to protect firmware, OS, containers, virtual machines, and applications. Originally based from a research project for the Advanced Research Projects Agency of the Department of Defense (DARPA), Alkemist is the only software security product to immunize open-source, in-house developed code, and third-party binaries while leaving each system functionally identical, but logically unique.
Key Quotes:
“Our investment in RunSafe underscores our focus on mitigating evolving cyber threats that the defense industry faces. We look forward to working with RunSafe to assist in our effort to protect mission-critical systems our customers rely on.”
-Chris Moran, vice president and general manager, Lockheed Martin Ventures
“RunSafe is committed to disrupting hacker economics by inoculating code and ensuring cyber resilience, with an easy to deploy solution that neither affects performance nor changes system behavior. This investment from Lockheed Martin and NextGen Venture Partners is a testament to our shared vision to secure the supply chain and protect the manufacturing of mission-critical systems.”
-Joe Saunders, CEO of RunSafe Security
