Firmware Security Company Eclypsium Raises $25 Million in Series B Funding
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Firmware Safety Firm Eclypsium Raises $25 Million in Collection B Funding
By Eduard Kovacs on October 04, 2022
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Firmware and {hardware} safety firm Eclypsium introduced on Tuesday that it has raised $25 million in a Collection B funding spherical, which brings the entire invested within the agency to $50 million.
The funding was led by Ten Eleven Ventures, with participation from World Mind’s KDDI Open Innovation Fund (KOIF), J-Ventures, Andreessen Horowitz, Madrona Enterprise Group, Alumni Ventures, AV8 Ventures, Intel Capital, Mindset Ventures, Oregon Enterprise Fund (OVF), Translink Capital, and Ubiquity Ventures.
Eclypsium stated it’ll use the brand new capital to broaden its product capabilities, to additional speed up gross sales momentum, and proceed its provide chain safety analysis. The corporate’s researchers have recognized vulnerabilities affecting many gadgets.
Eclypsium has developed a SaaS platform that may assist enterprises safe and shield their endpoints, community tools, servers and related gadgets.
The corporate claims its annual recurring income and buyer base have elevated considerably over the previous years.
“Eclypsium solves a crucial and infrequently neglected dimension of the cybersecurity puzzle – making certain each machine is constantly protected towards provide chain threat,” stated Alex Doll of Ten Eleven Ventures, who has joined Eclypsium’s board.
“Whereas machine safety was traditionally extra controllable by the unique machine producer, at present’s complicated provide chain and reliance on third-party software program and componentry have exponentially expanded the assault floor. Eclypsium has entered the market on the excellent time to deal with these complexities with its complete answer,” Doll added.
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