Software Supply Chain Security Leader Binarly Closes $10.5 Million Financing Led by Two Bear Capital
Summary
LOS ANGELES, March 26, 2024--(BUSINESS WIRE)--Binarly, provider of an industry leading AI-powered firmware and software supply chain security platform, today announced the closing of a $10.5 million seed funding round. The company’s flagship product – the Binarly Transparency Platform – is an enterprise-class, AI-powered solution addressing firmware and software supply chain security problems by identifying known and unknown vulnerabilities and providing evidence of malicious code implants. Binarly has established itself as a well-respected company in the vulnerability research arena, reporting and fixing hundreds of serious software defects, including the critical LogoFAIL issue that exposed billions of devices worldwide. The company’s flagship Binarly Transparency Platform is an enterprise-class, AI-powered solution used by device manufacturers, OEMs, IBVs and product security teams to identify known and unknown vulnerabilities, misconfigurations and signs of malicious code implantation. Based in Los Angeles, California, Binarly brings decades of research and program analysis expertise to build solutions to protect businesses, critical infrastructure, and consumers around the world.