Bionic raises $65 million for application intelligence platform
Summary
Israeli startup Bionic, which has developed a platform helping organizations operate and protect applications, has raised $65 million in Series B funding, Calcalist has learned. Founded in 2019 by CEO Idan Ninyo and CTO Eyal Mamo, Bionic has raised a total of $83 million in funding to date. Ninyo previously served in the Israeli army’s Unit 81 specializing in tech and was also an early employee at Magic Leap. “Bionic’s accelerated growth is yet another proof of the pain that organizations experience around applications protection in cloud environments,” said Gili Raanan, general partner and founder for Cyberstarts. “Bionic’s solution is unique in addressing the critical challenge that corporations face – identifying significant security vulnerabilities of their applications on the various cloud platforms.”