March 26, 2024 at 04:42PM
Binarly, a Los Angeles startup, secured $10.5 million in venture capital funding led by Two Bear Capital. Their AI-powered solution, the Binarly Transparency Platform, automates discovery of security vulnerabilities in firmware and software supply chain. Founded by NVIDIA alum Alex Matrosov, the company aims to capitalize on global software supply chain security needs.
Key Takeaways from Meeting Notes:
– Binarly, a Los Angeles startup, has secured $10.5 million in venture capital funding from Two Bear Capital, with participation from other investors such as Cisco Investments, Blu Ventures, Canaan Partners, and Liquid 2 Ventures.
– The company has developed an AI-powered solution called the Binarly Transparency Platform, which aids security teams in identifying and addressing security issues within the firmware and software supply chain.
– Founded by researcher Alex Matrosov, Binarly has gained recognition in the vulnerability research arena by identifying and fixing numerous serious software defects, including the critical LogoFAIL issue that impacted billions of devices globally.
– Binarly aims to capitalize on the increasing emphasis on securing software supply chains, with its technology already being utilized by enterprise customers, device manufacturers, OEMs, and IBVs to proactively detect and manage software vulnerabilities.
– The company also provides validated remediation playbooks to reduce the time and cost associated with addressing security issues.
Is there anything else you need assistance with regarding these meeting notes?