September 17, 2024 at 10:21AM
RunSafe Security secured $12 million in Series B funding led by Critical Ventures and SineWave Venture Partners, with participation from several notable investors, bringing their total raised funds to $26.4 million. The McLean-based company plans to use the investment to expand their market in EMEA and APAC and improve their software security platform.
From the meeting notes, here are the key takeaways:
– RunSafe Security has successfully raised $12 million in a Series B funding round, led by Critical Ventures and SineWave Venture Partners, with participation from several other investors, bringing the total raised by RunSafe to $26.4 million.
– The investment will be used to accelerate product development and market expansion in the EMEA and APAC regions.
– RunSafe’s platform is designed to help organizations develop secure software and protect against supply chain attacks, with various components focusing on identifying software vulnerabilities, hardening code, and analyzing software crash events.
– The company’s solution is utilized in sectors such as aerospace and defense, transportation, medical, high-tech, and energy and industrial automation, to protect software in both IT environments and ICS/OT environments.
– RunSafe CEO, Joe Saunders, highlighted that the investment round will enable the company to prevent attacks targeting both known and unknown vulnerabilities across critical infrastructure, without needing to rewrite a single line of code.
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