RunSafe Security, a leader in software immunization against cyberattacks, has successfully closed a $12 million Series B funding round. This investment, spearheaded by Critical Ventures and SineWave Venture Partners, along with participation from BMW i Ventures, Lockheed Martin Ventures, and others, will enhance product development and facilitate expansion into the EMEA and APAC markets.
RunSafe’s innovative technology addresses the critical issue of memory safety in software systems, which is increasingly important as both the U.S. and European governments push for enhanced cybersecurity measures. “This investment will enable us to roll out our unique solution to safeguard critical infrastructure from both known and unknown vulnerabilities,” stated Joe Saunders, CEO of RunSafe Security. “Crucially, our approach does this without requiring developers to change a single line of code.”
The urgency of this funding comes in light of new cybersecurity mandates, such as the European Union’s Cyber Resilience Act, which emphasizes the need for robust security protocols in software delivery. The partnerships formed through this funding round will not only bolster RunSafe’s market presence but also enhance global cyber resilience.
Heitor Benfeito, Managing Partner at Critical Ventures, commented on the investment: “RunSafe Security is at the forefront of protecting critical systems from memory-based vulnerabilities that threaten infrastructure integrity. Their fast-tracked protection enables developers to focus on innovation without compromising security.”
Kasper Sage, Managing Partner at BMW i Ventures, echoed this sentiment, emphasizing the growing threat of memory attacks on embedded systems. “RunSafe’s technology immunizes these systems against potential future vulnerabilities, making it an essential partner in enhancing safety and security across industries, particularly in automotive applications.”
RunSafe has demonstrated exceptional growth, recently achieving three consecutive years of tripling annual revenue. The company’s solutions have gained traction among notable clients, including Vertiv, Lockheed Martin, and various branches of the U.S. military. As the demand for secure-by-design strategies escalates, RunSafe’s offerings position it as a pivotal player in the cybersecurity landscape.
Editorial Opinion
The momentum behind RunSafe Security’s recent funding illustrates the pressing need for advanced cybersecurity measures in an era of escalating threats. The company’s unique approach to software immunization not only mitigates risks associated with known vulnerabilities but also proactively addresses unknown ones. This capability is particularly vital as industries increasingly rely on software-integrated solutions for critical operations.
As regulatory frameworks evolve, organizations are compelled to adopt comprehensive security measures. RunSafe’s technology not only aligns with these regulatory trends but also empowers companies to enhance their cybersecurity posture without burdening development processes. With strong backing from reputable investors and an expanding market reach, RunSafe Security is poised to become a cornerstone of cybersecurity innovation, delivering significant impact across various sectors. RunSafeSecurity.com.
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