Binarly Raises $10.5 Million in Seed Round
Last month, a principal software engineer at Microsoft caught a “backdoor” attack on open-source software supply chains widely used by tech companies, cloud computing services and even government entities. Shortly after that, software security startup Binarly announced a $10.5 million seed round, funding its development of an AI tool designed to flag such security problems.
The company, which is based in Santa Monica, said it oversubscribed its seed round led by Two Bear Capital, with equity investments from the venture arm of software giant Cisco, Canaan Partners and Liquid 2 Ventures.
Founded in 2021 by Nvidia alum Alex Matrosov, the company’s flagship product claims to automate the discovery of supply chain weak spots and sniff out signs of malicious code.
Read the full story in the Los Angeles Business Journal:
