Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Firmware Security Startup Binarly Raises $3.6 Million in Seed Funding

Firmware security company Binarly on Wednesday announced that it has raised $3.6 million in a seed funding round led by Westwave Capital and Acrobator Ventures.

Several angel investors also took part in the seed round, which will help the startup speed up R&D initiatives, expand its engineering team, and scale adoption of its technologies.

Firmware security company Binarly on Wednesday announced that it has raised $3.6 million in a seed funding round led by Westwave Capital and Acrobator Ventures.

Several angel investors also took part in the seed round, which will help the startup speed up R&D initiatives, expand its engineering team, and scale adoption of its technologies.

The Los Angeles, California-based Binarly has developed a SaaS platform designed for firmware threat identification and response. The company says its solutions are used by security teams to identify vulnerabilities and malicious firmware modifications. Its platform can also be used to gain firmware SBOM visibility without access to source code.

Binarly has also created technology for firmware vulnerability management and supply chain protection.

“The current approach in the industry is to detect risks related to the firmware by leveraging the current version number of the firmware update against a public database of vulnerabilities and threats. This leads to firmware supply chain failures because known vulnerabilities that are not associated with a certain version number of a firmware release will not be detected, thus keeping the ‘doors’ open for an attacker,” said Alex Matrosov, co-founder and CEO of Binarly.

Claudiu Teodorescu, Binarly co-founder and CTO, added, “Assessing the impact of a known firmware-based vulnerability in a customer environment, at scale, is a problem without a viable solution. We have developed the FwHunt technology that adds semantic context around a known vulnerability to ensure detection while reducing false positives.”

Binarly has identified firmware vulnerabilities in products from major manufacturers such as AMI, AMD, Dell, Fujitsu, HP, Insyde, Intel and Lenovo. The startup claims to have identified more than 100 new flaws this year alone.

Last year, the company’s researchers described new attack methods that could be used to “blind” cybersecurity products.

Advertisement. Scroll to continue reading.

Related: 16 Vulnerabilities Found in Firmware of HP Enterprise Devices

Related: High-Severity UEFI Vulnerabilities Patched in Dell Enterprise Laptops

Related: Enterprise Device Security Company Eclypsium Raises $13 Million

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how the LOtL threat landscape has evolved, why traditional endpoint hardening methods fall short, and how adaptive, user-aware approaches can reduce risk.

Watch Now

Join the summit to explore critical threats to public cloud infrastructure, APIs, and identity systems through discussions, case studies, and insights into emerging technologies like AI and LLMs.

Register

People on the Move

Kenna Security co-founder Ed Bellis has joined Empirical Security as Chief Executive Officer.

Robert Shaker II has joined application security firm ActiveState as Chief Product and Technology Officer.

MorganFranklin Cyber has promoted Nick Stallone and Ferdinand Hamada into newly created roles.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.