Software and AI vulnerability and risk discovery firm Manifest on Thursday announced raising $15 million in a Series A funding round that brings the total raised by the company to $23 million.
The new investment round was led by Ensemble VC, with additional support from AE Ventures, First Round Capital, Homebrew, Leap435, Overmatch VC, and XYZ.
Founded in 2022, the Connecticut-based cybersecurity startup helps organizations collect and ingest software bills of materials (SBOMs) and AI bills of materials (AIBOMs) to secure their software and AI supply chain.
Manifest provides increased transparency across the supply chain attack surface with automated discovery and tracking of vulnerabilities and other risks, so that organizations can immediately respond to threats.
The startup’s platform automatically generates, analyzes, and tracks SBOMs, managing the full SBOM lifecycle and helping security teams to visualize dependencies, identify hidden risks, share information, and manage ticketing workflows.
Similarly, it inventories AI models and datasets, tracks dependencies, and monitors deployments for tampering and malformed inputs, helping organizations with procurement, risk policy enforcement, and threat response.
Manifest says its platform is already used by the US Air Force, DHS, various Fortune 500 companies, and enterprises in the automotive, defense, and financial services sectors. The company plans to expand its market reach to Europe.
“As organizations rush to adopt generative AI and LLMs, security and risk teams are flying blind. The software supply chain is the new digital blind spot. We could consider it incredibly irresponsible to buy a house without an inspection or maintenance records. But that’s exactly how most enterprises build and buy technology today. It’s no longer acceptable to deploy software or AI without knowing what’s inside,” Manifest co-founder and CEO Marc Frankel said.
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