RunSafe Security on Tuesday announced that it has raised $12 million in a Series B funding round for its software security solution.
The funding, which brings the total raised by RunSafe to $26.4 million, was led by Critical Ventures and SineWave Venture Partners, with participation from BMW i Ventures, Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners.
The McLean, Virginia-based company plans on using the new investment to accelerate product development and market expansion in the EMEA and APAC regions.
RunSafe has developed a platform designed to help organizations develop secure software and protect against supply chain attacks.
The platform has several components. One of them focuses on identifying the exposure of software to memory-related exploits. Another component is designed to prevent the exploitation of such vulnerabilities by hardening code through the randomization of where functions are loaded into memory.
RunSafe also provides a continuously updated repository of commonly used open source packages and container images that are pre-hardened to protect the customer’s software against third-party vulnerabilities, including unpatched flaws.
The platform can also analyze software crash events to distinguish between bugs and attacks.
RunSafe claims its solution is used in various sectors, including aerospace and defense, transportation, medical, high-tech, and energy and industrial automation. The company says organizations are using it to protect software not only in IT environments, but also ICS/OT environments.
“This investment round will enable us to accelerate the rollout of our innovative solution to prevent attacks targeting both known and unknown vulnerabilities across critical infrastructure even when a patch is not available and without the need to rewrite a single line of code,” said RunSafe CEO Joe Saunders.
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