RunSafe Security has raised $12 million in a Series B funding round, bringing its total funding to $26.4 million. The round was led by Critical Ventures and SineWave Venture Partners, with participation from BMW i Ventures, Lockheed Martin Ventures, and others. The company plans to use the new funds to accelerate product development and expand its presence in the EMEA and APAC regions.
RunSafe’s platform is designed to protect software from supply chain attacks by securing memory-related exploits. One key feature is the randomization of where functions are loaded into memory, making it harder for attackers to exploit vulnerabilities. The platform also includes a continuously updated repository of pre-hardened open-source packages, helping companies defend against third-party vulnerabilities.
The solution is used across various industries, including aerospace, defense, transportation, and healthcare. It also provides analysis of software crashes to distinguish between bugs and potential attacks, enhancing the security posture of organizations. RunSafe’s platform is designed to safeguard software in both IT and industrial control system environments.
CEO Joe Saunders stated that this funding will allow RunSafe to accelerate the rollout of its platform to protect critical infrastructure. The company’s focus is on providing robust protection for known and unknown vulnerabilities, even when patches are unavailable, without requiring organizations to rewrite their software.
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