Lockheed Martin Ventures and NextGen Venture Partners Invest in RunSafe Security
RunSafe’s patented process immunizes software across build and deploy toolchains
MCLEAN, VA. – March 5, 2020 – RunSafe Security, the pioneer of a patented process to immunize software from cyber attacks without developer friction, today announced a second close of $3.5M in Series A funding from Lockheed Martin Ventures and NextGen Venture Partners. This news comes on the heels of RunSafe’s initial close of $6.3M in Series A funding announced in late December, bringing its total Series A investment to $9.8M from investors.
“Our investment in RunSafe underscores our focus on mitigating evolving cyber threats that the defense industry faces,” said Chris Moran, vice president and general manager, Lockheed Martin Ventures. “We look forward to working with RunSafe to assist in our effort to protect mission-critical systems our customers rely on.”
RunSafe’s patented platform, Alkemist®, inoculates software binaries using runtime application self-protection (RASP) and moving-target defense (MTD) methods. This significantly reduces risks by making each instance logically unique, while still keeping all instances functionally identical, so that an exploit built in a lab cannot compromise an instance deployed in the field. Alkemist deploys easily in DevSecOps software pipelines across build and deploy toolchains to protect firmware, OS, containers, virtual machines, and applications. Originally born out of a research project for the Advanced Research Projects Agency of the Department of Defense (DARPA), Alkemist is the only software security product to immunize open source, in-house developed code, and third-party binaries, while leaving each system functionally identical, but logically unique.
“RunSafe is committed to disrupting hacker economics by inoculating code and ensuring cyber resilience, with an easy to deploy solution that neither affects performance nor changes system behavior,” said Joe Saunders, CEO, RunSafe Security. “This investment from Lockheed Martin and NextGen Venture Partners is a testament to our shared vision to secure the supply chain and protect the manufacturing of mission-critical systems.”
For more information on RunSafe’s proprietary cyberhardening processes, visit: https://runsafesecurity.com/how-it-works/
RunSafe Security’s mission is to immunize software from cyber attacks without developer friction, disrupting hacker economics. RunSafe’s security techniques inoculate our customers’ systems from an entire class of cyber attacks. Our customers integrate our product across build and deploy tools chains without developer friction protecting open source, in house code, and 3rd party binaries. Headquartered in McLean, Virginia, with an office in Huntsville, Alabama, RunSafe Security’s customers span the enterprise, suppliers and manufacturers, and national security industries.
About NextGen Venture Partners
NextGen Venture Partners works with over 1,200 venture partners to invest $1 million to $2 million in seed-stage companies and $2 million to $10 million in companies with more than $10 million in revenue. Venture Partners with NextGen are top founders and executives across the country whose expertise and connections help NextGen accelerate the growth of its portfolio companies. To learn more visit https://nextgenvp.com/
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