# Binarly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/binarly

- Industry: IT Security/Cybersecurity
- Headquarters: Santa Monica, US
- Website: www.binarly.io
- Total disclosed funding: $14M
- Latest round: Seed (Mar 26, 2024)
- Investors on record: 7

## About

Based in California, US, and founded in 2021 by Alex Matrosov and Claudiu Teodorescu, Binarly Inc. identifies vulnerabilities and malicious firmware and solves the firmware supply chain security problem.
In May 2022, Binarly Inc. raised USD 3.57 million in seed funding co-led by new investors Acrobator Ventures and WestWave Capital, with participation from individual investors.

The firm offered AI-powered machine learning and code analysis techniques that aim to find out known and unknown threats and vulnerabilities. The company offers a SaaS platform and has developed its own technology to protect the supply chain from repeated failure. The firm offers two services i.e. managed detection and response team available 24/7 and providing onboarding training for IR/SOC and IT security teams.

The company will use the May funding to speed up research and development initiatives, expand its world-class engineering team, and scale enterprise and device manufacturer adoption of its technologies.

## Funding rounds

- Seed, Mar 26, 2024, $10M — Canaan Partners, Blu Venture Investors, Cisco Investments, Liquid 2 Ventures, WestWave Capital, Acrobator Ventures, Two Bear Capital
- Seed, May 24, 2022, $3.6M — WestWave Capital, Acrobator Ventures

## Investors

- WestWave Capital (https://capitalatlas.ai/funds/westwave-capital) — Seed
- Acrobator Ventures (https://capitalatlas.ai/funds/acrobator-ventures) — Seed
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Seed
- Blu Venture Investors (https://capitalatlas.ai/funds/blu-venture-investors) — Seed
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Two Bear Capital (https://capitalatlas.ai/funds/two-bear-capital) — Seed