Eclypsium, a Portland, OR-based provider of a cloud-based platform that offers digital supply chain security for critical hardware, firmware and software, raised $25M in Series B funding.
The round was led by Ten Eleven Ventures, with participation from Global Brain’s KDDI Open Innovation Fund (KOIF), J-Ventures, Andreessen Horowitz, Madrona Venture Group, Alumni Ventures, AV8 Ventures, Intel Capital, Mindset Ventures, Oregon Venture Fund (OVF), Translink Capital and Ubiquity Ventures. In conjunction with the funding, Alex Doll, Ten Eleven’s co-founder, joined Eclypsium’s Board of Directors.
The company intends to use the funds to expand its product capabilities, further accelerate enterprise and Federal sales growth, and continue to foster its leadership in supply chain security research.
Led by CEO Yuriy Bulygin, Eclypsium provides a cloud-based platform that offers digital supply chain security for critical hardware, firmware and software, defending enterprises and government agencies from the deep implants and exploits that have become the vector of choice for modern adversaries.
Since raising its Series A round, the company said it has increased headcount by 5x, achieved 35x growth in annual recurring revenue and expanded its customer base by 13x. In addition to these achievements, Eclypsium has also:
- Appointed multiple industry leaders to its executive team across sales, engineering, marketing, and research
- Discovered industry-wide risks in the supply chains of major equipment manufacturers across enterprise laptops, servers, PC firmware, and critical device software.
- Been added to CISA’s Continuous Diagnostics and Mitigation as the only supply chain security solution for enterprise hardware and firmware.
FinSMEs
04/10/2022