a16z portfolio company Eclypsium raises $45M Series C

It’s been a minute since we’ve heard from Eclypsium. But clearly, they’ve been heads down making progress. Because they just announced another round of funding. And with existing investors like Andreessen Horowitz, Madrona, and Ten Eleven continuing to invest, they’re clearly onto something big in cybersecurity.

 Eclypsium, a leader in infrastructure supply chain security, today announced it has raised $45 million through a combination of equity and debt in an oversubscribed Series C financing round with Qualcomm Ventures, Pavilion Capital, Singtel Innov8, and Sixty Degree Capital. The new investors are joined by prior lead investors Ten Eleven Ventures, Andreessen Horowitz and Madrona. This round brings the company’s total equity funding to $85 million. 

Eclypsium has established itself as an industry authority on protecting commercial and federal critical infrastructure against sophisticated threat actors, including those backed by nation-states. The recent rise in cybercrime stemming from geopolitical ‘hot spots’ has ushered in a heightened awareness of security breaches targeting devices  – down to the component level – in every organization’s supply chain. As enterprises and national infrastructure increase their reliance on AI compute hardware and AI-enabled devices, which Gartner estimates will grow to $500 billion in spend on AI servers by 2025, securing the supply chain is becoming more critical than ever.

“The Cybersecurity and Infrastructure Security Agency (CISA) is urging security and IT leaders to mitigate critical vulnerabilities in infrastructure devices exploited by nation-state threat actors like Salt Typhoon, Volt Typhoon and ransomware groups,” said Yuriy Bulygin, CEO and co-founder of Eclypsium shared with the Portland Business Journal. “This funding will solidify our position as the market leader and fortify our commitment to delivering the most comprehensive platform to secure critical hardware, firmware and software within every customer’s supply chain.”

For more, see GeekWire’s coverage. For subscribers, The Oregonian has coverage, as well.

For more information, visit Eclypsium.

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