What does NetRise do?
NetRise is a software supply chain security company that protects organizations by analyzing compiled code rather than source code. Its platform creates a comprehensive inventory of installed software, helping to identify and address cybersecurity risks in critical enterprise systems.
How much did they raise?
The company raised $10M in Series A funding, with DNX Ventures leading the round and participation from Miramar Digital Ventures, Sorenson Capital, Squadra Ventures, and Talons Ventures. This investment brings their total funding to $24.8M.
What are their plans for the money?
NetRise plans to use the funds to further develop its proactive and continuous monitoring capabilities, enhancing visibility and protection across software components, including firmware. This will enable organizations to better detect and mitigate potential threats.
What have they achieved so far?
The company has already made significant strides by deploying its platform to accurately inventory software assets in critical systems, giving both software producers and device manufacturers a clearer view to manage cybersecurity risks.
