The Tool Desk
Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Binarly announced a $10.5 million seed round on March 26, 2024, led by Two Bear Capital. The Los Angeles cybersecurity company says it will use the financing to grow its engineering team and expand adoption of its enterprise platform for firmware and software supply-chain security.
Who invested in Binarly?
Two Bear Capital led the seed round. Blu Ventures, Canaan Partners, Cisco Investments and Liquid 2 Ventures also participated. Existing pre-seed investors Westwave Capital and Acrobator Ventures increased their equity positions. These details were announced by Binarly in its March 26, 2024 funding release.
What does Binarly do?
Binarly sells enterprise software, not a consumer device. Its flagship product, the Binarly Transparency Platform, is described by the company as an AI-powered, cloud-agnostic platform for identifying known and unknown vulnerabilities and providing evidence of malicious code implants in software and device firmware.
The intended users include device manufacturers, original equipment manufacturers (OEMs), independent BIOS vendors (IBVs) and product security teams. SecurityWeek’s March 26, 2024 report says enterprise customers use the technology to manage vulnerabilities, trace transitive dependencies, detect firmware implants and other malicious code, and flag bugs or misconfigurations earlier in code generation.
Quick wins for a faster PC:
Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →#1 Best Overall
- POWERFUL SECURITY KEY: The Security Key C NFC is the essential physical passkey for protecting your digital life from phishing attacks. It ensures only you can access your accounts.
- WORKS WITH 1000+ ACCOUNTS: Compatible with Google, Microsoft, and Apple. A single Security Key C NFC secures 100 of your favorite accounts, including email, password managers, and more.
- FAST & CONVENIENT LOGIN: Plug in your Security Key C NFC via USB-C and tap it, or tap it against your phone (NFC) to authenticate. No batteries, no internet connection, and no extra fees required.
- TRUSTED PASSKEY TECHNOLOGY: Uses the latest passkey standards (FIDO2/WebAuthn & FIDO U2F) but does not support One-Time Passwords. For complex needs, check out the YubiKey 5 Series.
- BUILT TO LAST: Made from tough, waterproof, and crush-resistant materials. Manufactured in Sweden and programmed in the USA with the highest security standards.
How does the platform fit into security work?
Software and firmware can include components and dependencies built or maintained by multiple parties. Binarly’s platform is positioned to help security teams inspect those components, identify potential risks and respond to incidents. The company says its remediation playbooks are intended to reduce response time and cost. That is a stated product benefit; the cited sources do not provide independently measured results or comparative performance data.
Binarly CEO Alex Matrosov said the platform was built to “provide verifiability and inspectability at every corner of the software and firmware supply chains.” Cisco Investments Vice President Janey Hoe, an investor in the round, said securing firmware had become especially important and described Binarly as adding a layer of security beneath operating systems. Both statements appeared in the company’s funding release and should be understood as attributed views.
Rank #2
- POWERFUL SECURITY KEY: The YubiKey 5 NFC is the most versatile physical passkey, protecting your digital life from phishing attacks. It ensures only you can access your accounts
- WORKS WITH 1000+ ACCOUNTS: Compatible with popular accounts like Google, Microsoft, and Apple. A single YubiKey 5 NFC secures 100+ of your favorite accounts, including email, password managers, and more
- FAST & CONVENIENT LOGIN: Plug in your YubiKey 5 NFC via USB and tap it, or tap it against your phone (NFC), to authenticate. No batteries, no internet connection, and no extra fees required
- MOST SECURE PASSKEY: Supports FIDO2/WebAuthn, FIDO U2F, Yubico OTP, OATH-TOTP/HOTP, Smart card (PIV), and OpenPGP. That means it’s versatile, working almost anywhere you need it
- PRIMARY & SPARE KEYS: Just like having a spare house key, we recommend buying two YubiKeys - one for daily use and one as a spare. That way you’ll never get locked out of your accounts
How does Binarly plan to use the funding?
Binarly said it planned to expand its engineering team and scale adoption among enterprise customers and device manufacturers. The announcement did not specify how much of the $10.5 million would go to each activity, how many people the company intended to hire or when those plans would be completed. The sources also do not establish business results attributable to the financing.
Quick Recap
Rank #4
- POWERFUL SECURITY KEY: The Security Key NFC is the essential physical passkey for protecting your digital life from phishing attacks. It ensures only you can access your accounts.
- WORKS WITH 1000+ ACCOUNTS: Compatible with Google, Microsoft, and Apple. A single Security Key NFC secures 100 of your favorite accounts, including email, password managers, and more.
- FAST & CONVENIENT LOGIN: Plug in your Security Key NFC via USB-A and tap it, or tap it against your phone (NFC) to authenticate. No batteries, no internet connection, and no extra fees required.
- TRUSTED PASSKEY TECHNOLOGY: Uses the latest passkey standards (FIDO2/WebAuthn & FIDO U2F) but does not support One-Time Passwords. For complex needs, check out the YubiKey 5 Series.
- BUILT TO LAST: Made from tough, waterproof, and crush-resistant materials. Manufactured in Sweden and programmed in the USA with the highest security standards.
Rank #3
- POWERFUL SECURITY KEY: The YubiKey 5C NFC is the most versatile physical passkey, protecting your digital life from phishing attacks. It ensures only you can access your accounts
- WORKS WITH 1000+ ACCOUNTS: Compatible with popular accounts like Google, Microsoft, and Apple. A single YubiKey 5C NFC secures 100+ of your favorite accounts, including email, password managers, and more
- FAST & CONVENIENT LOGIN: Plug in your YubiKey 5C NFC via USB and tap it, or tap it against your phone (NFC), to authenticate. No batteries, no internet connection, and no extra fees required
- MOST SECURE PASSKEY: Supports FIDO2/WebAuthn, FIDO U2F, Yubico OTP, OATH-TOTP/HOTP, Smart card (PIV), and OpenPGP. That means it’s versatile, working almost anywhere you need it
- PRIMARY & SPARE KEYS: Just like having a spare house key, we recommend buying two YubiKeys - one for daily use and one as a spare. That way you’ll never get locked out of your accounts
What the financing announcement establishes—and what it does not
- Established: Binarly announced a $10.5 million seed financing round on March 26, 2024, with Two Bear Capital leading it.
- Company’s product description: The Transparency Platform targets firmware and software supply-chain risks, including vulnerability discovery and evidence of malicious code implants.
- Not established by the cited coverage: A detailed spending plan, a hiring target, measurable customer outcomes, or performance comparisons with competing platforms.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
