News
Critical Ventures Invests in RunSafe Security to Empower the Cyber Security Industry
US-based cyber security firm RunSafe Security announced a new funding round to accelerate its efforts to deliver innovative solutions to protect critical systems from cyber attacks without the need for extensive code rewrites.
RunSafe Security – a pioneer in the domain of cyber security, patenting a process to immunise software from cyberattacks without developer friction - has announced the successful completion of a $12 million Series B equity financing round. This funding round, including participation from both new and existing investors, will accelerate new product development and market expansion to EMEA and APAC.
Critical Ventures - a global leader in embedded software development for critical infrastructure - is proud to have taken part in this funding round.
"RunSafe is leading the charge to protect our critical systems from global threats that are infiltrating our infrastructure through memory-based vulnerabilities. The company’s unique approach to immunising software fast-tracks protection now, so the focus can be on developers building new features. We are thrilled to be part of this journey and supporting the mission to make critical infrastructure resilient,” said Heitor Benfeito, Managing Director of Critical Ventures.
Critical Ventures and Critical Software are expanding their contracts and partnerships, investing in dynamic and innovation partnerships across the globe. This move demonstrates our commitment to technology, innovation, and providing reliable solutions for the ever-evolving cyber security landscape. By strengthening international ties, we aim to deliver cutting-edge advancements which will keep critical systems safe.
“Critical Ventures is not only a financial partner but a strategic partner. The team not only understands our business and our marketplace but also contributes directly in multiple ways as we expand globally.” said Joe Saunders, CEO of RunSafe.
Other investors involved in this funding round include SineWave Venture Partners, BMW i Ventures, Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners, all of whom have reaffirmed their commitment to RunSafe's mission and growth.
This investment comes at a crucial time as the European Union Cyber Resilience Act introduces stringent cyber security measures across the continent, including generating a software bill for materials when delivering these products.
About Critical Ventures
Critical Ventures is a VC founded to invest in revolutionary technologies that go on to change the world. IoT, Automation, AI/ML and digitalisation, and cyber security are just a few areas in which Critical Ventures takes great interest.
The Critical ecosystem is proud to have built a company of passionate and like-minded professionals dedicated to making the world a better and safer place - one tech solution at a time. The company strongly believes in offering guidance, sharing our expertise, providing financial backing, and offering a hands-on approach to securing the future.
For more information, visit www.critical-ventures.com.