Security News > 2020 > October > Enterprise Device Security Company Eclypsium Raises $13 Million
Cloud-based enterprise device security platform provider Eclypsium on Thursday announced raising $13 million in an oversubscribed funding round.
To date, the company has raised a total of $25 million.
The new funding, the company says, will help it scale operations and expand sales, delivery, and research teams.
The new funding round saw participation from new investors AV8 Ventures, Alumni Ventures Group, Mindset Ventures, Ridgeline Partners, and TransLink Capital, as well as from returning investors Andreessen Horowitz, Intel Capital, Madrona Venture Group, and Ubiquity Ventures.
"We have built world-class expertise and technology, in partnership with our customers, to address the firmware risk. We are proud to have the support of these new investors, in addition to our returning backers, each of whom will help us expand into new verticals and geographies. Today is another milestone for our customers, partners, and employees, to whom we owe the tremendous growth of our company," Eclypsium CEO Yuriy Bulygin said.