Security News > 2020 > December > Application Intelligence Firm Bionic Emerges From Stealth With $17M in Funding
Palo-Alto, California-based application intelligence startup Bionic on Thursday announced that it has emerged from stealth mode with $17 million in seed and Series A funding.
The company's platform is designed to help enterprises perform an inventory of their applications, identify their entire architecture, APIs and data flows, and track critical application changes.
"Very few enterprises have a handle on their applications," said Gili Raanan, general partner at Sequoia Capital, founder of Cyberstarts, and one of the early Bionic investors.
"Bionic has built a platform that is truly unique, using automation and advanced reverse engineering capabilities to deliver the pervasive visibility and controls enterprises need to reduce operational risk and remediate security gaps of applications before they are deployed to production."
"Application architectures are rapidly transforming, and IT, operations, and security teams are hard pressed to ensure proper governance," said Bob Laliberte, practice director and senior analyst at ESG. "Bionic delivers application intelligence across any architecture, infrastructure, or location. Legacy manual methods of obtaining application visibility are simply not up to the task, requiring countless hours of manual effort that is essentially wasted, as the results are outdated as soon as they are completed. Bionic is delivering a continuously updated, single source of truth for the entire application environment."