Binalyze's platform offers digital forensic tools that help enterprises understand the extent of cyber breaches and incorporates digital forensics and incident response into the corporate security posture. The company plans to use the new funding to strengthen its market outreach team, further its research and development efforts by integrating artificial intelligence and machine learning into incident response processes, and enhance its worldwide customer support.
Key takeaways:
- Digital forensics and incident response solutions startup Binalyze has raised $19 million in new funding to advance its mission to deliver a comprehensive DFIR investigation platform for cloud and on-premises assets.
- The Binalyze IREC Engine collects digital forensic evidence from any endpoint in a network, with the company’s AIR management console able to collect 350 different types of evidence in under 10 minutes.
- The Series A round was led by Molten Ventures LLP, with Earlybird Digital East Fund I GmbH, OpenOcean Capital Management Pte. Ltd., Cisco Investments Inc., Citibank Global Corporate Investments Inc. and Deutsche Bank Ventures also participating.
- Binalyze plans to use the new funding to strengthen its market outreach team, further its research and development efforts by integrating artificial intelligence and machine learning into incident response processes and amplify its worldwide customer support.