Eclypsium, a US-based enterprise device security provider, has raised $13m in its series B round from a consortium including Intel Capital, the corporate venturing unit for chip and data technology producer Intel.
New investors in the round included AV8 Ventures, the venture capital firm backed by Germany-based insurer Allianz, as well as TransLink Capital, Mindset Ventures, Alumni Ventures Group and Ridgeline Partners.
Intel Capital was joined by fellow returning investors Madrona Venture Group, Andreessen Horowitz and Ubiquity Ventures. The round brings Eclypsium’s total funding to about $25m.
The company raised $8.75m in a December 2018 series A round featuring Intel Capital, Madrona Venture Group, Andreessen Horowitz and Ubiquity Ventures, following a $2.3m seed round backed by Intel Capital, Andreessen Horowitz and Ubiquity in 2017.
Eclypsium will use the money to scale its business, which helps corporations see which vulnerable devices (known as firmware) they have and discover how many may have already been compromised.
Baris Aksoy, general partner at AV8 Ventures and former investment director at Intel Capital, said: “Eclypsium’s ability to address security risks from a myriad of devices every organisation uses – starting with the supply chain and extending to monitoring devices in the enterprise infrastructure – positions them to be an integral part of any enterprise cybersecurity suite.”
Sunil Kurkure, promoted last year to managing director at Intel Capital, added: “Security continues to be one of Intel’s key priorities, and our ongoing partnership with and support of Eclypsium enables us to elevate the security posture of the entire compute ecosystem.”
