RunSafe Security announced a $12 million Series B financing round on September 17, 2024. Critical Ventures and SineWave Venture Partners led the round. The company said it would use the financing to develop products and expand into Europe, the Middle East and Africa (EMEA), and Asia-Pacific (APAC).
Who invested in RunSafe Security’s Series B?
Critical Ventures and SineWave Venture Partners led the $12 million round. The other named participants were BMW i Ventures, Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners, according to RunSafe Security’s September 17, 2024 announcement and a BMW Group PressClub USA announcement published the same day.
What does RunSafe Security do?
RunSafe describes its platform as software for identifying risks, protecting code, and monitoring embedded software used in critical infrastructure. The company named aerospace and defense, energy and industrial automation, transportation and autonomy, medical devices, and high tech among its customer sectors. It identified McLean, Virginia, as its headquarters in the 2024 announcement.
Risk identification, code protection, and monitoring
In contemporaneous coverage, SecurityWeek reported that RunSafe’s capabilities included identifying software exposure to memory-related exploits, hardening code by randomizing function placement in memory, offering pre-hardened open-source packages and container images, and analyzing crash events to help distinguish bugs from attacks. These are reported product capabilities, not independent test results.
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How did RunSafe say it would use the funding?
RunSafe said the financing would accelerate new product development and expansion into EMEA and APAC. It did not disclose a dollar-by-dollar allocation. CEO Joe Saunders said the investment would help roll out the company’s solution to prevent attacks exploiting known and unknown vulnerabilities in critical infrastructure, including when a patch is unavailable and without rewriting code.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the announcement does—and does not—establish
The $12 million figure is the amount of the Series B financing RunSafe announced in 2024. The announcement and contemporaneous coverage do not establish a company valuation, an independently audited funding total, or RunSafe’s current funding status. The release also claimed back-to-back years of tripling annualized revenue but provided no underlying figures or methodology, so that growth claim cannot be independently assessed from the announcement.
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