NetRise
An automated, cloud-based platform that provides comprehensive insight into the many risks present in a firmware image.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | $10.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 35 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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NetRise is a cybersecurity firm that has developed a cloud-based platform to address the growing risks associated with software supply chains, particularly for XIoT (Extended Internet of Things) devices. The company's solution provides continuous monitoring and analysis of firmware, offering a comprehensive view of potential vulnerabilities within the software components of these devices.
By focusing on compiled code, NetRise can identify and prioritize risks without requiring access to source code, a significant advantage when dealing with third-party software. This approach allows organizations to proactively manage their security posture and mitigate threats before they can be exploited.
The platform is designed for enterprise clients across various sectors, including critical infrastructure, manufacturing, and healthcare, where the security of connected devices is paramount. The business model is likely based on a recurring revenue model, with clients subscribing to the platform for ongoing risk assessment and management.
Founded in 2020, the company has secured $24.8 million in a Series A funding round, indicating strong investor confidence in its technology and market opportunity.
Keywords: software supply chain security, firmware analysis, XIoT security, vulnerability management, risk assessment, cybersecurity, enterprise software, cloud-based platform, threat intelligence, device security