BMW i Ventures Invests $12M in RunSafe Security to Strengthen Cybersecurity for Critical Infrastructure

Jo-Carolyn Goode | 9/17/2024, 10:41 a.m.
In a bold move to enhance cybersecurity across critical industries, BMW i Ventures has joined a $12 million Series B …
BMW i Ventures announced an investment in RunSafe Security, a leading cybersecurity firm specializing in software immunization, on September 17, 2024. The company uses a patented process called load-time function randomization which dynamically relocates software functions in memory every time the software is loaded, making it extremely difficult for attackers to predict the location of specific functions. Ariel Doebler

In a bold move to enhance cybersecurity across critical industries, BMW i Ventures has joined a $12 million Series B funding round for RunSafe Security, a pioneering firm specializing in software immunization technology. This funding round, led by Critical Ventures and SineWave Venture Partners, also included key investors such as Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners. The collaboration aims to supercharge RunSafe Security's product development and market expansion efforts in regions such as EMEA and APAC, strengthening global cybersecurity defenses.

Revolutionizing Cybersecurity with Software Immunization

RunSafe Security’s unique selling proposition lies in its patented technology that protects software from cyberattacks without disrupting developer operations. This breakthrough allows organizations to immunize their systems against memory-based attacks, a growing threat in today’s interconnected world. The company's software immunization process stands out as a non-invasive solution, seamlessly integrating into existing infrastructures to ward off potential vulnerabilities and future threats.

RunSafe Security has achieved remarkable growth in recent years, with consecutive years of tripling its annual revenue. Its cutting-edge solutions have gained traction across industries such as aerospace, defense, and energy, attracting major players in these sectors.

BMW i Ventures' Commitment to Cybersecurity Innovation

Kasper Sage, Managing Partner at BMW i Ventures, emphasized the growing importance of cybersecurity in the age of connected devices. "Memory attacks pose an increasing threat to embedded systems within connected devices. RunSafe’s technology offers a groundbreaking approach to immunize these systems from unknown vulnerabilities and future attacks," Sage noted. "At BMW i Ventures, we are dedicated to fostering innovation that advances safety and security measures, not just within the automotive industry but across all sectors."

This investment aligns with BMW i Ventures’ mission to drive innovation in cybersecurity, further enhancing the security protocols of the automotive supply chain and beyond. Partnering with RunSafe Security solidifies their efforts to combat the rising threats in today's digital landscape.

Expanding Reach with New Investment

Joe Saunders, CEO of RunSafe Security, expressed his excitement about the new investment. "This funding will enable us to accelerate our efforts in delivering innovative solutions that protect critical systems from cyberattacks, without requiring extensive code rewrites," Saunders said. "RunSafe's products have been adopted by industry giants like Vertiv, Schneider Electric, and GE Aviation, along with several branches of the U.S. military, including the Army, Navy, and Air Force."

RunSafe’s solutions not only provide cybersecurity protection but also streamline processes for generating Software Bill of Materials (SBOM), identifying vulnerabilities, and preventing exploits. As cybersecurity concerns continue to escalate across industries, the expansion of the RunSafe Security Platform aims to fortify critical infrastructure and provide businesses with robust, automated defense systems.

Leading the Future of Cybersecurity

BMW i Ventures’ latest investment in RunSafe Security marks a significant step forward in advancing cybersecurity technologies that cater to the complex needs of today’s global industries. As cyber threats become more sophisticated, the need for innovative solutions that protect critical infrastructure has never been greater. With RunSafe Security’s immunization technology and the support of a high-caliber investor network, the future of cybersecurity looks promising.

This partnership highlights BMW i Ventures' commitment to driving innovation across diverse industries, ensuring that safety and security remain at the forefront of the evolving digital age.

For more info, visit BMWUSANews.com