Eclypsium Fortifies Cybersecurity with $45M Series C Funding
Deal News | Jan 28, 2025 | Qualcomm Ventures LLC
Eclypsium, an Oregon-based startup specializing in firmware and device security, has secured $45 million in a Series C funding round. The investment comprises equity and debt contributions from new investors, including Qualcomm Ventures, Pavilion Capital, Singtel Innov8, and Sixty Degree Capital, alongside participation from existing backers like Ten Eleven Ventures, Andreessen Horowitz, and Madrona. This latest funding raises the company's total capital to $85 million, aimed at expanding its operations in AI compute hardware markets and enhancing device security testing. Eclypsium intends to leverage this investment to expand its presence in North America, APAC, and other emerging markets prone to state-sponsored and ransomware attacks. The funding also aims to support initiatives in advancing supply chain security as reliance on AI-enabled devices continues to grow due to escalating global cybercrime pressures.
Sectors
- Cybersecurity
- Venture Capital
- Technology
Geography
- United States – Eclypsium is based in Portland, Oregon, and the article discusses its expansion within North America.
- Asia-Pacific – The statement about Eclypsium's planned expansion into APAC regions indicates the geographical scope of their future activities.
- Global – The global nature of the cybersecurity threats discussed in the article suggests a broader geographical relevance.
Industry
- Cybersecurity – The core business of Eclypsium specializes in device and firmware security, making them a significant player in the cybersecurity sector.
- Venture Capital – The involvement of multiple venture capital firms in the Series C funding round positions this article within the venture capital industry.
- Technology – Eclypsium's focus on securing AI compute hardware and other connected devices places their activities firmly within the technology industry.
Financials
- $45M – The amount raised by Eclypsium in their Series C funding round.
- $85M – The total amount of capital Eclypsium has raised post this Series C funding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eclypsium | Target Company | Company | An Oregon-based startup focused on firmware and device security, actively expanding in response to rising cyber threats. |
| Qualcomm Ventures | Investor | Company | A venture capital firm investing in Eclypsium's Series C funding round. |
| Pavilion Capital | Investor | Company | One of the new investors in Eclypsium's Series C funding round. |
| Singtel Innov8 | Investor | Company | Another new investor participating in the Series C funding round for Eclypsium. |
| Sixty Degree Capital | Investor | Company | One of the contributing new investors in the Series C funding round for Eclypsium. |
| Ten Eleven Ventures | Investor | Company | An existing backer participating again in Eclypsium's funding round. |
| Andreessen Horowitz | Investor | Company | A repeat investor in the Series C funding round for Eclypsium. |
| Madrona | Investor | Company | An existing investor in Eclypsium that has participated in the recent funding round. |