Eclypsium Raises $45M to Bolster Supply-Chain Security Amid State-Sponsored Cyber Threats

Eclypsium, a cybersecurity firm based in Portland, Oregon, has raised $45 million in a Series C funding round led by Ten Eleven Ventures. The funding comes as a response to increasing threats to supply-chain security, highlighted by recent state-sponsored cyberattacks on critical infrastructure in the United States. Eclypsium's platform provides extensive scanning of hardware, firmware, and software components, allowing clients, including government agencies, to identify and mitigate potential vulnerabilities across their IT infrastructures. Founded in 2017 by Yuriy Bulygin, a former Intel researcher, and Alex Bazhaniuk, Eclypsium emerged as a leader in securing the 'invisible' layers of technology that traditional security measures often overlook. This approach is becoming crucial as adversaries increasingly target infrastructure hardware. The urgency for reinforced cybersecurity is further underscored by the growing complexities introduced by AI infrastructure, as detailed by industry experts and supported by major government contracts.