NetRise Secures $10 Million to Fortify Software Supply Chain Security
April 17, 2025, 3:36 am
Location: United States, Texas, Austin
Employees: 11-50
Founded date: 2020
Total raised: $18M
In a world where software is the backbone of modern business, security has become paramount. NetRise, a software supply chain security startup based in Austin, Texas, has just raised $10 million in Series A funding. This investment is a lifeline for organizations navigating the treacherous waters of cybersecurity.
Founded in 2020, NetRise has quickly carved a niche in the realm of software supply chain security. Its platform offers a beacon of hope for companies grappling with the complexities of software vulnerabilities. The startup's mission is clear: to illuminate the often-overlooked risks within software ecosystems.
The funding round was led by DNX Ventures, with support from existing investors like Miramar Digital Ventures, Sorenson Capital, Squadra Ventures, and Talons Ventures. This influx of capital brings NetRise's total funding to $24.8 million, a testament to the growing recognition of the importance of software security.
NetRise’s platform focuses on software bill of materials (SBOM) management. Think of SBOM as a detailed recipe for software. It lists all the ingredients—software components—that make up a product. By generating, ingesting, and enriching SBOMs, NetRise enables organizations to understand their software's composition. This insight is crucial for tracking dependencies and identifying known vulnerabilities.
In a landscape where cyber threats are as common as rain, the ability to monitor software components continuously is invaluable. NetRise’s platform scans various threat intelligence sources, including the National Vulnerability Database and the Cybersecurity and Infrastructure Agency’s Known Exploited Vulnerabilities catalog. This proactive approach allows organizations to detect emerging threats and respond swiftly, akin to a lighthouse guiding ships away from rocky shores.
One of the standout features of NetRise’s offering is its artificial intelligence-powered tool, NetRise Trace. This tool acts like a magnifying glass, allowing users to perform natural language searches across their software inventory. It simplifies the process of locating specific components or vulnerabilities, making it easier for organizations to manage their software security.
The urgency for such solutions is underscored by the increasing reliance on third-party vendors and software libraries. As organizations integrate more external code into their systems, the attack surface expands. Hackers are well aware of this trend, making it essential for companies to bolster their defenses. NetRise’s focus on identifying weaknesses in compiled code provides critical insights into embedded and firmware-based systems.
The implications of this funding extend beyond just financial support. It signals a shift in how organizations approach cybersecurity. The traditional methods of source code analysis often miss vulnerabilities lurking in compiled code. NetRise’s platform fills this gap, offering a more comprehensive assessment of potential risks.
Moreover, the investment allows NetRise to enhance its capabilities further. With the new funds, the company aims to evolve its security approach, emphasizing proactive and continuous monitoring. This shift is akin to moving from a reactive stance to a proactive defense, where organizations can anticipate threats rather than merely respond to them.
The benefits of NetRise’s platform are manifold. Enhanced security means organizations can reduce the impact of cyberattacks by identifying and mitigating vulnerabilities before they can be exploited. Improved compliance fosters customer trust, as device manufacturers can demonstrate adherence to industry regulations. Increased operational efficiency allows customers to prioritize remediation efforts, focusing on vulnerabilities that pose the greatest risk.
As the digital landscape continues to evolve, so too do the threats that accompany it. The rise of remote work, cloud computing, and IoT devices has created a perfect storm for cybercriminals. Organizations must adapt to this new reality, and NetRise is positioning itself as a key player in this transformation.
The cybersecurity landscape is crowded, but NetRise stands out. Its innovative approach to software supply chain security is not just a response to current threats; it’s a proactive strategy for the future. By focusing on the vulnerabilities within compiled code, NetRise is addressing a critical need in the market.
In conclusion, the $10 million funding round is more than just a financial boost for NetRise. It represents a commitment to enhancing software supply chain security at a time when it is needed most. As organizations continue to navigate the complexities of cybersecurity, solutions like those offered by NetRise will be essential. The company is not just building a platform; it is forging a path toward a more secure digital future. With its innovative tools and proactive approach, NetRise is poised to lead the charge in safeguarding the software that powers our world.
Founded in 2020, NetRise has quickly carved a niche in the realm of software supply chain security. Its platform offers a beacon of hope for companies grappling with the complexities of software vulnerabilities. The startup's mission is clear: to illuminate the often-overlooked risks within software ecosystems.
The funding round was led by DNX Ventures, with support from existing investors like Miramar Digital Ventures, Sorenson Capital, Squadra Ventures, and Talons Ventures. This influx of capital brings NetRise's total funding to $24.8 million, a testament to the growing recognition of the importance of software security.
NetRise’s platform focuses on software bill of materials (SBOM) management. Think of SBOM as a detailed recipe for software. It lists all the ingredients—software components—that make up a product. By generating, ingesting, and enriching SBOMs, NetRise enables organizations to understand their software's composition. This insight is crucial for tracking dependencies and identifying known vulnerabilities.
In a landscape where cyber threats are as common as rain, the ability to monitor software components continuously is invaluable. NetRise’s platform scans various threat intelligence sources, including the National Vulnerability Database and the Cybersecurity and Infrastructure Agency’s Known Exploited Vulnerabilities catalog. This proactive approach allows organizations to detect emerging threats and respond swiftly, akin to a lighthouse guiding ships away from rocky shores.
One of the standout features of NetRise’s offering is its artificial intelligence-powered tool, NetRise Trace. This tool acts like a magnifying glass, allowing users to perform natural language searches across their software inventory. It simplifies the process of locating specific components or vulnerabilities, making it easier for organizations to manage their software security.
The urgency for such solutions is underscored by the increasing reliance on third-party vendors and software libraries. As organizations integrate more external code into their systems, the attack surface expands. Hackers are well aware of this trend, making it essential for companies to bolster their defenses. NetRise’s focus on identifying weaknesses in compiled code provides critical insights into embedded and firmware-based systems.
The implications of this funding extend beyond just financial support. It signals a shift in how organizations approach cybersecurity. The traditional methods of source code analysis often miss vulnerabilities lurking in compiled code. NetRise’s platform fills this gap, offering a more comprehensive assessment of potential risks.
Moreover, the investment allows NetRise to enhance its capabilities further. With the new funds, the company aims to evolve its security approach, emphasizing proactive and continuous monitoring. This shift is akin to moving from a reactive stance to a proactive defense, where organizations can anticipate threats rather than merely respond to them.
The benefits of NetRise’s platform are manifold. Enhanced security means organizations can reduce the impact of cyberattacks by identifying and mitigating vulnerabilities before they can be exploited. Improved compliance fosters customer trust, as device manufacturers can demonstrate adherence to industry regulations. Increased operational efficiency allows customers to prioritize remediation efforts, focusing on vulnerabilities that pose the greatest risk.
As the digital landscape continues to evolve, so too do the threats that accompany it. The rise of remote work, cloud computing, and IoT devices has created a perfect storm for cybercriminals. Organizations must adapt to this new reality, and NetRise is positioning itself as a key player in this transformation.
The cybersecurity landscape is crowded, but NetRise stands out. Its innovative approach to software supply chain security is not just a response to current threats; it’s a proactive strategy for the future. By focusing on the vulnerabilities within compiled code, NetRise is addressing a critical need in the market.
In conclusion, the $10 million funding round is more than just a financial boost for NetRise. It represents a commitment to enhancing software supply chain security at a time when it is needed most. As organizations continue to navigate the complexities of cybersecurity, solutions like those offered by NetRise will be essential. The company is not just building a platform; it is forging a path toward a more secure digital future. With its innovative tools and proactive approach, NetRise is poised to lead the charge in safeguarding the software that powers our world.