McLean, Virginia-based RunSafe Security has announced that it has raised $6.3 million in Series A funding round. The round was led by Alsop Louie Partners. The round also saw the participation of new investors Working Lab Capital, Inner Loop Capital, and Renegade Ventures.
The fresh funding brings total funding to $8.7 million. The company now stands in a good position to aggressively expand its sales and marketing efforts. RunSafe will also be able to broaden and accelerate product development now.
Founded in 2015, RunSafe Security spun out of a research project for the Advanced Research Projects Agency of the Department of Defense. The company’s Alkemist product is an automated tool that can protect open source, in-house developed code, or even third-party binaries.
Joe Saunders, RunSafe Security’s founder and CEO said, “We founded RunSafe Security to disrupt hacker economics at the root cause in order to render cyber threats inert – and we are delighted with the widespread adoption of Alkemist across DevSecOps toolchains. My team and I are extremely gratified by the continued financial support of our initial investors in RunSafe Security and are thankful to our new investors for their support of our vision.”