
Binarly is a firmware and software supply chain security company that offers the Binarly Transparency Platform. This AI-powered solution goes beyond identifying known vulnerabilities by understanding code execution to detect unknown vulnerabilities and malicious code. It helps organizations proactively manage vulnerabilities, identify transitive dependencies, and ensure license and cryptographic security. The platform integrates with CI/CD for continuous assessment and reporting, providing prescriptive fixes for resolution. Binarly's research-driven approach and expertise in uncovering advanced threats, including the discovery of LogoFAIL, position it as a leader in decoding the software supply chain.

Binarly is a firmware and software supply chain security company that offers the Binarly Transparency Platform. This AI-powered solution goes beyond identifying known vulnerabilities by understanding code execution to detect unknown vulnerabilities and malicious code. It helps organizations proactively manage vulnerabilities, identify transitive dependencies, and ensure license and cryptographic security. The platform integrates with CI/CD for continuous assessment and reporting, providing prescriptive fixes for resolution. Binarly's research-driven approach and expertise in uncovering advanced threats, including the discovery of LogoFAIL, position it as a leader in decoding the software supply chain.
Founded: 2021 (U.S.-based, California)
Flagship product: Binarly Transparency Platform — AI-powered binary analysis for firmware and software supply chain security
Funding: Raised ≈ $14.1M across disclosed seed rounds
Founders: Alex Matrosov (Founder & CEO) and Claudiu Teodorescu (Co‑founder)
Research impact: Binarly Lab disclosed nearly 500 vulnerabilities, including LogoFAIL
Team size: ≈ 45 employees
Firmware and software supply chain security, binary-level vulnerability detection and supply-chain transparency.
2021
Software and firmware supply chain security
3.6M USD
Initial disclosed seed round; included additional cybersecurity leaders via Emerging Ventures.
10.5M USD
Described as an oversubscribed seed financing; participants included Blu Ventures, Canaan Partners, Cisco Investments, Liquid 2 Ventures, with Westwave Capital and Acrobator Ventures increasing positions.
“Backed by venture firms and strategic investors including Two Bear Capital, Cisco Investments, Canaan Partners, Liquid 2 Ventures, Westwave Capital, and Acrobator Ventures.”