Investment: Bynario raises €2.1M
Cybersecurity company Bynario has raised €2.1 million in a pre-seed round led by 360 CapitalPartners to develop its AI-powered platform for identifying, prioritising and addressing software vulnerabilities.
The round included participation from Prana Ventures.
Bynario, co-founded by Alfredo Pesoli (CEO), is developing a suite of security products designed to help organisations manage software vulnerabilities across their systems, from code to production. The company combines AI with offensive security research to assess vulnerabilities and help security teams prioritise remediation.
Its researchers have applied advanced AI models in offensive security research; in a recent programme focused on Apple’s macOS Screen Sharing technology they uncovered previously unknown vulnerabilities that were disclosed to Apple and subsequently addressed through software fixes. Bynario says it is tackling a growing challenge as AI accelerates software development and vulnerability research, while organisations manage increasing numbers of applications, dependencies and third-party components.
The funding will be used to further develop Bynario’s security platform, expand its engineering team and support its work with enterprise customers.
“Defense at scale needs the same depth as offense. Attackers are fundamentally incentive-driven. As AI continues to reduce the cost of vulnerability research and exploitation, more exploitable vulnerabilities become attractive targets. The challenge for defenders is only becoming more acute.” — Alfredo Pesoli, co-founder and CEO
