Binalyze Secures $19 Million In Series A Funding

Cybersecurity firm will use the investment to accelerate the growth and development of its category-defining Digital Forensics and Incident Response (DFIR) platform.

Binalyze, a leading provider of cutting-edge Digital Forensics and Incident Response (DFIR) solutions, today announced it has raised a $19M Series A round of funding. This round was led by Molten Ventures with participation from existing investors, Earlybird Digital East and OpenOcean, and new strategic investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital.

With cyberattacks growing in sophistication and frequency, there is a critical need for efficient investigation solutions to reduce the average investigation time to just hours and put Security Operations Center (SOC) teams back on the offensive. IDC, State of DFIR Report states that current investigations average 26.1 days. Binalyze’s state-of-the-art AIR platform addresses this need, enabling enterprises and managed security services providers (MSSPs) to leverage speed, automation, collaboration, and unmatched forensic visibility.

Edel Coen, Principal, Molten Ventures said: “Investigation speed post-incident is crucial, but has been hampered by market fragmentation and complex IT systems. Binalyze flips this on its head, with rapid results via advanced automation and multi-platform support. This is a game-changer for SOCs after an attack, and we’re thrilled to back the team as they transform the DFIR market.”

This significant investment will enable Binalyze to advance its mission to deliver the most comprehensive, end-to-end DFIR investigation platform on the market for cloud and on-premise assets, leveraging:

  • Lightning-fast speed,
  • Advanced automation and integration capabilities, and
  • Efficiency-driving collaboration features.

When combined, these capabilities dramatically shorten the time required to complete incident response investigations – making often resource-strapped SOC teams more efficient and productive.


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“We are thrilled to have secured this substantial investment from such prestigious partners; the participation of Cisco, with its portfolio of cybersecurity solutions, along with the venture arms of Citi and Deutsche Bank, two global banking heavyweights, further underscores the credibility of our technology and team,” said Emre Tinaztepe, Founder and CEO of Binalyze.

Tinaztepe continued, “We have a shared vision for managing cyberthreats, and this is reflected in the confidence our investors have placed in our ability to revolutionize the DFIR landscape. This investment will enable us to enhance our platform’s capabilities further and bring its benefits to even more organizations – ultimately helping them to protect their critical data and assets better.”

Binalyze plans to use this next phase of its growth to strengthen its market outreach team, further its R&D efforts by integrating Artificial Intelligence/Machine Learning (AI/ML) into incident response processes, and amplify its worldwide customer support.

The investment has already enabled the upcoming October launch of Binalyze AIR 4.0 and its brand new Investigation Hub. As the heart of Binalyze’s intuitive DFIR platform, the Investigation Hub will enable security analysts and incident responders to investigate across hundreds of devices from a single dashboard – increasing speed, visibility and efficiency.

To learn more about the category-defining Binalyze platform, visit https://binalyze.com.

Press Contact:

Sam Aurilia, Touchdown PR

512-599-4015

binalyze@touchdownpr.com

Matthew Edwards

Head of Content and Communications                     

matthew.edwards@binalyze.com

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Alan Platt, Professional Services Consultant at MSAB, discusses his experience as a former UK police officer working in digital forensics. He talks about the different levels of digital forensics capabilities within police forces and how MSAB products like XAMN and XEC Director are used by frontline officers versus lab analysts.

The discussion covers how MSAB partners with law enforcement to develop custom workflows for mobile device acquisitions that facilitate ISO compliance. Alan explains MSAB's managed service offering, where approved MSAB staff can remotely access a customer's XEC Director server to assist with software updates and troubleshooting. He emphasizes the strict data segregation policies enforced by customers to prevent MSAB from accessing any sensitive case data.

Looking ahead, Alan mentions MSAB's new CEO and hints at some exciting developments coming down the pipeline. He spotlights recent enhancements to XEC Director's speed and database functionality for managing large estates of networked Kiosks. Alan also plugs the new XEC Director training he created to help users fully leverage the platform's capabilities.

00:00 – Introduction to Alan Platt
07:00 – Training
12:00 – Workflows
17:20 – Ensuring a secure environment
19:45 – Customer training
20:35 – Helping customers comply with ISO accreditation
25:00 – Validation and verification
27:30 – ISO standards
30:00 – MSAB’s pipeline plans
32:40 – XEC Director
43:45 – Privacy of user data

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