Cybersecurity startup Virsec raises $100M in round led by BlueIO

Cybersecurity startup Virsec Systems Inc. disclosed today that it has raised $100 million in new funding to hire more people, meet product demand and build out its customer support model.

BlueIO led the Series C round. Other investors included Allen & Co., Arena Holdings, Intuitive Venture Partners, JC2 Ventures, Artiman Ventures, Quantum Valley Investments, Marker Hill Capital and a number of individual investors.

Founded in 2015, Virsec offers a platform that protects critical application workloads from the inside. The service protects processes in memory and pinpoints attacks in real-time.

Designed to stop sophisticated attacks at the first point of insurgence, the Virsec Security Platform is pitched as making sure adversaries don’t have time in software to execute their malicious plans. The platform uses “AppMap” technology that maps acceptable application execution and instantly detects deviations caused by attacks.

The company claims VSP is the only solution that can truly eradicate threats to the software workload at runtime, in real time, while reducing the cost of security operations. The platform covers enterprise applications, legacy apps, cloud workloads and critical systems.

“Virsec developed an unprecedented, radical and multipatented approach to fully protect software while it is executing, regardless of its environment,” Dave Furneaux, chief executive officer of Virsec, said in a statement. “We are able to provide our customers a ‘golden image’ of their software, bugs and all, and therefore we instantaneously detect and stop attacks before they happen.”

Individual investors in the funding round include former Cisco Systems Inc. CEO John Chambers, former EMC Corp. CEO Mike Ruettgers and a number of former high-ranking government and intelligence officials.

Including the new funding, Virsec has raised $137 million to date.

Image: Virsec/YouTube