BMW i Ventures Announces Investment in RunSafe Security to Bolster Cybersecurity for Critical Infrastructure

BMW i Ventures today announced its participation in a $12 million Series B funding round for RunSafe Security, a leading cybersecurity firm specializing in software immunization. The investment round was led by Critical Ventures and SineWave Venture Partners and also includes Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners.

Kasper Sage, Managing Partner at BMW i Ventures, stated, 'Memory attacks pose an increasing threat to embedded systems within connected devices. RunSafe's cybersecurity technology immunizes memory-based systems from unknown vulnerabilities and future attacks. BMW i Ventures is committed to advancing safety and security measures across the automotive supply chain and beyond and is excited to partner with Joe and the RunSafe team to support their mission.'

'This investment round will enable us to accelerate our efforts in delivering innovative solutions that protect critical systems from cyber attacks, without the need for extensive code rewrites,' said RunSafe CEO, Joe Saunders.

'RunSafe's products have been adopted by industry leaders such as Vertiv, Schneider Electric, and GE Aviation, as well as esteemed branches of the U.S. military, including the Army, Navy, and Air Force,' added Saunders. 'With the expansion of the RunSafe Security Platform, we solidified our position as cybersecurity crusaders, offering automated solutions for SBOM generation, vulnerability identification, and exploit prevention and remediation for embedded software deployed throughout critical infrastructure.'

This investment further solidifies BMW i Ventures' position as a key player in driving innovation and security within the automotive industry and beyond.

Photo credit: BMW
posted on conceptcarz.com

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