Cybersecurity company NetRise, a specialist in software supply chain risk management, has raised $10 million in Series A funding to expand its capabilities in software ecosystem visibility and threat detection.
The funding round was led by DNX Ventures, with continued support from existing investors Miramar Digital Ventures, Sorenson Capital, Squadra Ventures, and Talons Ventures. This latest round brings NetRise’s total funding to $24.8 million.
NetRise offers a cutting-edge platform designed to help organizations inventory software assets and detect vulnerabilities throughout their supply chains. At the heart of its offering is the generation of comprehensive Software Bills of Materials (SBOMs), which provide critical insight into risks embedded in compiled code and firmware. The platform is tailored to serve a wide range of stakeholders, including software developers, device manufacturers, and enterprise security teams.
With the new capital, NetRise plans to accelerate the development of its platform, enabling proactive and continuous monitoring of embedded software — with a particular emphasis on firmware security, an area often overlooked in traditional cybersecurity strategies.
The company’s mission comes at a crucial time, as supply chain threats continue to rise. According to Verizon’s 2024 Data Breach Investigations Report, 15% of security breaches in the past year were linked to vulnerabilities in the supply chain — up from 9% the previous year. As more devices across industries rely heavily on software, NetRise is positioning itself as a vital defense in the escalating battle against cyber threats.
