Crosspoint invests in ReversingLabs to step up sales and marketing efforts
Crosspoint Capital Partners announced that it has led a Series B investment in ReversingLabs (the “Company”), a provider of technologies designed to protect software producers and buyers of enterprise software from the threat of chain attacks. software supply. Existing investor ForgePoint Capital and new investor Prelude, a Mercato Partners fund, join Crosspoint. The terms were not disclosed.
With the increase in sophisticated software supply chain cyber attacks such as implants, ReversingLabs offers the ability to assess the integrity of binaries, their components, and software creation processes with speed, accuracy and l scale required for today’s digital businesses. ReversingLabs has become an essential security solution for some of the world’s largest companies in the software, financial services, defense, retail and insurance industries.
The company’s products take advantage of a large and growing repository of malware, software implant samples and business models to identify even the most sophisticated attempts to manipulate build processes, software binaries and modules. dynamically loaded in modern software.
“The level of sophistication and complexity of cybersecurity attacks today means that organizations can no longer assume that their vendors’ software products are secure,” said Dr. Hugh Thompson, Managing Partner at Crosspoint.
“ReversingLabs offers a proactive and transparent approach to understanding the threats that exist in software, even in cases where you do not have access to the source code. We believe that scalable software inspection and validation processes are critical to software integrity, and we are excited to partner with ReversingLabs as they help businesses defend against advanced supply chain attacks. software.
“We are delighted to partner with Crosspoint, a company that brings deep industry knowledge and cybersecurity expertise,” said Mario Vuksan, CEO and Co-Founder of ReversingLabs.
“Business leaders are increasingly aware of the cyber risks associated with software vulnerabilities in their organizations. With the support of Crosspoint, I believe we can accelerate our work in helping businesses detect and prevent software threats that can significantly affect them.
Over the past year, there have been several high-profile incidents where attackers attempted to compromise companies through the software supply chain. These attacks highlight the need for a new generation of controls that can help validate the integrity of software and its components throughout the development, deployment and adoption lifecycle.
“As part of our Secure By Design initiatives, we have paid maximum attention to protecting the integrity of our software development and deployment pipeline, even against the most determined and sophisticated attackers,” said Sudhakar Ramakrishna, President and CEO of SolarWinds. “We are working to help set new standards for secure software development in the industry and ReversingLabs has since become an important part of our global efforts. “
The impact and prevalence of software supply chain attacks have elevated this problem to the highest levels of business and government. On May 12, 2021, President Biden introduced an executive order on improving national cybersecurity that specifically addresses software supply chain risks. This ordinance covers the mechanisms for assessing the integrity of the software supply chain, including the analysis of software nomenclatures (SBOM).
“We cannot afford to just assume that the packaged software we bring to government agencies and businesses is secure,” said Dr. John Zangardi, former CIO of the US Department of Homeland Security and acting CIO of the Department of Homeland Security. defense. “Tools like those created by ReversingLabs will be an essential part of managing software assurance and assessing the security, integrity and composition of the software supply chain. “
Greg Clark, Managing Partner at Crosspoint, adds that “Every organization, whether it’s an independent software vendor or a company that buys or uses software, needs controls to manage the attack surface. of the software supply chain and thwart the very real risk of tampering. This attack surface is nuanced and traditional approaches such as source code analysis are insufficient. Every part of the code, build, build, and deploy cycle should be checked. ReversingLabs is a great ally in the fight against these threats. Their solution is unique, very difficult to replicate, and extremely valuable.
Crosspoint’s investment will primarily be used to intensify ReversingLabs’ sales and marketing efforts as it expands its leadership position in software integrity. The company was recently named in the 2021 Top 10 Black Unicorns. The award, which recognizes cybersecurity companies with a potential market value of $ 1 billion, went to ReversingLabs’ new software assurance service. In addition, Mario Vuksan has been named one of the top 10 cybersecurity experts for 2021.