Crosspoint Capital Partners, a private equity firm specializing in cybersecurity, privacy, and infrastructure software, announced that it led a Series B funding in ReversingLabs, the global company of technology to secure software producers and business software buyers from the risk of software supply chain cyberattacks. ForgePoint Capital, an existing investor, has joined Crosspoint, as has Prelude, a Mercato Partners vehicle. The terms of the deal were not disclosed.
With the emergence of advanced supply chain hacks like implants, ReversingLabs provides the capability to analyze the integrity of binaries, their constituent elements, and software build processes with the speed, accuracy, and scale that today’s digital organizations demand. In the software, defense, retail, financial services and insurance industries, ReversingLabs has become an important security solution for some of the world’s largest companies.
“The level of sophistication and complexity in today’s cybersecurity attacks means that enterprises can no longer assume that software products from their providers are safe. ReversingLabs provides a proactive and transparent approach to understanding the threats that exist within software even in cases where you don’t have access to source code. We believe scalable software inspection and validation processes are essential to software integrity, and we are excited to partner with ReversingLabs as they help enterprises defend against advanced software supply chain attacks,” said Dr. Hugh Thompson, Managing Partner at Crosspoint.
“We are thrilled to partner with Crosspoint, a firm that brings deep sector knowledge and expertise in cybersecurity. Business leaders have become increasingly aware of the cyber risks associated with software vulnerabilities in their organizations. With Crosspoint’s support, I believe we can accelerate our work helping firms detect and prevent software threats that can materially impact them,” said Mario Vuksan, CEO and Co-Founder of ReversingLabs.
“As an element of our Secure By Design initiatives, we’ve applied maximum attention to protecting the integrity of our software development and deployment pipeline from even the most determined and sophisticated attackers. We are working to help establish new standards for secure software development in the industry and ReversingLabs has since become an important part of our overall efforts,” said Sudhakar Ramakrishna, President and CEO of SolarWinds.
“Every organization, whether an ISV developing software or an enterprise procuring or using software, needs controls to manage the software supply chain attack surface and thwart the very real risk of tampering. This attack surface is nuanced, and traditional approaches like source code scanning are insufficient. Every part of the code, compile, build and deploy cycle needs to be checked. ReversingLabs is a great ally in the fight against these threats. Their solution is unique, very hard to replicate and immensely valuable,” said Greg Clark, Managing Partner at Crosspoint.
Crosspoint’s funding will primarily be utilized to boost ReversingLabs sales and marketing operations.