Foley & Lardner LLP represented Amsterdam’s Acrobator Ventures as one of the lead investors in the latest $3.6 million funding round for Binarly. Based in Los Angeles, California, Binarly is focused on firmware for the supply chain. WestWave Capital joined Acrobator as a lead investor in this round, which will help Binarly speed up R&D initiatives, expand its engineering team, and scale its technologies.
Binarly has developed a SaaS platform designed for firmware threat identification and response. The company says security teams use its solutions to identify vulnerabilities and malicious firmware modifications. Its platform can also be used to gain firmware SBOM visibility without access to source code. Binarly has also created technology for firmware vulnerability management and supply chain protection.
The Foley team was led by Partner Louis Lehot and Associate Alexander Ravski.
Foley’s Venture and Growth Capital Group understands the complex and diverse needs of both venture funds and their portfolio companies, offering a broad range of services at each stage of development. Foley’s attorneys have insight into the unique needs of high-growth companies.