Supply chain security firm Eclypsium raises $45m to combat rising cyber threats

January 29, 2025

Eclypsium, a company specialising in infrastructure supply chain security, has raised $45m in an oversubscribed Series C funding round.

The financing includes a combination of equity and debt and features new investors Qualcomm Ventures, Pavilion Capital, Singtel Innov8, and Sixty Degree Capital, alongside previous backers Ten Eleven Ventures, Andreessen Horowitz, and Madrona. This latest round brings Eclypsium’s total equity funding to $85m.

The firm has built a strong reputation for safeguarding commercial and federal critical infrastructure against sophisticated cyber threats, including those linked to nation-state actors.

With the new funding, Eclypsium aims to expand its operations in securing generative AI hardware and smart connected devices, a sector that remains underprotected. The company plans to strengthen its presence in North America and the APAC region while supporting markets that have recently been targeted by ransomware and state-sponsored cyberattacks. Additionally, Eclypsium intends to enhance its supply chain research lab, providing security assurance and certification services for industry partners and customers.

Qualcomm Ventures senior director Tushar Gupta, said, “As AI processing increasingly shifts towards edge devices, ensuring the security of these systems and the underlying infrastructure is of paramount importance. We believe Eclypsium, with its technology leadership and customer traction, is well positioned to help enterprises protect the digital supply chain

“Leveraging our leadership in AI at the edge, we’re thrilled to invest in Eclypsium to drive secure and intelligent computing across consumer and enterprise use cases.”

Eclypsium CEO and co-founder Yuriy Bulygin added, “The Cybersecurity and Infrastructure Security Agency (CISA) is urging security and IT leaders to mitigate critical vulnerabilities in infrastructure devices exploited by nation-state threat actors like Salt Typhoon, Volt Typhoon and ransomware groups.

“There is an urgent need to protect each organization’s foundational infrastructure from these threats. This funding will solidify our position as the market leader and fortify our commitment to delivering the most comprehensive platform to secure critical hardware, firmware and software within every customer’s supply chain.”