Cybersecurity startup NetRise has raised $10 million in Series A funding to scale its platform focused on software supply chain security. This latest investment round was led by DNX Ventures and supported by Miramar Digital Ventures, Squadra Ventures, Sorenson Capital, and Talons Ventures, bringing the company’s total funding to nearly $25 million.
Founded in 2020 and based in Austin, Texas, NetRise is tackling a growing concern in enterprise IT environments: understanding and managing vulnerabilities buried within compiled code and firmware. As the number of cyberattacks targeting supply chain weaknesses grows, the need for deep visibility into the software components used in critical systems has become more urgent than ever.
Analyzing What Actually Runs — Not Just the Codebase
While many cybersecurity tools analyze source code, NetRise stands out by focusing on compiled code — the actual software running on a device. This gives organizations the ability to detect hidden vulnerabilities that may otherwise go unnoticed in open-source libraries or vendor-supplied software components.
NetRise’s core platform, called Supply Chain Detection and Response (SCDR), generates a detailed Software Bill of Materials (SBOM) for various devices and systems. This inventory allows security teams to track, manage, and secure every component of their software environment — including those embedded in IoT devices, routers, and industrial equipment.
A Critical Need in a Vulnerable Landscape
“More and more, depending on vendors, software libraries, and compiled code is the norm, and hackers know it,” said John Stewart, President of Talons Ventures. “NetRise’s focus on identifying weaknesses and vulnerabilities within compiled code brings the critical insight needed for embedded and firmware-based systems.”
With this rising reliance on third-party code and supply chain components, attacks like SolarWinds and Log4j have shown just how exposed organizations can be. NetRise’s platform helps companies continuously monitor their software stack and identify weaponized or exposed components — even those that are deeply embedded and often overlooked.
Solving the Software Asset Inventory Challenge
NetRise’s CEO and co-founder Thomas Pace emphasized the importance of visibility in modern cybersecurity:
“Every organization understands the value of an asset inventory — it’s critical security control #1. Yet almost no one has a software asset inventory, which is security control #2.”
With its detailed inventory of software components, NetRise equips organizations to meet regulatory requirements, reduce operational risk, and respond more effectively to emerging threats.
What’s Next for NetRise?
With fresh funding in hand, NetRise plans to expand its platform capabilities, grow its engineering and threat intelligence teams, and deepen integrations with enterprise security workflows. The company is also looking to broaden its market reach as more industries adopt zero-trust architecture and supply chain visibility mandates.
As software supply chain attacks continue to make headlines, NetRise’s innovative focus on compiled code analysis may prove to be a game-changing approach in the fight against hidden software threats.
