Tallinn, ESTONIA – February 18, 2021 – Binalyze, the leading provider of advanced Digital Forensics and Incident Response (DFIR) solutions, today announced it has raised €1.5 million in seed funding led by Earlybird Digital East Fund. The funding will be used to accelerate the company’s growth and expansion across the US and Europe.
This investment round, and in particular the participation of Earlybird, an early investor in multi-billion dollar companies in the region such as UiPath and Peak, reaffirms Binalyze’s potential to disrupt the DFIR market and replace the incumbent solutions. With its unique approach, Binalyze provides the market’s fastest and most comprehensive evidence collection, triage, enterprise forensics, and Incident Response (IR) investigation platform.
“Today, speed is the number one priority for every business. Recent studies demonstrate it takes just a few hours for a threat actor to get what they need once they find a gap in your systems,” commented Emre Tinaztepe, CEO and Founder of Binalyze. “With a single click, Binalyze AIR creates a well-structured digital forensics report in under 10 minutes. Even better, you can fully automate this process by integrating AIR with any SIEM/SOAR solution on the market!”
“Enterprise Forensics is a relatively new and quickly developing domain,” said Tinaztepe. “It unlocks traditional digital forensics processes and tools for use at scale within corporations of all sizes. This new capability adds additional resilience to your security posture by shortening the dwell time from breach to remediation. Our mission at Binalyze is to continue innovating in and defining the Enterprise Forensics.”
The recent addition of the TimelineIR and Patrol product modules signals the continuation of an ambitious development roadmap that will redefine digital forensics. The additional capital provided by Earlybird Digital East will enable Binalyze to accelerate product development and build out global infrastructure and service capabilities to complement its world-class engineering team.
“With smarter cyber-attacks, the rising number of endpoints, and remote working becoming the default, enterprises need continuous breach detection and rapid incident response to prevent disasters” said Mehmet Atici, Partner at Earlybird Digital East. “Existing solutions in the market fall short of expectations when it comes to speed, precision, and automation capabilities. Binalyze solves a critical pain point by enabling enterprises and managed service providers to rapidly and remotely collect forensically sound evidence and automate incident response.”
“We are excited to partner with Emre and the Binalyze team on their journey to become a category-defining player in the emerging DFIR market.”
Founded in 2018, Binalyze has quickly earned a reputation within the DFIR community as a trusted and innovative company. The company aims to create simple, smart, and high-performance solutions that meet modern Digital Forensics and Incident Response needs. Binalyze’s team of researchers and security experts is redefining Enterprise Forensics for the benefit of businesses worldwide.
Founded by Emre Tinaztepe, the company has grown to a team of 20 with headquarters in Estonia and an office in the US. For more information, visit https://www.binalyze.com/
About Earlybird Digital East
Earlybird Digital East invests in ambitious technology ventures hailing from Emerging Europe. With over $400m in committed capital, the firm’s portfolio includes some of the most successful startups in the region, including UiPath. Earlybird Digital East is one of the three autonomous, dedicated, and specialized teams within the Earlybird family, which currently has over $1 billion under management, seven IPOs, and 24 trade sales. Further information is available at https://www.earlybird.com