Digital forensics and incident response solutions startup Binalyze OÜ today announced that it has raised $19 million in new funding to advance its mission to deliver a comprehensive DFIR investigation platform for cloud and on-premises assets.

Founded in 2018, Binalyze offers digital forensic tools that assist enterprises in understanding the full extent of cyber breaches. The company’s solutions are claimed to provide innovative new ways to incorporate digital forensics and incident response into the corporate security posture.

The Binalyze IREC Engine collects digital forensic evidence from any endpoint in a network, with the company’s AIR management console able to collect 350 different types of evidence in under 10 minutes. The compromise assessment generated allows users to find the relevant events in the gathered digital evidence more quickly and with fewer resources using DRONE, a rapid assisted compromise assessment module. DRONE includes more than 20 modular analyzers along with keyword, YARA and Sigma searching.

Once compromises are documented and analyzed, Binalyze’s platform allows users to move from forensic evidence acquisition and findings to rapid triage across a network directly from the AIR management console. The triage capabilities are said to dramatically reduce Mean Time to Remediation by scanning concurrently from a single remote console and delivering “Auto Actions.”

The platform also includes investigation timelines — comprehensive event timelines that expand the scope of timelines as the investigation proceeds to reach the correct conclusions quickly.

The Series A round was led by Molten Ventures LLP, with Earlybird Digital East Fund I GmbH, OpenOcean Capital Management Pte. Ltd., Cisco Investments Inc., Citibank Global Corporate Investments Inc. and Deutsche Bank Ventures also participating. Including the new funding, Binalyze has raised $30.8 million to date, according to data from Crunchbase.

“Investigation speed post-incident is crucial, but has been hampered by market fragmentation and complex IT systems,” Edel Coen, principal at Molten Ventures, said ahead of the announcement. “Binalyze flips this on its head, with rapid results via advanced automation and multiplatform support.”

Binalyze plans to use the new funding to strengthen its market outreach team, further its research and development efforts by integrating artificial intelligence and machine learning into incident response processes and amplify its worldwide customer support.

Image: Binalyze