$25M to accelerate arm testing, research, and development
We've raised a Series A round with our friends at Paladin and Cisco Investments.
2021 has been an incredible year for us. Like most of the world, it's been a year of change, hope, and growth. We've proudly welcomed hundreds of new businesses, government agencies, and security community professionals to our virtualization platform. And we’ve been expanding our developer and customer success teams as quickly as possible to support our fast pace of innovation.
Today, we're excited to announce that we've raised $25M in Series A funding led by our friends at Paladin Capital Group, Cisco Investments and a few other strategic supporters.
This equity-only round will be used to accelerate our growth, support partnership initiatives, and expand our platform to deliver a wider variety of virtual IoT devices.
For the last four years, our focus has been on creating an incredible security research tool for iOS and Android by bringing a better alternative to the mobile device emulator and device lab markets. While this is still a key focus for us, we're using this new funding to broaden our horizons, with the goal of becoming the go-to platform for testing, research, and development on all Arm-powered IoT devices - from routers to cars to robots.
“In a world of increasing security threats, malware attacks, and dynamic security regulations, effective full-stack system testing - apps, firmware, and hardware - is more critical and complex than ever. As the world’s 13 million Arm developers shift to DevSecOps, Corellium provides the tools they need in a scalable, repeatable, high-performance, high-accuracy, and cost-effective solution. We are excited to be partnering with Corellium in its next phase of growth as the company continues to expand its technical offerings.”
— Mourad Yesayan, managing director at Paladin Capital Group
Because our virtual models run natively on Arm, developers can run production code without making changes, and they run with native-like speed. Combined with our powerful security tools, our advanced virtual environment vastly improves and accelerates end-to-end development, testing, and security acceptance lifecycles on Arm. And to best meet our diverse customer needs, we offer our virtual platform as a Cloud service or as on-site server appliances.
"We know our customers need to be supported across hybrid processor environments. That’s why we are excited to invest in Corellium because it gives customers a new virtualized development paradigm, enabling effective penetration assessment, application testing, and security and threat intelligence research at scale.”
— Janey Hoe, VP Cisco Investments
We have big plans for 2022 and we’re grateful for the love and support of the security community and remain steadfastly focused on creating products that work like magic. ✨