Crosspoint Capital Partners, a private equity firm focused on the cybersecurity, privacy and infrastructure software markets, has led a $56 million Series B investment in ReversingLabs, a provider of technology to protect software producers and enterprise software buyers against the threat of software supply chain attacks. Joining Crosspoint is existing investor ForgePoint Capital along with new investor Prelude, a Mercato Partners fund. Terms were not disclosed.
“The level of sophistication and complexity in today’s cybersecurity attacks means that enterprises can no longer assume that software products from their providers are safe,” said Hugh Thompson, managing partner at Crosspoint. “ReversingLabs provides a proactive and transparent approach to understanding the threats that exist within software even in cases where you don’t have access to source code. We believe scalable software inspection and validation processes are essential to software integrity, and we are excited to partner with ReversingLabs as they help enterprises defend against advanced software supply chain attacks.”
“We are thrilled to partner with Crosspoint, a firm that brings deep sector knowledge and expertise in cybersecurity,” said Mario Vuksan, CEO and co-founder of ReversingLabs. “Business leaders have become increasingly aware of the cyber risks associated with software vulnerabilities in their organizations. With Crosspoint’s support, I believe we can accelerate our work helping firms detect and prevent software threats that can materially impact them.”
“As an element of our Secure By Design initiatives, we’ve applied maximum attention to protecting the integrity of our software development and deployment pipeline from even the most determined and sophisticated attackers,” said Sudhakar Ramakrishna, president and CEO of SolarWinds. “We are working to help establish new standards for secure software development in the industry and ReversingLabs has since become an important part of our overall efforts.”
“We cannot afford to simply assume that the packaged software we bring into government agencies and enterprises is secure,” said John Zangardi, former CIO of the United States Department of Homeland Security and acting Department of Defense CIO. “Tools like the ones made by ReversingLabs will be a critical part of managing software assurance and assessing the security, integrity and composition of the software supply chain.”
Greg Clark, managing partner at Crosspoint, adds that “every organization, whether an ISV developing software or an enterprise procuring or using software, needs controls to manage the software supply chain attack surface and thwart the very real risk of tampering. This attack surface is nuanced, and traditional approaches like source code scanning are insufficient. Every part of the code, compile, build and deploy cycle needs to be checked. ReversingLabs is a great ally in the fight against these threats. Their solution is unique, very hard to replicate and immensely valuable.”