NetRise, a cybersecurity firm specialising in software supply chain risk management, has secured $10m in Series A funding to enhance its visibility and threat detection capabilities across software ecosystems.
The round was led by DNX Ventures, with continued backing from existing investors Miramar Digital Ventures, Sorenson Capital, Squadra Ventures, and Talons Ventures. This latest injection brings the company’s total funding to $24.8m.
NetRise provides organisations with a robust platform for inventorying software assets and identifying risks within their supply chains. Its core product generates a detailed software bill of materials (SBOM), offering deep insights into vulnerabilities within compiled code and firmware. The solution is designed for stakeholders across the software lifecycle — from developers and device manufacturers to enterprise security teams.
The new capital will help NetRise further its mission to close the growing security gap in software risk detection and response. The company plans to scale its platform, supporting proactive and continuous monitoring of embedded software components, with a particular focus on firmware.
Cybersecurity remains a major concern as more devices — from cars to network routers — become software-dependent. According to data from Verizon’s 2024 Data Breach Investigation Report, 15% of breaches involved supply chain vulnerabilities, a marked rise from 9% in the previous year. NetRise is positioning itself as a critical solution provider amid this rising threat landscape.
“Clarity of purpose, top caliber team, and relentless focused execution carry the day. More and more, depending on vendors, software libraries, and compiled code is the norm, and hackers know it,” Talons Ventures president John Stewart said. “NetRise’s focus on identifying weaknesses and vulnerabilities within compiled code brings the critical needed insight into embedded and firmware-based systems. This is the company, this is the team.”
“Every organization understands the value of an asset inventory, this is why it is critical security control #1, yet no one has a software asset inventory, even though it is critical security control #2,” NetRise co-founder & CEO Thomas Pace said. “The reason for this is that organizations have not had a way to build this software inventory from the ground up on their own, until now.”
“NetRise has quickly established itself as the leader in managing software supply chain risk for device manufacturers and enterprise organizations,” DNX Ventures managing partner Rio Maeda said. “Software supply chain security presents a unique set of challenges that too many organizations struggle with, and until now, the industry lacked an effective solution.”
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