Binalyze, a Tallinn, Estonia-based provider of Digital Forensics and Incident Response (DFIR) solutions, has raised $19 million in Series A funding. The round was led by Molten Ventures, with participation from existing investors Earlybird Digital East and OpenOcean, as well as new investors Cisco Investments, Citibank Ventures, and Deutsche Bank Ventures.
Founded in 2020 by Emre Tinaztepe, Binalyze provides a cloud-based DFIR platform that helps organizations collect, analyze, and respond to cyberattacks. The platform is designed to be easy to use, even for non-technical users, and it can be deployed on-premises or in the cloud. With the new funding, Binalyze plans to expand its market reach, further its R&D efforts, and improve its customer support. The company is also looking to integrate AI/ML into its platform to automate some of the tasks involved in DFIR.
