Bionic, an application security posture management platform, has closed a USD65 million Series B funding round led by New York-based global private equity and venture capital firm Insight Partners.
Existing investors, Cyberstarts, and Battery Ventures also participated in the round.
Bionic will use this new funding to expand investment in R&D and scale its rapidly growing sales and customer success teams.
Since launching from stealth in December 2020, Bionic has experienced significant growth and helped dozens of customers such as GSK, Armis, Chipotle, Freddie Mac, and Inspire Brands significantly accelerate their digital transformation projects and de-risk their application security posture. Bionic provides its customers with complete visibility and continuous monitoring of their applications, services, and APIs while detailing data flows, and attack surfaces.