Israeli application intelligence startup Bionic has emerged from stealth after completing a $ 13 million Series A following a $ 4 million funding round.
Series A was led by Battery Ventures investors Dharmesh Thakker and RenÃ© Bonvanie. Thakker is a General Partner of Battery while Bonvanie is Executive in Residence and Marketing Director Emeritus of Palo Alto Networks. As part of the investment, Bonvanie joined Bionic’s board of directors, which currently includes initial investors Gili Raanan of Cyberstarts and Michael Fey, former chairman of Symantec and Blue Coat. Other investors in Bionic include Don Duet, former CTO of Goldman Sachs, Sameer Jain, former CIO of Barclays, and Ariel Maislos, founder of Passave and Anobit.
Bionic was founded in 2019 by CEO Idan Ninyo and CTO Eyal Mamo. Ninyo previously served in IDF Tech Unit 81 and was also an early employee of Magic Leap. Mamo was in IDF Unit 8200 and previously worked as Vice President R&D at Cymmetria.
Bionic has offices in Palo Alto and Tel Aviv and employs around 20 people. It is expected to recruit several dozen new employees following the new fundraising.
Bionic has developed a platform that gives businesses the ability to understand and control the many application changes pushed into production every day. Bionic is already helping IT, operations and security teams in global financial services and technology companies operate and protect applications more effectively. Bionic’s application intelligence platform automatically reverse-engineers applications, providing a complete inventory with architecture and data flows, monitoring critical changes in production, and enabling developers to enforce architecture .
âEnterprise application environments are becoming more and more complex as the pace of development continues to accelerate,â said Idan Ninyo, CEO and co-founder of Bionic. âBionic’s goal is to control application chaos. We do this by providing a holistic view of all applications and their architecture, filling gaps in visibility while enabling policy action and enforcement. “
âVery few companies have mastered their applications,â said Gili Raanan, general partner and founder of Cyberstarts and Sequoia Capital (Israel). the ubiquitous visibility and controls businesses need to reduce operational risk and address application security vulnerabilities before they are deployed to production.