Bionic comes out of stealth with $13 million series A for application intelligence platform

Israeli application intelligence startup Bionic has emerged from stealth after completing a series A $13 million round on the back of a $4 million seed round.

The series A round was led by Battery Ventures’ investors Dharmesh Thakker and René Bonvanie. Thakker is a Battery General Partner while Bonvanie is an executive in residence and CMO Emeritus of Palo Alto Networks. As part of the investment, Bonvanie joined Bionic’s Board of Directors which currently includes early investors Gili Raanan of Cyberstarts, and Michael Fey, former president of Symantec and Blue Coat. Additional investors in Bionic include Don Duet, former CTO at 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 the Israeli army's Unit 81 specializing in tech and was also an early employee at Magic Leap. Mamo was in the IDF's Unit 8200 and previously worked as VP 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 funding round.

Bionic developed a platform that gives enterprises the ability to understand and control the many application changes pushed to production every day. Bionic is already helping IT, operations, and security teams at global financial services, and technology companies operate and protect applications more efficiently. Bionic’s application intelligence platform automatically reverse engineers applications, delivering a comprehensive inventory with architecture and dataflows, monitoring critical changes in production, and enabling developer guardrails to enforce architecture.

“Enterprise application environments are becoming increasingly complex as the pace of development only continues to accelerate," said Bionic CEO and co-founder Idan Ninyo. "Bionic is all about controlling application chaos. We do that by delivering a holistic view of all applications and their architecture, closing visibility gaps while enabling action and policy enforcement."

“Very few enterprises have a handle on their applications," said Gili Raanan, general partner and founder for Cyberstarts and Sequoia Capital (Israel). "Bionic has built a platform that is truly unique, using automation and advanced reverse engineering capabilities to deliver the pervasive visibility and controls enterprises need to reduce operational risk and remediate security gaps of applications before they are deployed to production.”