Bionic comes out of stealth with $13 million series A for application intelligence platform
The Israeli startup developed a platform that gives enterprises the ability to understand and control the many application changes pushed to production every day
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.
“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.”