Eclypsium Raises $25M to Expand Supply Chain Security Platform

Eclypsium just pulled in $25M, and it feels less like a funding round and more like someone quietly reinforcing the foundation while the rest of the market argues about paint colors.

PEAK6 Strategic Capital led the round, with participation from Ten Eleven Ventures and a top three U.S. bank that clearly knows where the real risk lives. Not in the app layer everyone demos, but down in the firmware, the silicon, the places most teams would rather not look because it is messy, technical, and brutally unforgiving. Total funding now sits north of $100M, which tells you this is no side quest.

Yuriy Bulygin and Alex Bazhaniuk did not start Eclypsium to chase headlines. They started it because they spent years inside the machine, at Intel and McAfee, seeing exactly where the ghosts hide. Firmware is not flashy. It does not trend. But it is where persistence lives, where attackers settle in like bad tenants who know the landlord never checks the basement.

John Ewert keeping the financial engine tight and Chris Radosh pushing global partnerships is not accidental either. You do not scale a company like this on vibes. You scale it on precision, timing, and knowing exactly which doors to knock on when the stakes are measured in national infrastructure, not monthly active users.

The play here is subtle but loud if you know how to listen. AI infrastructure is exploding, billions flowing into GPUs, servers, edge devices. Everyone is sprinting to build the future, and Eclypsium is standing there asking a simple question with a smirk: do you even know what you are running on?

That question lands harder in financial services, government, and critical infrastructure, where one compromised component is not a bug, it is a headline. This round is fuel to go deeper into those sectors, expand partnerships, and tighten their grip on a category most companies still treat like an afterthought.

There is a lesson sitting right under the surface. The companies that win are not always the loudest. They are the ones solving problems that do not go away. Supply chain security is not a feature. It is gravity. Ignore it if you want, but it is still there, pulling everything down to reality.