Corellium on Monday announced the completion of a $25M Series A investment round, led by Paladin Capital Group, with participation from Cisco Investments and other strategic investors.
With this investment, Corellium will accelerate R&D to support skyrocketing customer demand and expand its go-to-market and partner ecosystem initiatives. Over the last two decades, virtualization has transformed server and desktop computing. Corellium is bringing that same revolution to the next generation of Arm-based mobile and IoT devices. This means step-function improvement in the research, development, and security testing of Linux, Android, and iOS apps and devices.
With more than 400 customers including numerous Fortune 500 companies, Corellium has proven the need for better DevSecOps processes for mobile and IoT computing technologies.
Unlike Intel-powered computers and servers, the vast majority of new mobile and IoT devices are powered by Arm processors. Corellium’s Arm-native cloud platform enables developer and security teams to run highly accurate, scalable, and performant full-stack virtual models of mobile apps, OS firmware, and device hardware. Because the models run natively on Arm, developers can run production code without making changes, and they run with native-like speed. Combined with Corellium’s powerful developer tool sets, the advanced virtual environment vastly improves and accelerates end-to-end development, testing, and security acceptance lifecycles.
To further strengthen its enterprise and developer go-to-market strategies, Corellium is also announcing the appointment of Mark Templeton, former CEO of Citrix, to its Board of Directors, and the hiring of Anthony Ricco, former CMO of DigitalOcean, to its executive leadership team as Chief Marketing Officer.
Amanda Gorton, CEO of Corellium
In only a few years, Corellium has established itself as a leader for research, development, and security testing of Arm-powered devices and apps - from mobile to IoT. It’s a testament not only to the strength of our technology, but the eagerness of the market to change the way this important work is done.
Janey Hoe, vice president, Cisco Investments
We know our customers need to be supported across hybrid processor environments. That’s why we are excited to invest in Corellium because it gives customers a new virtualized development paradigm, enabling effective penetration assessment, application testing, and security and threat intelligence research at scale.
