Fundraising Fox

RunSafe

Mclean, US · Founded 2015 · Delaware corporation · 41 employees on LinkedIn · 12 known investors

RunSafe Security develops cybersecurity software that hardens embedded systems and commercial/defense software against exploitation by disrupting the determinism attackers need to build reliable exploits. The company serves organizations across commercial and defense sectors seeking to protect mission-critical software and connected devices.

Also known as RunSafe Security · RunSafe Security, Inc.

Founders & leadership

RunSafe was founded in 2015 by Joseph M. Saunders.

JMJoseph M. Saunders
Joseph M. SaundersFounder and CEO
DBDoug Britton
Doug BrittonEVP
SFShane Fry
Shane FryChief Technology Officer
BSBill Stulb
Bill StulbNamed on SEC filing

Board

JAJoe Addiego
Joe Addiegoin𝕏Board directorInvestor at Alsop Louie Partners
PMPatricia Muoio
Patricia MuoioinBoard directorPartner at SINEWAVE VENTURES
KTKiersten Todt
Kiersten TodtBoard director
CF
Charles FoleyBoard director

Investors · 12

Also in the syndicate · 3

HyperLink VenturesIron Gate VenturesSineWave Venture Partnerslead

Reported raises · per SEC filings

Form D private placements

$23.8M disclosed across 4 of 5 rounds · 2018–2024

$12.4MraisedAug 2024 · 31 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Kiersten TodtDirector
  • Joe AddiegoDirector
  • Joseph M. SaundersExecutive Officer, Director
  • Patricia MuoioDirector
  • Charles FoleyDirector
  • Doug BrittonExecutive Officer, Director
Offering amount
$12.4M
Amount sold
$12.4M
First sale
May 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.4MraisedOct 2022 · 25 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Joe AddiegoDirector
  • Doug BrittonExecutive Officer, Director
  • Joseph M. SaundersExecutive Officer, Director
  • William K. StulbDirector
Offering amount
$1.4M
Amount sold
$1.4M
First sale
Mar 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$7.5MraisedFeb 2020 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Joseph M. SaundersExecutive Officer, Director
  • Joe AddiegoDirector
  • William K. StulbDirector
  • Doug BrittonExecutive Officer, Director
Offering amount
$7.5M
Amount sold
$7.5M
First sale
Nov 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.5MraisedMar 2018 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Doug BrittonExecutive Officer, Director
  • Bill StulbDirector
  • Joseph M. SaundersExecutive Officer, Director
  • Joe AddiegoDirector
Offering amount
$2.5M
Amount sold
$2.5M
First sale
Mar 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

RunSafe Security provides cybersecurity software for embedded systems and firmware, combining software supply chain transparency with runtime exploitability reduction. Its platform is organized into three modules that can be adopted individually or together: Identify, which generates build-time Software Bills of Materials (SBOMs) for C/C++ and firmware codebases, finds known vulnerabilities in libraries and dependencies, and scores risk reduction; Protect, which mitigates memory-based exploits such as return-oriented programming (ROP) chains and buffer overflows; and Monitor, which tracks software crashes at runtime to distinguish bugs from attacks and filter false positives for incident response.

The products are positioned for environments where conventional application security tooling struggles, including statically linked binaries, custom toolchains, and long-lived embedded systems. RunSafe states its tooling works with Yocto, QNX, Linux, VxWorks, and Windows builds, integrates with CI/CD pipelines and local build environments, and outputs CycloneDX-format SBOMs to support EU Cyber Resilience Act, FDA, and OEM security requirements. The company emphasizes that protection requires no source code changes and operates on existing binaries with minimal performance overhead.

RunSafe describes its customers as spanning aerospace and defense, energy and industrial automation, operational technology, transportation and automotive, medical devices, and high-tech manufacturing.

Founding story

RunSafe Security was founded by Joseph M. Saunders, who serves as Founder and CEO, and Doug Britton, who serves as Executive Vice President and Chief Strategy Officer and previously served as CTO. According to the company, the founders shared the observation that despite investment in perimeter defenses and continuous patching, critical systems remained vulnerable to sophisticated attacks. This led them to develop technology intended to deny attackers the determinism required to build reliable exploits. Saunders' prior background includes management consulting at PricewaterhouseCoopers, a director role at Thomson Reuters Special Services, and membership on the management team of TARGUSinfo; Britton previously founded Kaprica Security, which sold its Tachyon business to Samsung, and managed security research and exploit development programs at Lockheed Martin.

Business model

RunSafe sells a modular commercial software platform to organizations that build embedded products and critical infrastructure software. The Identify, Protect, and Monitor modules can be licensed separately or in combination, allowing customers to scale adoption. The products integrate into existing build and deploy toolchains rather than replacing them.

The company sells its security platform modules to commercial and defense organizations; specific pricing structures are not disclosed. RunSafe reported back-to-back years of tripling annualized revenue as of September 2024.

Traction

The company reports back-to-back years of tripling annualized revenue as of September 2024 and adoption by industry leaders including Vertiv, Lockheed Martin, GE Vernova, and the U.S. Army, Navy, and Air Force. Marketing materials cite average customer savings of $2.08 million per year from risk reduction, a 50% average increase in automated mitigation, and a 90% reduction in zero-day exposure. Employee count is listed in the 1-50 range.

Latest developments

In January 2026, RunSafe appointed Bob Lyle, previously CRO at Medcrypt, as Chief Revenue Officer. In March 2026 it was named a finalist for the 2026 SC Awards in Best Supply Chain Security Solution, and in April 2026 it released the 2026 Medical Device Cybersecurity Index, reporting that 24% of healthcare organizations experienced cyberattacks affecting medical devices, with 80% of those impacting patient care. In June 2026 the company received a Cybersecurity Stars Award for Best Embedded Security Platform from The Hacker News. In July 2026 it announced plans to demonstrate certifiable cybersecurity for aviation systems at DEF CON 34, and CEO Joseph M. Saunders was scheduled to address the U.S. connected vehicle rule at the Automotive Cybersecurity Summit 2026.

Full profile — market position, technology, go-to-market, geography, history

Market position

RunSafe positions itself as a specialist in memory safety and software supply chain risk identification, mitigation, and monitoring for embedded systems, targeting cases where patching or code rewrites are impractical. Third-party recognition includes a 2026 SC Awards finalist nomination for Best Supply Chain Security Solution and a Cybersecurity Stars Award for Best Embedded Security Platform from The Hacker News.

RunSafe emphasizes protection that requires no source code changes and no developer friction, operating on existing binaries with minimal performance overhead, in contrast to remediation approaches that require rewriting legacy code. Its SBOM generation is positioned for embedded and complex build environments—static linkage and custom toolchains—where the company says traditional SBOM tools fail.

Technology

RunSafe's core protection technique is load-time function randomization: software functions are dynamically relocated in memory each time the software is loaded, so every instance has a unique memory layout, making it difficult for attackers to predict function locations and neutralizing exploit techniques such as ROP and buffer overflow attacks. The process does not modify original source code and is described as preserving system performance. On the identification side, the platform generates SBOMs directly from the build process for C/C++ and firmware, including statically linked and mixed proprietary/open-source codebases, outputs CycloneDX formats, and quantifies vulnerabilities and risk reduction. A runtime monitoring component collects crash telemetry. The company states it holds 17 patents covering memory protection, software hardening, and cybersecurity techniques. An earlier-described patented technology was branded Alkemist.

Go-to-market

RunSafe engages prospects directly through consultations and expert contact on its website, and integrates into customers' existing build toolchains and CI/CD pipelines to reduce switching cost. It leverages regulatory drivers such as the EU Cyber Resilience Act, FDA requirements, OEM security mandates, and CISA secure-by-design guidance, and publishes research such as the Medical Device Cybersecurity Index. Executives appear at industry events including DEF CON and the Automotive Cybersecurity Summit. Corporate and strategic investors including BMW i Ventures and Lockheed Martin Ventures participate in its cap table.

Manufacturers and operators of embedded and safety-critical systems, including aerospace and defense, energy and industrial automation, operational technology, transportation and autonomy/automotive, medical devices, and high-tech manufacturing. Named users include Vertiv, Lockheed Martin, GE Vernova, and the U.S. Army, Navy, and Air Force.

Geography

Headquartered in McLean, Virginia, with offices in Huntsville, Alabama, and Munich, Germany. The 2024 Series B was intended to support market expansion into EMEA and APAC.

History

The company was founded in 2015 and is headquartered in McLean, Virginia. It announced a $12 million Series B financing round in September 2024, led by Critical Ventures and SineWave Venture Partners, intended to fund new product development and expansion into EMEA and APAC. Subsequent milestones reported by the company and press aggregators include the appointment of Bob Lyle as Chief Revenue Officer in January 2026, publication of the 2026 Medical Device Cybersecurity Index in April 2026, selection as a 2026 SC Awards finalist for Best Supply Chain Security Solution in March 2026, and a Cybersecurity Stars Award for Best Embedded Security Platform from The Hacker News in June 2026.

Compiled by commissioned research from 10 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annualized revenue growthSep 2024Back-to-back years of tripling annualized revenue
Average annual customer savings from risk reductionJan 2026$2.1M
Average customer savings per year from risk reductionJan 2026$2.1M
Average increase in automated mitigation by customersJan 202650%
Customer reduction in zero-day exposureJan 202690%
Employee count rangeJun 20261-50
Healthcare organizations reporting cyberattacks affecting medical devicesApr 202624%
Patents heldJan 202617 patents

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Netezza94 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Sentinel One85 shared keywordsSentinelOne provides an AI-powered cybersecurity platform for enterprises that integrates endpoint protection, threat detection, and incident response capabilities. The company serves large enterprises, including many Fortune 500 organizations, to protect against cyber threats at scale.
Palo Alto Networks81 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.
Crowdstrike79 shared keywordsCrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations. It combines automated response with human-led security operations including managed detection and response, threat hunting, and security services.
Safe Security63 shared keywordsSAFE Security provides an AI-driven platform for cyber risk management, covering third-party risk management (TPRM), continuous threat exposure management (CTEM), AI security posture management (AI-SPM), and cyber risk quantification (CRQ). It uses an agentic workflow engine with native integrations to serve enterprise organizations, including a portion of the Fortune 500.
Mend61 shared keywordsMend.io provides visibility and governance tools for identifying and managing shadow AI and software supply chain risks in organizations. The platform helps development teams and security practitioners secure AI and software dependencies across their systems.
Legit Security60 shared keywordsLegit Security provides an application security platform that helps organizations identify and manage software vulnerabilities and risks across their development environments. The platform serves enterprise security teams seeking to reduce alert fatigue and improve visibility into their application attack surface.
Wiz56 shared keywordsWiz provides cloud security platform that identifies and removes critical risks across multi-cloud environments. The company offers a unified security layer for organizations to manage risks and accelerate business operations on major cloud providers.
Sonatype55 shared keywordsSonatype provides software supply chain management and security solutions for managing open source software and AI dependencies. The company serves enterprise development teams by offering visibility, policy enforcement, and vulnerability management across the software development lifecycle.
Snyk55 shared keywordsSnyk is a developer-focused security platform that identifies and fixes vulnerabilities in code, dependencies, containers, and cloud infrastructure using AI-powered analysis. The company serves organizations of all sizes looking to integrate security into their software development process.

Companies competing with RunSafe for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2023$1.4M
U.S. Air ForceAir ForcePhase II2020$587.7K
U.S. Air ForceAir ForcePhase I2020$48.7K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 10

launches, deals, and filings
Jul 2026
RunSafe to demonstrate certifiable cybersecurity for aviation systems at DEF CON 34

source ↗

Jul 2026
CEO to address U.S. connected vehicle rule at Automotive Cybersecurity Summit 2026

source ↗

Jun 2026
Cybersecurity Stars Award for Best Embedded Security Platform

RunSafe Security received Best Embedded Security Platform recognition from The Hacker News.

source ↗

Jun 2026
Wins Cybersecurity Stars Award for Best Embedded Security Platform

Recognized by The Hacker News as Best Embedded Security Platform.

source ↗

Apr 2026
Release of the 2026 Medical Device Cybersecurity Index

RunSafe published research finding that 24% of healthcare organizations reported cyberattacks affecting medical devices, with 80% of those impacting patient care.

source ↗

Apr 2026
Releases 2026 Medical Device Cybersecurity Index

Research report finding 24% of healthcare organizations report cyberattacks affecting medical devices, with 80% impacting patient care.

source ↗

Mar 2026
Named finalist for 2026 SC Awards, Best Supply Chain Security Solution

source ↗

Mar 2026
Named 2026 SC Awards finalist for Best Supply Chain Security Solution

source ↗

Jan 2026
Bob Lyle appointed Chief Revenue Officer

RunSafe Security appointed Bob Lyle, formerly CRO of Medcrypt, as Chief Revenue Officer to support global growth.

source ↗

Sep 2024
RunSafe Security raises $12 million Series B

RunSafe Security announced the completion of a $12 million Series B financing round led by Critical Ventures and SineWave Venture Partners, with participation from BMW i Ventures, Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners. Proceeds were designated for new product development and expansion into EMEA and APAC.

$12M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
RunSafeDelaware

In the news

Research sources · 10

primary sources listed

10 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does RunSafe do?
RunSafe Security hardens embedded and legacy software against memory-based exploits and generates build-time SBOMs.
Who founded RunSafe?
RunSafe was founded by Joseph M. Saunders in 2015.
Who are RunSafe's investors?
RunSafe's investors include Alsop Louie Partners, SINEWAVE VENTURES, BMW i Ventures, Critical Ventures, Inner Loop Capital, IronGate Capital Advisors, NextGen Venture Partners, First In and 1 more.
How much funding has RunSafe raised?
RunSafe has disclosed $23.8M raised across 4 of its 5 known rounds.
Where is RunSafe headquartered?
RunSafe is headquartered in Mclean, US.