Application Security Posture Management Funding: Bionic Raises $65 Million
Bionic, an application security posture management (ASPM) platform provider, has raised $65 million in a Series B funding round. The company will use the funding to further invest in research and development and scale its sales and customer success teams, according to a prepared statement.
Previously, Bionic raised $17 million in Series A funding in December 2020. The company also emerged from stealth at this time.
How Does Bionic’s ASPM Platform Work?
Bionic’s platform continuously collects application artifacts and creates an inventory of all of an organization’s applications, services, message brokers and databases, the company said. It is agentless, integrates with existing provisioning and DevOps tools and can be deployed within minutes on premises, virtually, in the cloud or in Kubernetes containers, the company asserts.
Organizations can use Bionic’s platform for visibility and monitoring of their applications, services, APIs, data flows and attack surfaces, the company indicated. In doing so, they can analyze the architecture of applications as they evolve and change in production and reduce security, data privacy and operational risk.
Furthermore, organizations can leverage Bionic’s platform in continuous integration and continuous development pipelines, the company noted. That way, they can detect risks in application layers and code in production.
Bionic vs. Cloud Security Posture Management (CSPM)
Bionic is quick to describe how its platform differs from CSPM tools like Lacework, Wiz, and Prisma Cloud. Those third-party offerings are good at infrastructure and cloud security, Bionic concedes. But those offerings do not visualize and secure the application-layer and code, Bionic asserts.
So what’s next? We’ll be watching to see if or how Bionic seeks to engage MSPs and MSSPs that have application security practices. So far, we have not seen Bionic make any documented moves into the MSP/MSSP partner ecosystem.