NetRise builds a platform that creates software asset inventories and generates software bills of materials (SBOMs) by analyzing compiled code and firmware to surface software supply chain risk. The platform is designed for device manufacturers, software producers, enterprise security teams, and federal government users to identify vulnerabilities, prioritize remediation, and enable rapid incident response. NetRise emphasizes analyzing compiled code rather than source code to deliver visibility into embedded and firmware-based systems. With the new funding the company plans to bring its solutions to a broader market and accelerate proactive, continuous monitoring of software components to identify and address threats. The company announced a $10M growth funding round that brings total funding to $24.8M. NetRise is based in Austin, Texas, and aims to improve compliance, third-party risk management, and operational efficiency for customers. NetRise is an Austin, TX-based company offering a cloud-based SaaS platform that provides visibility into the Extended Internet of Things (XIoT) security problem. Its platform analyzes and continuously monitors device firmware to enable device manufacturers and enterprise customers to detect, respond to, and prevent threats across supply chains. The company is led by co-founder and CEO Tom Pace. NetRise raised $8M in a funding round led by Squadra Ventures with participation from Miramar Digital Ventures, Sorenson Ventures and DNX Ventures. It plans to use the funds to expand platform capabilities, including coverage for Windows systems and containers, and to develop additional machine learning models for advanced analysis. By expanding coverage and analytics, NetRise intends to help customers understand what’s inside their devices and their entire software supply chain to identify risks and vulnerabilities.

Total raised

$18M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2025