Insignary, a Sunnyvale, CA-based provider of open source security and compliance software, secured $2m in Series A funding.
Backers included Mega Investment, Samho Green Investment, and Innopolis Partners.
The company, which has raised $4m in total venture funding, intends to use the capital to to scale to meet the demand in the E.U, U.S. and Asia for businesses, managed service providers (MSP), resellers and auditors.
Led by Tae-Jin (TJ) Kang, CEO, Insignary provides a software-as-a-service (SaaS) and server-based security tool, Insignary Clarity™, which enables proactive scanning of software binaries for known, preventable security vulnerabilities, while also identifying potential license compliance issues.
The company uses fingerprint-based technology, which works on the binary-level without the need for source code or reverse engineering.
Insignary’s solution is used by software developers, value added resellers (VAR), systems integrators and security MSPs to oversee software deployments to take preventive action before software delivery.