Bionic, a Palo Alto, Calif.- and Tel Aviv, Israel-based application intelligence company, emerged from stealth with $17m in funding.
The Series A round was led by Battery Ventures’ investors Dharmesh Thakker and René Bonvanie. Thakker is a Battery General Partner while Bonvanie is an Executive in Residence and CMO Emeritus of Palo Alto Networks. As part of the investment, Bonvanie joined Bionic’s Board of Directors which currently includes early investors Gili Raanan of Cyberstarts, and Michael Fey, former president of Symantec and Blue Coat. Additional investors in Bionic include Don Duet, former CTO at Goldman Sachs, Sameer Jain, former CIO of Barclays, and Ariel Maislos, founder of Passave and Anobit.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2019 by CEO Idan Ninyo and CTO Eyal Mamo, Bionic providesa a platform that gives enterprises the ability to understand and control the chaos created by the onslaught of application changes pushed to production every day. The solution is already used by IT, operations, and security teams at global financial services and technology companies.
Its application intelligence platform automatically reverses engineer applications, delivering a comprehensive inventory with architecture and dataflows, monitoring critical changes in production, and enabling developer guardrails to enforce architecture. Bionic is agentless and works across all environments, from on-premises monolithic applications to hosted cloud-native microservices.