Eclypsium, a Portland-based internet security business, announced on Tuesday that it has secured an additional $45 million in funding, which includes both new loans and investments. Since its establishment in 2015, the company claims that investors have contributed $85 million to its operations.
Eclypsium was founded by Yuriy Bulygin and Alex Bazhaniuk, two former Intel security researchers, to counter a new breed of cyberthreats. The corporation stated on Tuesday that it is concentrating on thwarting attacks, especially those from foreign nations, on companies and government organizations.
Of Eclypsium’s 90 employees, 15 work at its offices in downtown Portland.
Previous investors in Eclypsium include Madrona, Andreessen Horowitz, and Ten Eleven Ventures. On Tuesday, Qualcomm Ventures, Pavilion Capital, Singtel Innov8, and Sixty Degree Capital joined them as new backers.
According to data firm PitchBook, which included $35 million of Eclypsium’s most recent round in its accounting last year, venture capital investment in Oregon businesses dropped once further in 2024 to $555 million, its lowest level in seven years.
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