Red Balloon Security - About the company
Red Balloon Security is a series A company based in New York City (United States), founded in 2012 by Ang Cui and Salvatore Stolfo. It operates as an Embedded security solutions protecting critical devices from cyber attacks. Red Balloon Security has raised $21.9M in funding from Bain Capital Ventures. The company has 339 active competitors, including 90 funded and 40 that have exited. Its top competitors include companies like Armis, Afero and Keyfactor.
Company Details
Embedded security solutions protecting critical devices from cyber attacks. Specializing in firmware hardening, runtime protection, and runtime monitoring, the company secures embedded systems against evolving cyber threats. They offer security consulting, FPGA security, and automated hardware reversing services. Their solutions cater to industries like industrial, electrical grid, automotive, defense, and aerospace, including UAS hardening. They provide static firmware hardening to reduce attack surfaces and dynamic runtime monitoring to detect and prevent cyber events. Services include embedded device assessment and bitstream/binary analysis. The company advances research in embedded security, offering advanced on-device security with real-time detection. They provide software and SaaS solutions for critical infrastructure.
- Website
- redballoonsecurity.com
- Social
Key Metrics
Founded Year
2012
Location
New York City, United States
Stage
Series A
Total Funding
$21.9M in 4 rounds
Latest Funding Round
Investors
Ranked
31st among 339 active competitors
Employee Count
34 as on Sep 30, 2026
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Red Balloon Security's funding and investors
Red Balloon Security has raised a total funding of $21.9M over 4 rounds. Its first funding round was on 2015. Its latest funding round was a Grant (prize money) round on Sep 01, 2022 for $*****. 1 investor participated in its latest round. Red Balloon Security has 9 institutional investors.
Here is the list of recent funding rounds of Red Balloon Security:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 01, 2022 | 2850125 | Grant (prize money) | 5363186 | 9310429 | 6484833 | 5612360 |
Apr 20, 2018 | 2145763 | Series A | 5650243 | 1125000 | 3534491 | |
Feb 27, 2018 | 7034488 | Series A | 6234755 | 6884189 |
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Red Balloon Security's founders and board of directors
Founder? Claim ProfileThe founders of Red Balloon Security are Ang Cui and Salvatore Stolfo. Ang Cui is the CEO of Red Balloon Security.
Here are the details of Red Balloon Security's key team members:
- Ang Cui: Co-Founder & CEO of Red Balloon Security. Contact Info: 1 email address
- Salvatore Stolfo: Co-Founder of Red Balloon Security.
View details of Red Balloon Security's Founder profiles and Board Members
Red Balloon Security's employee count trend
Red Balloon Security has 34 employees as of Sep 26. Here is Red Balloon Security's employee count trend over the years:
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Red Balloon Security's Competitors and alternates
Top competitors of Red Balloon Security include Armis, Afero and Keyfactor. Here is the list of Top 10 competitors of Red Balloon Security, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Armis 2015, San Francisco (United States), Acquired | Provider of a wireless security platform for IoT applications | $1.17B | 72/100 | |
2nd |  Afero 2014, Los Altos (United States), Series C | Provider of a cloud-based end-to-end IoT platform | $73.2M | 64/100 | |
3rd | _1545892303928.jpeg?devicePixelRatio=2&height=30&width=30){kind=logo} Keyfactor 2001, Independence (United States), Series F | Provider of digital trust, PKI, certificate automation, and crypto management solutions | $1.22B | 63/100 | |
4th |  Quantum Base 2014, Lancaster (United Kingdom), Public | Quantum IoT and device security solutions provider | $1.15M | 63/100 | |
5th |  SEALSQ 2022, Cointrin (Switzerland), Public | Manufacturer of semiconductor chips, embedded firmware, and other products | - | - | 62/100 |
6th | Provider of AI-powered cybersecurity solutions embedded directly into device firmware | $495M | 62/100 | ||
7th | _1571907918959.png?devicePixelRatio=2&height=30&width=30){kind=logo} AtomBeam 2017, Moraga (United States), Series A | A data management and security company specializing in edge computing | $55M | 61/100 | |
8th | Trustonic 2012, Cambridge (United Kingdom), Acquired | Developer of device locking technology and secure operating system software | - | - | 60/100 |
9th |  Karamba Security 2016, Hod Hasharon (Israel), Series B | Platform offering cybersecurity solutions for vehicles | $27M | 60/100 | |
10th | Provider of cybersecurity solutions for embedded systems and connected objects | $22.7M | 60/100 | ||
31st | Red Balloon Security 2012, New York City (United States), Series A | Embedded security solutions protecting critical devices from cyber attacks | $21.9M | 50/100 |
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Red Balloon Security's Investments and acquisitions
Red Balloon Security has made no investments or acquisitions yet.
Reports related to Red Balloon Security
Here is the latest report on Red Balloon Security's sector:
News related to Red Balloon Security
Filter this list•
MITRE Unveils EMB3D Threat Model for Embedded Devices Used in Critical InfrastructureSecurityWeek•Dec 13, 2023•MITRE, Emb3D, Red Balloon Security, Narf Industries
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Unpatchable Hardware Vulnerability Allows Hacking of Siemens PLCsSecurityWeek•Jan 11, 2023•Red Balloon Security
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CIS Secure Partners with Red Balloon Security to Deliver TSG-Certified Secure Communications Devices with Symbiote Firmware ProtectionBusiness Wire•Sep 14, 2021•CIS Secure Computing, Red Balloon Security
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Red Balloon Security Introduces Expanded Portfolio of Embedded Security SolutionsBusiness Wire•Apr 20, 2021•Red Balloon Security
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Red Balloon Security and Atredis Partners Announce New Strategic PartnershipBusiness Wire•Dec 20, 2019•Atredis, Red Balloon Security
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Red Balloon Security Partners with Siemens to Deliver Cybersecurity to Building Automation SystemsBusiness Wire•Dec 10, 2019•Red Balloon Security, Siemens
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Red Balloon Security Partners with Nautilus Hyosung America to Strengthen Security in Their Retail ATMsBusiness Wire•Nov 11, 2019•Red Balloon Security, Hyosungamericas
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Red Balloon Security Discovers Critical Vulnerability in Millions of Cisco Switches, Routers, and FirewallsBusiness Wire•May 13, 2019•Red Balloon Security
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Red Balloon Security Raises $21.9 Million in Series A Investment for Embedded Device CybersecurityMay 04, 2018•Red Balloon Security, Bain Capital Ventures, Greycroft, American Family Ventures and 2 others
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