Red Balloon
Providing embedded device manufacturers with strong host-based firmware security.
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 7 % | 10 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Red Balloon Security specializes in securing embedded devices across critical industries through advanced technologies and research. The company has developed foundational technologies such as Symbiote and OFRAK, which protect millions of embedded systems globally. Red Balloon Security serves a diverse client base, including government agencies like DARPA, the Department of Homeland Security, the Air Force, and the Navy. The business operates in the embedded security market, focusing on research, development, and commercialization of new security capabilities. Revenue is generated through government contracts, commercial sales, and research funding. The company has raised $23.5 million in total financing, with a Series A round led by Bain Capital Ventures and additional funding from Greycroft, American Family Ventures, and Abstract Ventures.
Keywords: embedded security, Symbiote, OFRAK, critical industries, government contracts, research, development, commercialization, financing, Bain Capital Ventures.