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Eclypsium Achieves Record Growth in 2023 Fueled by Supply Chain Security Demand and Key Partnership ExpansionsEclypsium, the leader in digital supply chain security for enterprise hardware, firmware and software infrastructure, today announced record growth for its fiscal year ended January 31, 2024. Revenue growth was driven by its Supply Chain Security Platform for enterprise customers and new key partnerships including Lenovo and Intel, resulting in near 200% net new Annual Recurring Revenue (ARR) growth more than doubling ending ARR with over 130% net revenue retention. Eclypsium recorded the best year in the company's history, expanding worldwide supply chain security platform sales with customers in both the private and public sector including healthcare, technology, financial services institutions, manufacturing, law enforcement agencies, and federal agencies. "As the cyber attacks have increased and shifted, and more regulatory security requirements are put in place, supply chain risk has become a board-level concern for many organizations and a key topic on the national security agenda. The demand for visibility into enterprise IT infrastructure has increased dramatically over the last year. Security teams need the ability to verify the authenticity, integrity and security posture of software, firmware and hardware making its way into their corporate IT, data centers, network, cloud, and other parts of enterprise infrastructure," said Yuriy Bulygin, CEO and Co-Founder of Eclypsium. Achievements in Fiscal Year 2023 (ending January 31, 2024) include:
The Eclypsium research team continued to deliver world-class security research discovering a backdoor in PCs and servers of a popular manufacturer, discovering software vulnerabilities in remote management chips in servers of major manufacturers, and discovering BlackLotus UEFI firmware malware. ABOUT ECLYPSIUM Eclypsium's cloud-based platform provides digital supply chain security for critical software, firmware and hardware in enterprise infrastructure. Eclypsium helps enterprises and government agencies mitigate risks to their infrastructure from complex technology supply chains. For more information, visit eclypsium.com.
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