Corellium

Corellium

Virtual hardware solutions for mobile and IoT

About Corellium

Simplify's Rating
Why Corellium is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Robotics & Automation

Enterprise Software

Cybersecurity

Education

Company Size

51-200

Company Stage

Series A

Total Funding

$24.3M

Headquarters

Boynton Beach, Florida

Founded

2017

Overview

Corellium provides a platform for virtual hardware solutions that allows developers, security researchers, and educators to create, test, and analyze mobile and IoT devices without needing physical devices. This service is beneficial for various clients, including businesses for DevOps and security testing, government agencies for cybersecurity research, and educational institutions for teaching purposes. Corellium operates on a subscription-based model, offering software as a service (SaaS) for access to its tools, along with additional services like technical support and training. The company's goal is to enhance security and efficiency in the development and testing of mobile and IoT applications.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for virtual testing due to remote work boosts Corellium's market potential.
  • Corellium's platform aligns with the 'shift-left' testing trend in DevOps.
  • The rise of 5G technology enhances the need for Corellium's advanced testing platforms.

What critics are saying

  • Emerging virtualization platforms could erode Corellium's market share.
  • Potential legal challenges from tech giants may impact Corellium's operations.
  • Security vulnerabilities in Corellium's platform could lead to reputational damage.

What makes Corellium unique

  • Corellium offers unique ARM-based mobile device virtualization with a custom-built hypervisor.
  • The platform allows real-world accuracy and high performance in mobile app security testing.
  • Corellium provides on-premise options, catering to clients with high-security needs.

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Funding

Total Funding

$24.3M

Above

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$25M
Corellium
$100M
GitHub

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-4%

2 year growth

-1%
Corellium
Dec 3rd, 2024
2024 Technology Fast 500 by Deloitte: Corellium Named a Winner

Corellium, Inc. is thrilled to announce that Corellium has been selected as a winner for Deloitte's Technology Fast 500 list this year!

The Register
Dec 18th, 2023
Apple, Corellium, settle iOS virtualization case

Apple, Corellium, settle iOS virtualization case.

Taranga News
Dec 15th, 2023
Apple and cyber startup Corellium settle four-year court battle

But it appealed in 2021, but was told in April this year that there was no case because Corellium had created versions of iOS that fell under the US copyright doctrine of fair use; The judge's reasoning was that Corellium was helping researchers conduct critical tests of iPhone security, so its software was not infringing copyright.

Forbes
Dec 14th, 2023
Apple And Cyber Startup Corellium Settle Four-Year Court Battle

But it appealed in 2021, only to be told in April this year that it didn't have a case because Corellium had created versions of iOS that fell under the U.S. copyright doctrine of fair use; the judge's argument was that Corellium was helping researchers carry out important tests of iPhone security, so its software wasn't violating copyright.

Forbes
Dec 14th, 2023
Apple And Cyber Startup Corellium Settle Four-Year Court Battle

But it appealed in 2021, only to be told in April this year that it didn't have a case because Corellium had created versions of iOS that fell under the U.S. copyright doctrine of fair use; the judge's argument was that Corellium was helping researchers carry out important tests of iPhone security, so its software wasn't violating copyright.

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