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 used by 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, while also providing additional services like technical support and training. The company's goal is to facilitate secure and efficient development and testing processes in the technology and cybersecurity sectors.

Simplify's Take

What believers are saying

• Corellium's Atlas platform targets the growing market of software-defined vehicles (SDVs).
• Settlement with Apple allows Corellium to focus on innovation without legal distractions.
• Recognition in Deloitte's Technology Fast 500 enhances Corellium's credibility and market appeal.

What critics are saying

• Increased competition from VMware and Parallels in ARM-based virtualization solutions.
• Potential privacy concerns from using virtual environments for security testing.
• Rapid ARM architecture advancements could outpace Corellium's platform updates.

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 supports iOS 18, crucial for mobile app penetration testers.

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Funding

Total Funding

$25M

Above

Industry Average

Funded Over

1 Rounds

$25,000,000

Series A

Dec 2021

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

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$25M

$30M