What it sells
Firmware cybersecurity
Business model breakdown
Buyer: who owns the budget?
UnverifiedProduct security / embedded firmware engineering leads at automotive, aerospace, medical device and ICS/IoT makers, plus government and defense security programs.
Trigger: what makes them buy now?
Regulatory and customer requirements for firmware robustness testing (UNECE, ISO/SAE, DO-178C, FDA cybersecurity guidance, EU CRA) and rising firmware attacks.
Workflow: what inputs become what output?
Upload an ELF or raw .bin ARM Cortex-M binary; Metalware emulates peripherals and runs coverage-guided fuzzing, returns crashes with root cause, stack trace and reproducible input, replayable in GDB/Ghidra/Binary Ninja; CLI/CI integration runs nightly fuzz and files GitHub issues, with PDF compliance reports.
Economics: what it saves and how it charges
Software sold as cloud service or on-premise deployment, plus tailored services for government; value is finding bugs without source code, hardware or test harnesses.
Distribution: how it reaches customers
Demo-led (Book a Demo); developer docs and CLI; government channel.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Summer 2023 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.