Manifest
Overview
Manifest Cyber is a technology company specializing in transparency for software and AI supply chains. Founded in 2022 by Marc Frankel and Daniel Bardenstein, the company is headquartered in New York. It aims to address software supply chain security by utilizing automated Software Bills of Materials (SBOMs) and AI Bills of Materials (AIBOMs). As of April 2025, Manifest Cyber has raised a total of $23 million, including a recent $15 million Series A round led by Ensemble VC.
Recent Developments
- April 2025: Manifest Cyber raised $15 million in a Series A funding round. The investment was led by Ensemble VC, with participation from AE Ventures, First Round Capital, Homebrew, Leap435, Overmatch VC, and XYZ. The financing aims to expand their platform, enhance software and AI supply chain transparency, and address rising cyber threats.
- December 2024: Manifest earned FedRAMP High authorization, allowing it to support government and defense clients more effectively.
- April 2024: The company launched new capabilities for managing AI bills of materials, a shift reflecting the rising focus on AI transparency and security.
- February 2025: Participation in the Manifest 2025 conference in Las Vegas highlighted the importance of cybersecurity amid growing AI and automation trends in logistics and supply chains.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2022 |
| Headquarters | New York, USA |
| Founders | Marc Frankel, Daniel Bardenstein |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | Ensemble VC, AE Ventures, First Round Capital, Homebrew, Leap435, Overmatch VC, and XYZ |
| Industry | Cybersecurity, Supply Chain Technology |
| Number of Employees | Not publicly disclosed |
Early History
Manifest Cyber was founded in 2022 to tackle the growing problem of software supply chain transparency, especially highlighted by incidents like the 2021 Log4j vulnerability. Founders Marc Frankel and Daniel Bardenstein, both with backgrounds in cybersecurity from Palantir and the Cybersecurity and Infrastructure Security Agency, embarked on creating a platform focusing on SBOMs. Initial seed funding of $6 million led by First Round Capital helped establish the company's market presence and develop its core technology.
Company Profile and Achievements
Manifest Cyber positions itself at the forefront of cybersecurity innovation, focusing on supply chain transparency through SBOMs and AIBOMs. The company's business model revolves around providing organizations with tools to automatically generate, manage, and analyze these bills of materials, thereby offering an unprecedented level of transparency into the software supply network.
- Achievements:
- Strategic Partnerships: Developed collaborations with major organizations, including the U.S. Air Force and Department of Homeland Security.
- Revenue Growth: Achieved significant revenue growth and customer retention, with a 5x increase in revenue reported recently.
- SBOMs for Enhanced Security: Successfully addressed critical vulnerabilities in third-party software components, positioning Manifest as a crucial player in enterprise cybersecurity solutions.
Current Operations and Market Position
Manifest Cyber currently operates by providing cybersecurity solutions that focus on improving software and AI supply chain transparency. It has secured contracts with several governmental and Fortune 500 clients across sectors such as defense, healthcare, and automotive. The company is expanding its platform to include more comprehensive AI and software component tracking capabilities, positioning itself as a leader in the increasingly important SBOM field.
Conclusion
Manifest Cyber has distinguished itself as a critical player in cybersecurity, especially in the realm of supply chain transparency. With its recent capital infusion and strategic growth initiatives, the company is well-positioned to address the complex and evolving landscape of software and AI security. As the industry continues to prioritize transparency and risk management, Manifest's innovative approaches will likely play a significant role in shaping future developments in cybersecurity.