Corellium Announces Record Growth and Continued Innovation

Corellium offers the only virtualization platform designed to help developers build, test, and secure software for smart devices, from phones to cars to critical infrastructure

DELRAY BEACH, Fla., March 10, 2025 /PRNewswire/ -- Corellium, a leading provider of native-fidelity virtual solutions for development, testing, and research on mobile and IoT devices, today announced that it achieved record growth in 2024 and is continuing its momentum into 2025 with strong Q1 growth to launch the year. Corellium grew annual recurring revenues more than 50% year-over-year, achieved 97% renewal rate, and introduced three new solutions: Viper for mobile application security testing (MAST), Falcon for mobile security research, and Solo for individual students and hobbyists.

Over the past year Corellium achieved several milestones, including:

• Business growth: Demand for Corellium solutions has increased across the U.S. and globally, with over 50% increase in annual recurring revenues and an impressive 97% renewal rate. Corellium solutions are an essential part of enterprise, government, and OEM customer workflows, supporting DevOps, penetration testing, MAST, vulnerability research, and threat analysis teams, among others.
• Product Innovation: Offering support of new iOS models within 1 week of their release, Corellium now supports over 3000 mobile device models and versions. In addition, the company launched three new products and one new powerful automation capability:
  • Corellium Viper: A comprehensive solution for mobile application security testing (MAST), Viper equips your security teams with unprecedented tools for both manual and automated testing, freeing up valuable engineering time and saving money. Viper includes Corellium's new MATRIX capability, which enables automated mobile application security testing and reporting to accelerate the critical work of security teams by up to 75%.
  • Corellium Falcon: A cutting-edge platform for sophisticated mobile vulnerability and threat research, Falcon empowers teams to delve deep into the complexities of mobile security. Falcon also includes MATRIX.
  • Corellium Solo: Designed for individual students and hobbyists, Solo offers a powerful and flexible platform for mobile security discovery.
• Industry accolades: Corellium received the 2024 Technology Fast 500 by Deloitte, a prestigious award that recognizes the fastest-growing technology companies in North America.
• Team Expansion: Since January 2024, the employee base has grown over 35% to support the company's expanded go-to-market strategy. Moreover, Corellium filled strategic senior positions, including:  
  • Mark Snell, Chief Financial Officer
  • David Scruggs, Chief Revenue Office
  • Anthony Ricco, Chief Product Officer
  • Jody Kissling, Chief Marketing Officer
  • Tara Crawshaw, Vice President of Customer Success
  • Chris Trammell, Vice President of Finance
  • Holly Bail, Vice President of Human Resources
  • Beth Barach, Vice President of Product Marketing

"Corellium's innovative virtualization platform delivers native-fidelity virtual devices and powerful integrated tools to support development, testing, and research on mobile and IoT devices. These virtual devices give developers the same accuracy as real devices, without the challenge of physical hardware," said Amanda Gorton, CEO of Corellium. "In 2025 we will continue to drive product innovation that empowers developers to build, test, and secure the next generation of devices and deliver world class customer support."

About Corellium
The leader in Arm virtualization, Corellium helps security and developer teams build, test, and secure software for mobile, IoT, and automotive devices through the power of virtual hardware. Over 500 organizations, governments and security practitioners worldwide use Corellium's native-fidelity virtualization solutions to strengthen security testing and streamline DevOps. With highly performant, scalable, and accurate virtual models, Corellium enables never-before-possible capabilities not possible on physical hardware. Visit www.corellium.com to learn more.

Media Contact:
Jody Kissling
[email protected]

SOURCE Corellium