Chainguard Raises $61 Million Series B Round as Enterprises Move to Fortify Open Source Software
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Wednesday, November 1, 2023
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KIRKLAND, Wash., Nov. 1, 2023 /PRNewswire/ -- Chainguard, the leader in software supply chain security, today announced it has completed a $61 million Series B round of funding led by Spark Capital and existing investors Sequoia Capital, Amplify Partners, The Chainsmoker's Mantis VC, and Banana Capital.
Key Points:
- "The future is clear - if you adopt open source software you are responsible for securing it.
- Chainguard is on a mission to be the safe source for open source that every organization building software today can rely on to build right, build safe and build fast," said Dan Lorenc, CEO and Co-founder of Chainguard.
- "Enterprises do not want another software security tool, they want secure software," said Clay Fisher, General Partner at Spark Capital.
- There is nothing like Chainguard in the market today and we could not be more excited to support them on their important mission to be the safe source for open source software."