Groundbreaking startup Manifest secures $6m funding

Groundbreaking startup Manifest secures $6m funding

Manifest, an innovative startup launched in 2022, is geared towards tackling the critical challenge of software supply chain transparency using a tool known as software bills of materials (SBOMs) with the close of a new funding round.

Its mission is to bring about a change in the software industry, where, unlike other industries, transparency about what goes into software has been far from the norm.

Recently, the company has managed to raise $6m in a funding round steered by First Round Capital. Other noteworthy investors such as XYZ, Palumni VC, Homebrew, BoxGroup, Silver Buckshot, Twelve Below, and Huge if True Ventures were also part of this investment round. Their significant contribution indicates a belief in Manifest’s potential and its proposed solutions to pressing industry problems.

Manifest operates with a primary focus on software supply chain visibility. Most of the software used today incorporates open-source code, forming a crucial part of internal applications and third-party components. However, this reliance comes with a downside: a large percentage of open-source components remain unpatched, which contributes to the rapid increase of software supply chain vulnerabilities. By providing a detailed list of the components within a piece of software, much like ingredients on a food package, Manifest aims to enhance cybersecurity and mitigate these vulnerabilities.

With this new injection of capital, Manifest has set out to redefine software supply chain management’s future. The funding will be channelled towards achieving greater visibility into component provenance, integrating with leading software composition analysis (SCA), asset inventory, and vendor management tools, and delivering world-class service and support.

Manifest’s dedication to tackling software supply chain vulnerabilities has attracted customers from the healthcare, aerospace, and defence industries. Additionally, the Department of Homeland Security’s Science and Technology Directorate’s Silicon Valley Innovation Program (SVIP) and the Air Force AFWERX program have shown interest in Manifest’s approach, marking a significant milestone in the company’s journey and its resonance within the public sector.

Prior to this seed round, Manifest was recognised and supported by the Department of Homeland Security’s Science and Technology Directorate’s Silicon Valley Innovation Program (SVIP). It was also selected for a contract through the Air Force AFWERX program, indicating the company’s early successes and industry trust.

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