Chainguard has announced a boost in its financial standing by securing $140m in a Series C funding round, catapulting its valuation to $1.12bn.
According to FinSMEs, the round saw a substantial collective contribution from leading investors including Redpoint Ventures, Lightspeed Venture Partners, and IVP, with continued support from existing investors such as Amplify, Mantis VC, Sequoia Capital, and Spark Capital. This latest injection brings the total capital raised by the company to $256m.
Chainguard is at the forefront of software security, offering a range of minimal, secure container images designed to facilitate a security-first approach in software development. Led by CEO Dan Lorenc, the company’s innovative products are pivotal for organizations aiming to secure their software supply chains against vulnerabilities. These container images are trusted by top-tier technology and cybersecurity companies such as Anduril, Canva, Hewlett Packard Enterprise, Snowflake, Checkmarx, Cyera, and Wiz.
The newly acquired funds are earmarked for expanding operations and furthering development efforts. This strategic financial boost will support Chainguard in enhancing its portfolio of security solutions, which are essential for tackling vulnerability remediation and securing software supply chains.
In addition to the funding news, Chainguard has launched Chainguard AI Images—a new suite of CPU and GPU-enabled container images. These include advanced tools like Pytorch, Conda, and Kafka, and are designed to be hardened, minimal, and optimized for efficient software development. Chainguard AI Images are specifically crafted to meet the rigorous demands of modern software environments, offering another layer of security and efficiency.
Chainguard CEO Dan Lorenc said, “This significant capital raise allows us to accelerate our mission of securing software supply chains globally. With the continuous support of our investors, we are setting new standards in secure software development.”
Previously, Chainguard has successfully raised funds totalling $116m in earlier rounds, demonstrating sustained confidence from the investment community in their innovative approach to software security.
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