Chainguard, a Kirkland, WA-based software security company, raised $140M in Series C funding, at $1.12 Billion valuation.
The round, which brought the total amount to $256M, was led by Redpoint Ventures, Lightspeed Venture Partners, and IVP. Existing investors, including Amplify, Mantis VC, Sequoia Capital, and Spark Capital also participated.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Dan Lorenc, Chainguard provides a portfolio of minimal, secure container images that helps organizations embrace a new software development culture where the reality is to start with security. Its secure container images are used by the world’s most advanced technology companies like Anduril, Canva, Hewlett Packard Enterprise, Snowflake and leading cybersecurity companies Checkmarx, Cyera, and Wiz to tackle vulnerability remediation and lock down their software supply chains. Chainguard is also committed to providing secure, compliant solutions tailored for federal and regulated industries, working with customers and strategic partners like ILS to enable users to access a custom registry of secure container images on U.S. federal government networks.
The company also announced the general availability of Chainguard AI Images, a suite of CPU and GPU-enabled container images, including Pytorch, Conda and Kafka, that are hardened, minimal, and optimized for efficient software development.
FinSMEs
25/07/2024