Chainguard, a Kirkland, WA-based software program safety firm, raised $140M in Collection C funding, at $1.12 Billion valuation.
The spherical, which introduced the entire quantity to $256M, was led by Redpoint Ventures, Lightspeed Enterprise Companions, and IVP. Present traders, together with Amplify, Mantis VC, Sequoia Capital, and Spark Capital additionally participated.
The corporate intends to make use of the funds to develop operations and its growth efforts.
Led by CEO Dan Lorenc, Chainguard gives a portfolio of minimal, safe container photos that helps organizations embrace a brand new software program growth tradition the place the fact is to start out with safety. Its safe container photos are utilized by the world’s most superior expertise corporations like Anduril, Canva, Hewlett Packard Enterprise, Snowflake and main cybersecurity corporations Checkmarx, Cyera, and Wiz to sort out vulnerability remediation and lock down their software program provide chains. Chainguard can also be dedicated to offering safe, compliant options tailor-made for federal and controlled industries, working with prospects and strategic companions like ILS to allow customers to entry a customized registry of safe container photos on U.S. federal authorities networks.
The corporate additionally introduced the final availability of Chainguard AI Pictures, a set of CPU and GPU-enabled container photos, together with Pytorch, Conda and Kafka, which might be hardened, minimal, and optimized for environment friendly software program growth.
FinSMEs
25/07/2024
