Fintech
Chainguard Raises $140M Series C to Strengthen Software Security
Chainguard has announced a strengthening of its financial position by raising $140 million in a Series C funding round, bringing its valuation to $1.12 billion.
Second PMIFinancialThe round saw substantial collective contributions from leading investors including Redpoint Ventures, Lightspeed Venture Partners and IVP, with continued support from existing investors including Amplify, Mantis VC, Sequoia Capital and Spark Capital. This latest injection brings the company’s total capital raised to $256 million.
Chainguard is at the forefront of software security, offering a range of minimal, secure container images designed to facilitate a security-first approach to software development. Led by CEO Dan Lorenc, the company’s innovative products are critical to organizations looking to secure their software supply chains from vulnerabilities. These container images are trusted by leading technology and cybersecurity companies such as Anduril, Canva, Hewlett Packard Enterprise, Snowflake, Checkmarx, Cyera, and Wiz.
The newly acquired funds are earmarked for the expansion of operations and further development of efforts. This strategic financial push will support Chainguard in strengthening its portfolio of security solutions, essential to addressing 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, minified, and optimized for efficient software development. Chainguard AI Images are specifically built to meet the rigorous demands of modern software environments, providing an additional layer of security and efficiency.
Chainguard CEO Dan Lorenc said, “This significant capital raise enables us to accelerate our mission to secure software supply chains globally. With the continued support of our investors, we are setting new standards in secure software development.”
Previously, Chainguard had successfully raised a total of $116 million in its first rounds, demonstrating the continued confidence of the investment community in its innovative approach to software security.
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