Chainguard, a Kirkland, Wash.-based supply chain security software provider, raised $50 million in its Series A funding.
The round was led by Sequoia Capital with participation from Amplify, the Chainsmokers’ Mantis VC, LiveOak Venture Partners, Banana Capital, K5/JPMC, Jim Higgins, CISO at Square, Tom Killalea, Chair of MongoDB and former VP of Technology and CISO at Amazon, and CISOs from Google and Square (Block), among others.
the company plans to use the new funding to accelerate its product development., Chainguard also plans to invest heavily in open, source projects like Sigstore, SLSA, and OpenSSF, a new developer education program that focuses on supply chain security
Company: Chainguard, Inc.
Raised: $50.0M
Round: Series A
Funding Month: June 2022
Lead Investors: Sequoia Capital
Additional Investors: Amplify, the Chainsmokers’ Mantis VC, LiveOak Venture Partners, Banana Capital, K5/JPMC, Jim Higgins, CISO at Square, Tom Killalea, CISO at Amazon, and CISOs from Google and Square
Company Website: https://www.chainguard.dev/
Software Category: Supply Chain Security Software
About the Company: Co-founded by Dan Lorenc, Kim Lewandowski, Matt Moore, Scott Nichol, and Ville Aikas, Chainguard is involved in securing the software supply chain by default. Its product portfolio already includes Chainguard Enforce (a supply chain security solution for containerized workloads), Chainguard Images (container base images designed for a secure software supply chain that are continuously updated to achieve zero-known vulnerabilities), and Professional Services. Customers range from Fortune 500 companies in banking, fintech, government, and infrastructure to startups and SMBs
Source: https://techcrunch.com/2022/06/02/chainguard-raises-50m-to-guard-supply-chains/