Cloudsmith Secures $72 Million in Series C Funding Round
Enterprise Platform Provider Cloudsmith Secures $72 Million in Series C Funding
Cloudsmith, a leading provider of secure repositories for software supply chains, has secured $72 million in its latest funding round. The Series C investment brings the company’s total funding to $124 million, underscoring investor confidence in its ability to address the expanding threat surface introduced by AI-driven software development.
Funding Breakdown
- $72 million in Series C funding
- Total funding of $124 million
About Cloudsmith
Founded in 2016, Cloudsmith offers a comprehensive platform that helps enterprises manage their software supply chains, including open-source, internal, and third-party dependencies. By providing visibility and control over packages, containers, and machine learning models, the platform enables customers to build a chain of custody, ensuring the integrity and security of their software.
Main Features
- Automated vulnerability detection
- Policy-driven package distribution
- Analytics, logging, and auditing capabilities
Investors
- TCV
- Insight Partners
- Previous investors
The fresh funding will enable Cloudsmith to further develop its go-to-market strategy and expand its product offerings. As Cloudsmith continues to grow and expand its services, this funding will enable the company to strengthen its position in the market and meet increasing demand for its solutions.
Cloudsmith’s success highlights the growing importance of robust software supply chain management in addressing the challenges posed by AI-driven development. As organizations increasingly rely on AI-generated software, the need for secure and reliable repositories like Cloudsmith becomes critical in maintaining the integrity and security of their systems.
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