Chainguard Inc., a provider of secure software supply chain solutions, today announced it has raised $280 million in new funding to meet growing demand and accelerate its mission to make open source software reliable by default.
Founded in 2021, Chainguard helps organizations build, deploy and run open source software with minimal risk of vulnerabilities and supply chain attacks. The company’s products include hardened base container images, language libraries, and security-verified virtual machine formats. They are also formulated to have minimal or no known vulnerabilities and are designed to be used as fundamental building blocks in production environments.
Chainguard offers a catalog of more than 1,700 minimal container images with no known vulnerabilities, covering a wide range of modern stacks. The images are available through major cloud marketplaces such as Azure, Amazon Web Services Inc. and Google Cloud Platform. They integrate into developer workflows, continuous integration and continuous delivery pipelines, and enterprise deployment practices, helping organizations adopt open source quickly, securely, and at scale.
In addition to offering secure open-source software, Chainguard also works to build trust in the open-source supply chain by working on community standards and tooling and by helping to redefine how software is built, packaged and shipped so that security and speed go hand in hand.
“Open source is driving the world, but the way it is delivered and deployed often comes with risks,” says co-founder and CEO Dan Lorenc (pictured). “At Chainguard, we flip that script: we protect open source from all the things that can go wrong with it, so that engineering teams can build anything they want with it.”
The growth financing came from General Catalyst’s Customer Value Fund.
“Chainguard is defining a new category at the heart of modern infrastructure: trusted open-source software,” said Pranav Singhvi, Managing Director and Co-Head of CVF. “By solving one of the most pressing challenges in software development and implementation, the company is setting a new standard for engineering teams.”
The company plans to use the General Catalyst financing to invest in and accelerate go-to-market scale, while retaining equity dollars for investments in products, engineering and additional long-term strategic value creation. In a press release, Chainguard says the approach will enhance its financial profile, support disciplined growth and position it to capture a rapidly growing market opportunity as trusted open source becomes mission-critical infrastructure for global enterprises.
The new funding brings the total raised by Chainguard to approximately $892 million, based on data from Tracxn. Previous funding rounds raised by Chainguard include $50 million in June 2022, $61 million in November 2023, $140 million in July 2024 and $356 million at a $3.5 billion valuation in April.
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