A prominent security platform has secured $40 million in a Series B funding round, backed by leading investors, to enhance the safety of software supply chains worldwide. This funding will further strengthen the platform’s mission to protect open-source software, driving advancements that are crucial for global trade and commerce. With key investors, including Abstract Ventures, this investment brings the company’s total funding to $65 million, positioning it as a key player in the protection of digital infrastructures supporting modern trade.
As the global economy increasingly depends on digital platforms, the software supply chain plays a pivotal role in ensuring the smooth operation of industries ranging from finance to logistics. Open-source components now form the backbone of more than 90% of modern applications. However, this growing reliance has also brought about heightened security risks. Traditional tools have struggled to keep pace with the rising tide of software supply chain attacks, which can disrupt international trade, business operations, and logistics networks.
This innovative security platform offers a solution by proactively monitoring open-source software for malicious behavior, from preventing backdoor threats to identifying typographical and obfuscated code attacks, ensuring the integrity and efficiency of global trade infrastructure. Over the past year, the platform has proven instrumental in helping companies transition from legacy solutions, offering real-time threat detection and protection that is critical for today’s interconnected global economy. With support for six programming languages, including recent additions of Java and Ruby, the platform offers a comprehensive solution that integrates seamlessly into various industries’ supply chains. It is already helping safeguard organizations involved in sectors like logistics, finance, and technology. Through real-time monitoring and threat blocking, the platform has managed to protect over 7,500 organizations and 300,000 GitHub repositories, reducing the risk of costly disruptions in global trade operations.
As the platform expands, its ability to detect and prevent emerging threats in real-time will have a significant impact on securing international trade routes and digital supply chains. With fresh funding, the platform is set to accelerate its product development and expand its team to meet the growing demand for enhanced security across global markets. This proactive approach to safeguarding trade systems ensures businesses worldwide can operate without the fear of software vulnerabilities impacting their supply chains.
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