Chainguard announced last week that it has raised $280 million in a growth funding round from General Catalyst’s Customer Value Fund (CVF).
Chainguard has raised $636 million in the last six months alone, and a total of nearly $900 million in total. When it announced raising $365 million in a Series D round in April, Chainguard had been valued at $3.5 billion.
The Kirkland, Washington-based company provides solutions for securing the open source supply chain.
Chainguard has created secure-by-default container images that are not plagued by known vulnerabilities, making it easier for developers to build secure software. The company provides more than 1,700 such images, including for AI applications.
Chainguard also provides a catalog of secure language libraries and purpose-built VM images.
The latest investment will be used for got-to-market efforts.
“This growth capital reflects the strength of Chainguard’s business, and how we’re scaling rapidly, operating with discipline, and planning for the long term,” said Eyal Bar, Chainguard’s CFO.
“Our partnership with General Catalyst’s Customer Value Fund (CVF) is an important part of that strategy: it enables us to scale go-to-market investment without diluting ownership or slowing innovation. This structure allows our commercial motion to fund its own growth while giving us the flexibility to double down on product and engineering — where our differentiation lies, and build the operational scale and financial profile required for the next stage of growth,” Bar added.
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