Chainguard Secures $356M in Funding to Revolutionize Global Software Supply Chain Security
Chainguard, a leading cybersecurity firm specializing in secure software development and deployment, has successfully raised $356 million in a Series D funding round. This significant investment positions the company to enhance its offerings in the secure software supply chain domain.
Funding Round Details
The recent funding round was co-led by Kleiner Perkins, a new investor, alongside existing investor IVP. Additional contributions came from new participants such as Salesforce Ventures and Datadog Ventures, as well as all other current investors. This funding boost brings Chainguard’s total capital raised to $612 million and values the company at $3.5 billion.
Innovative Product Offerings
Chainguard is known for its robust tools and platforms designed to help organizations maintain secure software supply chains. Key products include:
- Chainguard Containers: A secure container image product.
- Chainguard VMs: Minimal virtual machines with no known vulnerabilities.
- Chainguard Libraries: A Java-based secure language library suite.
Utilization of Fresh Capital
The newly acquired capital will be allocated towards:
- Enhancing the entire product portfolio.
- Scaling go-to-market operations.
- Fueling international expansion in the EMEA and APAC regions.
Chainguard aims to meet the increasing demand for secure open-source solutions, targeting $100 million in annual recurring revenue (ARR) by the end of fiscal 2026. Notably, in fiscal 2025, the company’s ARR surged sevenfold to reach $40 million.
Client Impact and Testimonials
Chainguard has already attracted over 150 customers, including notable organizations like ANZ Bank, Canva, GitLab, Hewlett Packard Enterprise, Oceaneering International, Snap Inc., Univar Solutions, VPBank, and Wiz.
According to Dan Lorenc, CEO and co-founder of Chainguard, “We believe that security and innovation should go hand in hand. Chainguard is leading the way towards a future where secure, vulnerability-free open-source software is the standard.”
Client Testimonials Highlighting Cyber Resilience
Clients have praised Chainguard’s offerings for enhancing cyber resilience:
- Dylan Shepard, Senior Lead Platform Engineer at Booz Allen, remarked, “Chainguard’s secure container images help us comply with rigorous cybersecurity standards while delivering mission-critical solutions.”
- Shrikant Pandhare, Security Engineering Manager at Snap Inc., stated, “Chainguard’s secure container images reduce vulnerabilities and provide a solid technology foundation, allowing us to scale and innovate rapidly.”
For more information about secure software solutions, visit Chainguard’s official website or explore related articles on Cybersecurity Insider.
