Chainguard’s $356M Haul: The Ex-Google Engineers Securing the Future of Open Source!
Chainguard, founded by ex-Google engineers, has raised $356 million in a Series D round, bringing its valuation to $3.5 billion. Specializing in “hardened-by-default” open-source components, Chainguard plans to expand its team and project support, betting on the ongoing demand for secure software solutions.
Hot Take:
Chainguard is like the Gandalf of the open-source world, heroically yelling “You shall not pass!” to all the sneaky cyber threats out there. With a mountain of cash now rivaling Smaug’s treasure, they’re ready to make the open-source universe a safer place—one hardened component at a time!
Key Points:
- Chainguard secures a whopping $356 million in Series D funding, bringing its valuation to $3.5 billion.
- The startup offers “hardened-by-default” open-source components, boasting a catalog that grew from 400 to 1,400 images in a year.
- The company is forecasting over $100 million in annual recurring revenue by 2025.
- Chainguard’s clientele includes major organizations like GitLab and Canva.
- The company aims to expand its team and support more open-source projects with the new funding.
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