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Cloudsmith raises $23M to improve software supply chain security
Cloudsmith has raised $23M in a Series B round of financing led by TCV, with participation from Insight Partners among existing investors.
A single vulnerability can have a far-reaching impact on the wider software supply chain, as evidenced by the likes of the Log4Shell exploit that saw millions of applications exposed to potential remote code execution hacks via the Log4j logging library. To help drive its next phase of growth, the startup on Monday said it has raised $23 million in a Series B round of financing led by TCV, with participation from Insight Partners and some returning investors. According to Carson, bringing in an experienced startup and scale-up entrepreneur enabled the two co-founders to focus more on the product “vision, roadmap and architecture,” while opening it to a wider array of enterprises and investors in the U.S. — including TCV and Insight Partners.
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