The secure software startup Chainguard has announced the successful completion of its funding round, raising $356 million at a valuation of $3.5 billion. The funding round was co-led by new investor Kleiner Perkins and existing investor IVP. New participants also included Salesforce Ventures and Datadog Ventures, while the remainder of the investment came from existing investors.
This is reported by Finway
Chainguard specializes in enabling companies to securely build software. It offers solutions with secure open-source software that helps eliminate threats in software supply chains. The company currently reports an annual recurring revenue of $40 million and plans to exceed $100 million in ARR by the end of the 2026 fiscal year.
“Chainguard was founded on a simple yet powerful belief that security and innovation must go hand in hand,” said co-founder and CEO Dan Lorenc. “Today, Chainguard is paving the way for a future where secure open-source software without vulnerabilities is the standard.”
Founded in 2021, Chainguard has raised a total of $612 million in funding.