Chainguard Secures $140M to Boost AI Security Solutions.

Chainguard, a safe source for open source and AI security solutions platform, has announced a successful $140 million Series C funding round led by Redpoint Ventures, Lightspeed Venture Partners, and IVP. This latest funding round brings Chainguard’s total funding to $256 million. Existing investors such as Amplify, Mantis VC, Sequoia Capital, and Spark Capital participated in this round.

Chainguard’s Chainguard Images solution has seen rapid adoption among enterprises. The company’s customer base increased more than fivefold year-over-year. Annual Recurring Revenue (ARR) surged over 175 percent in the first six months of the fiscal year. Chainguard more than doubled its employee base over the past year to support this growing demand.

“We’ve shown our customers and the industry there is a better way to align developer and security priorities when it comes to adopting open-source software securely. The complexity and scale of vulnerability management has outgrown the capabilities of most organizations to manage on their own,” said Dan Lorenc, CEO and Co-Founder of Chainguard.

Expansion and New Offerings

Valued at $1.12 billion, Chainguard is investing in expanding its Chainguard Images product to safeguard emerging technologies like AI workloads. Additionally, the company is increasing its go-to-market operations in international markets and growing its Federal business to help customers meet compliance requirements for software security.

“Chainguard has brought an essential layer of security to the open source consumption model, which was already strained by new attack types like Log4j and XZ Utils and is under even greater pressure from a combination of rapidly adopted AI workloads and intensifying regulatory requirements. We empower developers to focus on doing what they do best– writing great software–with a newfound confidence they are building upon a secure, vulnerability-free foundation, where starting left, not shifting left is the only way,” said Dan Lorenc

Chainguard also announced the general availability of Chainguard AI Images, a CPU- and GPU-enabled container image suite that includes PyTorch, Conda, and Kafka. These images are hardened, minimal, and optimized for efficient software development.

The GPU-enabled images, like PyTorch, come with dependencies such as drivers and libraries to secure the deployment and management of GPU-accelerated AI applications with low-to-zero vulnerabilities and hardened configurations.

Trusted by Leading Tech Companies

Chainguard’s secure container images are utilized by leading technology companies like Anduril, Canva, Hewlett Packard Enterprise, and Snowflake. Top cybersecurity companies, including Checkmarx, Cyera, and Wiz, rely on Chainguard to tackle vulnerability remediation and secure their software supply chains.

“Chainguard has reimagined software delivery and consumption and is the safe source for open source software,” said Sai Senthilkumar, Partner at Redpoint Ventures. “Chainguard Images has a robust product market fit and gives developers and security teams peace of mind. Chainguard is one of the fastest-growing enterprise businesses we have seen in the past several years, and we could not be more thrilled to join this mission to build the industry standard for software security.”

Chainguard is committed to providing secure and compliant solutions tailored to federal and regulated industries. Working with strategic partners like ILS, Chainguard enables users to access a custom registry of secure container images on US federal government networks.

Follow USTechTimes on Facebook, Twitter and Linkedin for in-depth news of market trends, funding updates, and regulatory changes affecting startups in USA.

We Recommend: