Chainguard Secures $356M in Series D Funding to Offer Secure Open Source Solutions

Chainguard has raised $356 million in Series D funding to become a safe source for all open-source software. The funding will be used to expand its platform and provide secure and reliable open-source software to customers. Chainguard aims to address the growing concern of open-source software security and provide a trusted source for developers and organizations.

Chainguard, a company focused on providing secure open-source software, has raised $356 million in Series D funding. The funding round, co-led by Kleiner Perkins and IVP, valued the company at $3.5 billion [1]. This latest investment brings Chainguard's total funding to $612 million, with new investors Salesforce Ventures and Datadog Ventures also participating.

The funding will accelerate product innovation and expansion for Chainguard. In fiscal year 2025, the company saw its annual recurring revenue (ARR) grow sevenfold to $40 million, with plans to reach over $100 million by the end of fiscal year 2026 [1]. Chainguard aims to use the new capital to further develop its product suite, scale its go-to-market operations, and expand its presence in Europe, the Middle East, and Africa (EMEA) and the Asia-Pacific region (APAC).

The company has been experiencing significant growth due to the increasing demand for secure-by-design infrastructure in software development and deployment. Chainguard recently surpassed 150 customers for its Chainguard Containers product and introduced new offerings like Chainguard VMs and Chainguard Libraries, which provide minimal, zero-CVE virtual machine images and guarded language libraries for Java, respectively [1].

Chainguard helps organizations reduce risks and fuel innovation by providing secure container images and continuous compliance solutions. The company's customers include leading global organizations such as ANZ Bank, Canva, GitLab, Hewlett Packard Enterprise, Oceaneering International, Snap Inc., Univar Solutions, VPBank, and Wiz [1].

The investment from Kleiner Perkins and IVP highlights the market's confidence in Chainguard's ability to define a new category in secure-by-default infrastructure. Mamoon Hamid, a partner at Kleiner Perkins, noted, "Chainguard helps companies of all sizes prioritize security without compromising innovation" [1].

References:
[1] https://www.prnewswire.com/news-releases/chainguard-raises-356-million-in-series-d-funding-to-be-the-safe-source-for-all-open-source-302435220.html