Cybersecurity startup Chainguard has raised $356 million in a Series D funding round, elevating its valuation to $3.5 billion. The round was led by Kleiner Perkins and IVP, with participation from Salesforce Ventures and Datadog Ventures .
Founded in 2021 by former Google engineers, Chainguard specializes in providing “hardened-by-default” open-source components to enhance software supply chain security. The company has experienced rapid growth, expanding its catalog from 400 to 1,400 container images over the past year and increasing its annual recurring revenue from $5 million to $40 million .
Chainguard’s offerings include Chainguard Containers, Chainguard Libraries, and Chainguard VMs, all designed to secure and harden open-source software components. The company’s automated build system continuously patches and signs over 13,000 upstream open-source packages to build these images .
With more than 100 enterprise customers, including ANZ Bank, Canva, GitLab, Hewlett Packard Enterprise, and Snap Inc., Chainguard is positioning itself as a leading provider of secure open-source software solutions .
The Series D funding will support Chainguard’s expansion efforts, including hiring across engineering and sales teams and broadening the range of open-source projects it supports .
