Cloudsmith Raises $23M to Improve Software Supply Chain Security
Cloudsmith has successfully raised $23 million in a Series B financing round led by TCV, aiming to enhance security within the software supply chain, where 81% of codebases reportedly contain critical vulnerabilities. The Belfast-based startup offers a cloud-native artifact management platform that provides a secure registry for software packages, ensuring developers have reliable access to necessary components while scanning for vulnerabilities and other issues. With plans to expand its workforce and invest in new AI applications, Cloudsmith is positioning itself as a leader in addressing the complex challenges of software supply chain security.
- This funding highlights the increasing recognition of the importance of securing software supply chains, as companies face growing threats from open-source vulnerabilities and the need for compliance.
- How might the evolution of AI in software development influence the security practices adopted by companies in the tech industry?