Chainguard has raised $356 million in Series D funding, bringing its total funding to $612 million and valuing the company at $3.5 billion. Kleiner Perkins and IVP co-led the round, joined by new investors Salesforce Ventures and Datadog Ventures, along with all existing backers. The funding supports Chainguard’s aim to strengthen security across software supply chains through its growing suite of secure-by-default products. The company currently serves over 150 customers with its Chainguard Containers product and recently launched Chainguard VMs and Chainguard Libraries. Mamoon Hamid, Partner, Kleiner Perkins, commented, "Chainguard helps companies of all sizes prioritize security without compromising innovation. The speed at which Chainguard has established itself as the go-to provider for trusted open-source software is remarkable, and all of us at KP are excited to partner with them as they continue on this trajectory."
Chainguard intends to use the new capital to enhance its product development, scale its market reach, and expand operations across EMEA and APAC. Customers, including ANZ Bank, Canva, GitLab, Snap Inc., and others, use Chainguard’s tools to reduce vulnerabilities and maintain strong security standards. Company leaders and investors say that Chainguard is becoming a key platform for building and securing software from the source. CEO and Co-founder Dan Lorenc stated, “In this next chapter of growth, we're not just scaling our business – we're fundamentally changing how software is built and secured from the ground up."
