Fundz

Chainguard Raises $61 Million Series B Round As Enterprises Move To Fortify Open Source Software

PRIVATENov 01, 2023

Amount Raised

$61 Million

Round Type

Series B

KirklandSoftwarecomputer & network security

Investors

Banana CapitalSequoia CapitalAmplify PartnersThe Chainsmoker's Mantis VCSpark Capital

Description

Chainguard, the leader in software supply chain security, today announced it has completed a $61 million Series B round of funding led by Spark Capital and existing investors Sequoia Capital, Amplify Partners, The Chainsmoker's Mantis VC, and Banana Capital.

Quick answer

Chainguard raised $61 Million in a Series B round, dated November 1, 2023. Investors: Banana Capital, Sequoia Capital, Amplify Partners, The Chainsmoker's Mantis VC and Spark Capital. Chainguard is based in Kirkland, Washington, United States.

How much did Chainguard raise?
Chainguard raised $61 Million in a Series B round on November 1, 2023.
Who invested in Chainguard?
Banana Capital, Sequoia Capital, Amplify Partners, The Chainsmoker's Mantis VC and Spark Capital are named as investors in this round.
What does Chainguard do?
Chainguard is the trusted source for open source.
Where is Chainguard based and how big is it?
Chainguard is based in Kirkland, Washington, United States. Fundz records about 570 employees.
Who are the decision-makers at Chainguard?
Fundz holds 4 contacts at Chainguard, including the Founder/CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in computer & network security and Software around the same time

Companies in the same sectors as Chainguard that raised within 45 days of this round, from Fundz verified event records.

  • Censys raised $75M (Funding Round) on October 24, 2023.
  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Outway raised $505K (Pre-Seed) on December 15, 2023.
  • Business Draft raised $350K (Seed) on December 15, 2023.
  • Charmed AI raised $605K (Seed) on December 15, 2023.
  • Distributional raised $11M (Seed) on December 14, 2023.

Who to call at Chainguard, and when

A new round usually means Chainguard is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Chainguard raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Chainguard, from your own LinkedIn network

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Company Information

Company

Chainguard

Location

Kirkland, Washington, United States

About

Chainguard is the trusted source for open source. By delivering hardened, secure, and production-ready builds of all the open source software engineers rely on, Chainguard helps organizations build faster, stay compliant, and eliminate risk. Its customers include Fortune 500 enterprises and global industry leaders, including Anduril, Canva, Fortinet, Hewlett Packard Enterprise, Snap Inc., and Snowflake. Chainguard is venture-backed by leading investors, including Amplify, IVP, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Redpoint Ventures, Sequoia Capital, and Spark Capital.

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Fundz sees it the moment Chainguard raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

4 contacts
Verified contactsDan L., Founder/CEO hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Chainguard raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.