Fundz

Socket raised $40M in a Series B funding round led by Abstract Ventures to enhance its efforts in preventing software supply chain attacks.

PRIVATEOct 22, 2024

Amount Raised

$40 Million

Round Type

Series B

Financial ServicesSoftware

Investors

Elad GilAndreessen HorowitzBret TaylorPhil VenablesTobias LütkeAbstract Ventures

Description

Socket, a security platform company, has successfully completed a $40 million Series B funding round. The investment will be utilized to improve security for open-source software and expand the company's team across engineering, product, and design sectors.

Quick answer

Socket raised $40 Million in a Series B round, dated October 22, 2024. Investors: Elad Gil, Andreessen Horowitz, Bret Taylor, Phil Venables, Tobias Lütke and Abstract Ventures.

How much did Socket raise?
Socket raised $40 Million in a Series B round on October 22, 2024.
Who invested in Socket?
Elad Gil, Andreessen Horowitz, Bret Taylor, Phil Venables, Tobias Lütke and Abstract Ventures are named as investors in this round.
What does Socket do?
Socket is a cybersecurity platform that protects companies from software supply chain attacks.
Who are the decision-makers at Socket?
Fundz holds 2 contacts at Socket. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Software around the same time

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

  • RevFin raised $14M (Series B) on December 1, 2024.
  • Capitolis raised $20M on November 25, 2024.
  • OneCard raised $8.4M (Series D) on November 25, 2024.
  • Credflow raised $3.7M (Seed) on November 21, 2024.
  • CellPoint Digital raised $30M (Funding Round) on November 21, 2024.
  • NovoPayment raised $20M (Private Equity) on November 18, 2024.

Who to call at Socket, and when

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

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

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Company Information

Company

Socket

About

Socket is a cybersecurity platform that protects companies from software supply chain attacks. Companies use Socket to protect their software applications and critical services from malware and security threats originating in open source code.

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

Related People

2 contacts
Predictive Intelligence
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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

Socket 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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