Chainguard Raises $356 Million in Series D Funding to Secure Open Source Software
- Editor
- Apr 23
- 1 min read
Whats Happening:
Chainguard, a company focused on securing software development and deployment, has raised $356 million in Series D funding. The round, co-led by IVP and Kleiner Perkins, values the company at $3.5 billion. New investors Salesforce Ventures and Datadog Ventures also participated, along with existing investors. Chainguard has grown its annual recurring revenue (ARR) to $40 million and expects to surpass $100 million before the end of fiscal year 2026.
Key Moves:
Chainguard raises $356 million in Series D funding
Company valuation reaches $3.5 billion
ARR grows to $40 million, expected to exceed $100 million by FY2026
By The Numbers:
Series D funding: $356 million
Company valuation: $3.5 billion
Current ARR: $40 million
Key Quotes:
"Chainguard was founded on a simple yet powerful belief that security and innovation should go hand in hand," said Dan Lorenc, CEO and Co-founder, Chainguard.
"Chainguard is at the forefront of setting the industry standard for secure-by-default infrastructure," said Nowi Kallen, Managing Director, Salesforce Ventures.
"Few companies can say they're defining a new category—Chainguard is one of them," said Mamoon Hamid, Partner, Kleiner Perkins.
Bottom Line:
Chainguard's successful Series D funding round demonstrates strong investor confidence in its mission to secure open source software. With a significant valuation increase and rapid revenue growth, the company is well-positioned to expand its product offerings and market presence, potentially reshaping the landscape of software supply chain security.
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