Socket, a leading platform in software supply chain security, has just secured a significant $40m in Series B funding.
The round was spearheaded by Abstract Ventures, with noteworthy participation from Elad Gil and Andreessen Horowitz (a16z). This latest financial boost brings Socket’s total raised funds to $65m, underpinning its mission to revolutionize security for open-source software.
This San Francisco-based company is at the forefront of battling software supply chain attacks by proactively monitoring open-source packages for threats such as backdoors and typo-squatting. By focusing on real-time threat detection, Socket protects companies against malware and other security risks that compromise applications and services.
The fresh capital will be channelled into expanding Socket’s team, enhancing its technology, and driving product development. Specifically, the funding will bolster engineering, product, and design capacities, equipping Socket to meet the rising demand for robust software security solutions.
In the past year alone, Socket has introduced cutting-edge features, including AI-powered threat detection which now supports six programming languages. These innovations have been crucial in identifying and blocking over 100 software supply chain attacks weekly, showcasing the platform’s pivotal role in securing over 7,500 organizations and 300,000 GitHub repositories.
Socket founder and CEO Feross Aboukhadijeh, said, “We’re building a world-class team to tackle one of the most urgent challenges in software today,”
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