Lineaje, a software supply chain security management firm, has scored $7m in a seed funding round led by Tenable Ventures.
The round also includes participation from a range of other industry-leading executives and cyber technology companies including Dreamit Ventures, Veear Capital and Richard Clarke’s Belltower Fund Group.
The new injection of capital comes at a pivotal time as the company also announces SB0M360, a first-of-a-kind software supply chain management solution, as well as a new distribution partnership with Persistent Systems.
Lineaje’s technology helps organisations secure their complete software supply chain whether they build, buy, or use software. Lineaje’s unique approach can determine the components of all software and expose each component’s multi-level dependency chain. Its cutting-edge fingerprinting technology can attest to the authenticity of the entire supply chain, eliminating supply chain compromises.
Lineaje’s flagship product, SBOM360, is the industry’s first software supply chain and software bill of materials (SBOM) manager. Customers can manage the software supply chain of all software – built or bought by a company.
According to Lineaje, Tenable Ventures is working with Lineaje to create shareable data models so that software supply chain data can create better runtime security that comprehends and secures built-in weaknesses in deployed software.
With the new funding, Lineaje will accelerate its go-to-market strategy, invest in continued R&D, and expand its workforce.
Javed Hasan – CEO and co-founder of Lineaje – said, “Developers trust open source and third-party packages that they include in their software assuming integrity of the software supply chain. Unfortunately, supply chain attacks have proven that this trust is misplaced.
“Lineaje brings a trust but verify approach to the software supply chain by automatically attesting to the integrity of every component in your software and delivering high quality alerts when that verification is not achieved.”
Elementus, a blockchain intelligence platform aimed at helping financial institutions and crypto exchanges, has recently raised $10m in its Series A-1 round.
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