Chainguard, a Kirkland, WA-based cybersecurity company, has raised $356 million in Series D funding at a $3.5 billion valuation.
Investors
The round was co-led by Kleiner Perkins and IVP, with participation from Salesforce Ventures, Datadog Ventures, and all existing investors, bringing Chainguard's total funding to $612 million.
Kleiner Perkins is a venture capital firm founded in 1972 and based in Menlo Park, California. The firm invests in early-stage, incubation, and growth companies across technology, life sciences, and green tech.
IVP (Institutional Venture Partners) is a venture capital and growth equity firm based in the United States, primarily investing in late-stage and growth-stage technology companies across various sectors, including software, fintech, health tech, and consumer technology.
Chainguard Use of Funds
The company will use the funding to drive product innovation, scale go-to-market operations, and expand its global footprint across EMEA and APAC.
About Chainguard
Chainguard is a cybersecurity company focused on securing the software supply chain through cloud-based tools and services. Its products, such as Chainguard Containers, Chainguard VMs, and Chainguard Libraries, enable organizations to build and deploy software securely, with an emphasis on vulnerability-free infrastructure. By offering guarded open-source software built from source and continuously updated, Chainguard helps organizations eliminate threats within their software supply chains. The company's clients include organizations like ANZ Bank, Canva, GitLab, Hewlett Packard Enterprise, Oceaneering International, Snap Inc., Univar Solutions, VPBank, and Wiz.
Funding Details
Company: Chainguard, Inc.
Raised: $356.0M
Round: Series D
Funding Date: April 2025
Lead Investor: Kleiner Perkins, IVP
Additional Investors: Salesforce Ventures, Datadog Ventures, and all existing investors
Company Website: https://www.chainguard.dev/
Software Category: Software Supply Chain Security / Infrastructure Security
Source: https://www.prnewswire.com/news-releases/chainguard-raises-356-million-in-series-d-funding-to-be-the-safe-source-for-all-open-source-302435220.html