Cloudsmith, a Belfast, Northern Ireland-based software supply chain management startup, closed a $15 million Series A funding round.
The round was led by Tiger Global, with participation from Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart. The infusion brings the company’s total raised to over $17 million.
The fund will be used to expand Cloudsmith’s workforce from 17 employees to 60 in the next year, particularly its U.S.-based sales and data engineering teams.
Company: Cloudsmith Ltd.
Raised: $15.0M
Round: Series A
Funding Month: September 2021
Lead Investors: Tiger Global
Additional Investors: Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart
Company Website: https://cloudsmith.com/
Software Category: Supply chain management
About the Company: Cloudsmith cofounders Alan Carson and Lee Skillen met 12 years ago while working for the New York Stock Exchange. They started a software business together in 2012 and built the platform that became Cloudsmith to address the package management and software distribution challenges that they encountered at that first startup. Cloudsmith is a cloud-native DevOps warehouse built on Package Management that secures, controls, and accelerates software delivery, worldwide. It's an Enterprise-grade Software-as-a-Service (SaaS) that handles your package management. Cloudsmith can also automatically scan for security vulnerabilities, helping businesses avoid introducing exploits into their software supply chains. Cloudsmith’s goal is to secure the software supply chains for companies.
Source: https://venturebeat.com/2021/09/21/software-supply-chain-management-company-cloudsmith-raises-15m/