Chainguard Raises $61M in Series B Funding


Chainguard, a Kirkland, WA-based software supply chain security company, raised $61M in Series B funding.

The round was led by Spark Capital and existing investors Sequoia Capital, Amplify Partners, The Chainsmoker’s Mantis VC, and Banana Capital.

The company intends to use the funds to expand the global go-to-market team, invest in product research and innovation and customer support services.

Led by CEO Dan Lorenc, Chainguard is an open source software, supply chain security and cloud native development company. Core to its offering is Chainguard Images, a comprehensive collection of minimal container images used by Fortune 500 companies in the financial services and technology sectors, as well as startups and SBMs. The company has expanded its Images solution to include a growing inventory of secure container images with over a million image builds, giving developers the freedom to build safe software with the tools and applications they know and love. The solution also includes a comprehensive API for customers to understand changes in vulnerability status from Image version to version and critical software supply chain security requirements like Software Bill of Materials (SBOMs) and software signatures. Customers include the Department of Homeland Security, GitGuardian, Hewlett Packard Enterprise, Snowflake, Sourcegraph, Replicated and more.

Over the past six months alone, the company’s annual recurring revenue (ARR) has tripled.