Socket Raises $40M Series B to Combat Software Supply Chain Attacks

Socket, the leading platform for software supply chain security, has raised $40M in Series B funding led by Abstract Ventures, with participation from prominent investors including Andreessen Horowitz and notable tech leaders like Bret Taylor and Tobias Lütke. The company, which has now raised $65M in total, protects over 7,500 organizations and 300,000 GitHub repositories by monitoring open source packages for malicious behaviors such as backdoors and typo-squatting across six programming languages. With over 90% of modern applications relying on open source software, Socket's platform detects and blocks more than 100 supply chain attacks weekly using AI-powered threat detection. The funding will support team expansion and further product development as the company continues to modernize security for open source software.

https://www.thefastmode.com/investments-and-expansions/37831-socket-secures-40m-in-funding-to-revolutionize-open-source-security

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