Belfast tech firm Cloudsmith has raised 拢18m in Series B funding with an eye on global growth.
Cloudsmith is used by enterprises that need control, security and scalability in their software supply chain. It is positioned as a developer-friendly, enterprise-scale alternative to legacy artifact management offerings from JFrog and Sonatype.聽
Software supply chain security is now imperative at the CEO level, it says. Developers, platform engineering and DevOps teams using disparate formats, programming languages and technologies need to be able to rely on a centralised platform.
The firm grew nearly 150% last year, significantly expanding its enterprise customer base by adding Fortune 500 and Global 2000 companies.
The round was led by TCV, with participation from Insight Partners and existing investors MMC, Frontline, Techstart, Sorenson, Tapestry and Shasta.
“Cloudsmith was founded to redefine artifact management, and with this investment, we鈥檙e accelerating towards our mission at full scale,” said Lee Skillen, Cloudsmith鈥檚 CTO and co-founder.
Belfast science hub appoints PropTech co-founder as new head
Cloudsmith serves a worldwide customer base, with 75% of revenue from US-based customers.
鈥淭he way software is built is fundamentally changing, making artifact management mission-critical for developers, cybersecurity professionals, and platform engineers alike,鈥� said Glenn Weinstein, CEO.聽
鈥淓nterprises need real-time observability, security, and control over their software supply chain. This new investment will help us to keep scaling up to meet the needs of the world鈥檚 largest and most complex organizations.鈥澛�
Morgan Gerlak, partner at TCV, added: 鈥淲e believe in Cloudsmith鈥檚 vision to become the backbone of modern software supply chains.
鈥淐loudsmith is showing why artifact management is a crucial component of the DevOps toolkit, enabling enterprises to better control, secure, and distribute software. We鈥檙e excited to support the company in its next phase of growth.鈥�