Investing in a Secure Future
In the ever-evolving landscape of technology and cybersecurity, the need for robust solutions to protect our digital infrastructure has never been more critical. At Alpha Partners, we are proud to announce our investment in Chainguard’s $140 million Series C funding round. This investment not only elevates Chainguard to unicorn status, but also reinforces our commitment to supporting groundbreaking solutions in software security.
A Growing Threat
Founded in 2021 by industry veterans Dan Lorenc, Kim Lewandowski, and Ville Aikas, Chainguard has quickly become the standard for software supply chain security. Their approach focuses on verifying the integrity and security of open-source code components before they are implemented and shipped by developers. This proactive strategy is crucial in a world where more than 90% of enterprises are using open-source code. However, this widespread use has increased the attack surface area for bad actors to exploit vulnerabilities.
An Innovative Solution
The dramatic 800% increase in supply chain attacks highlights the urgent need for solutions like Chainguard’s. By creating a single destination for secure open-source code, Chainguard significantly reduces attack surface vulnerabilities, making it safer for companies to build and run open source applications. Their secure, hardened container images have become the gold standard for organizations seeking to minimize the attack surface area and protect their software supply chains.
Alpha’s Partnership
Our investment in Chainguard aligns with Alpha Partners’ strategy of collaborating with early investors to support promising founders as they scale their visions. We are honored to join a distinguished group of investors, including Redpoint Ventures, Lightspeed Venture Partners, Institutional Venture Partners, Amplify Partners, Mantis VC, Sequoia Capital, and Spark Capital. A special thanks to Mantis VC for their continued partnership and support in this journey.
”As an early-stage fund deploying in Seed and Series A startups, we are thrilled to partner with Alpha Partners,” said Jeffrey Evans, General Partner at Mantis VC. “We are excited to be able to continue to support our most promising founders as they raise subsequent rounds and look forward to continuing this partnership.”
Empowering Innovation
Chainguard’s solutions are trusted by leading technology companies and cybersecurity firms, including Anduril, Canva, Hewlett Packard Enterprise, and Snowflake. Their commitment to providing secure and compliant solutions tailored for federal and regulated industries further underscores their role as a critical player in the cybersecurity landscape.
With the new funding, Chainguard plans to expand its product capabilities, including the development of Chainguard AI Images, a suite of CPU and GPU-enabled container images optimized for efficient software development. This expansion will help secure emerging technologies like AI workloads and support international market growth.
Looking Ahead
As we look to the future, we are filled with optimism about the impact Chainguard will have on the cybersecurity industry. Their dedication to creating a secure software foundation is not just about technology; it’s about empowering developers to focus on innovation without compromising security.
At Alpha Partners, we believe in the power of technology to transform industries and improve lives. Our investment in Chainguard is a testament to this belief, and we are excited to support their mission to be the safe source for open-source software.
