Socket raises $40 million in a Series B round to expand its software supply chain security business. Its scanner detects malicious activity such as backdoors and obfuscated code in open-source components, and alerts developers when dependencies change. The company says it has more than 100 customers and protects over 7,500 organizations; the round brings its total funding to $65 million.
Socket lands $20M investment to help companies secure open source software
Socket announces a $20 million Series A led by Andreessen Horowitz to expand its open-source software security platform. Its scanner checks dependencies for risks including malware, typosquatting, misleading packages, unmaintained code, unknown maintainers, and excessive permissions. The funding brings Socket’s total raised to $24.6 million, and the company plans to grow its team and add support for more programming languages and integrations.
