Seattle-area cybersecurity startup Chainguard landed $280 million in new financing, simply six months after a Collection D spherical pulled in $356 million.
The brand new funding, introduced Thursday, comes from Common Catalyst’s Buyer Worth Fund (CVF).
Based in 2021, Chainguard goals to assist clients safe their “software program provide chain,” a time period used to explain an organization’s software program manufacturing line.
Chainguard focuses on serving to corporations maintain their open supply software program safe and presents instruments to handle container photographs, a core code part of cloud-based functions. It has greater than 200 clients, together with ANZ Financial institution, Canva, GitLab, Hewlett Packard Enterprise, VPBank, and Wiz.
Technically based mostly in Kirkland, Wash., the distant startup employs greater than 500 individuals and has raised $892 million so far as its valuation has risen to $3.5 billion. The corporate is ranked No. 3 on the GeekWire 200 index of the Pacific Northwest’s prime startups, and Chainguard lately landed on LinkedIn’s listing of the highest 50 startups within the U.S. (at No. 18).
In fiscal 12 months 2025, Chainguard says it grew its annual recurring income seven occasions to $40 million.
CEO and co-founder Dan Lorenc mentioned the funding will assist speed up the adoption of Chainguard throughout extra corporations.
“Open supply powers the world, however the way in which it’s delivered and deployed usually introduces threat,” Lorenc mentioned in a press release. “At Chainguard, we’re flipping that script: we guard open supply from all of the issues that may go unsuitable with it, so engineering groups can construct something they need with it.”
Chainguard CFO Eyal Bar mentioned the partnership with Common Catalyst allows Chainguard “to scale go-to-market funding with out diluting possession or slowing innovation.”
As an alternative of utilizing fairness to fund gross sales and advertising spend, Common Catalyst gives structured development capital tied on to buyer acquisition and recurring income. The objective is to let startups like Chainguard protect fairness whereas utilizing outcome-based financing to scale effectively.
Earlier Chainguard traders embrace Amplify, IVP, Kleiner Perkins, Lightspeed Enterprise Companions, Mantis VC, Redpoint Ventures, Sequoia Capital, and Spark Capital.
Beforehand:
- Cybersecurity startup Chainguard lands $356M at $3.5B valuation, up from $1.1B a 12 months in the past
- Chainguard doesn’t have an workplace. Right here’s how the $3.5B cybersecurity startup makes distant work.
