Open source security startup Socket raises $40M Series B
Socket, a software provider that detects security vulnerabilities in open source code, has successfully raised a $40 million Series B funding round, as exclusively revealed by its CEO Feross Aboukhadijeh to Axios.
Why it matters:
With up to 90% of modern software incorporating open source elements, the work of companies like Socket is crucial in safeguarding digital ecosystems, as highlighted by cybersecurity consultant Andrew Boyle of Booz Allen Hamilton.
How it works:
Established in 2021, Socket has been instrumental in detecting and preventing over 100 zero-day software supply chain attacks on a weekly basis, according to Aboukhadijeh.
Zoom in:
The recent Series B funding round was led by Abstract Ventures and saw participation from existing investor Andreessen Horowitz, as well as notable figures such as former Facebook CTO and Open AI board chair Bret Taylor.
Catch up quick:
Reflecting on the company's journey, Aboukhadijeh mentioned that in 2022, he initiated Socket with the mission of fortifying the open source ecosystem to benefit all stakeholders.
What they're saying:
Aboukhadijeh emphasizes that Socket protects the most widely used open source ecosystems including Java, Ruby, Python, JavaScript, and Go, which are fundamental for developers in creating their most critical applications.
