Cloudsmith, the cloud-native artifact management platform redefining software supply chain security, has raised $23 million in Series B funding, which was led by TCV, with participation from Insight Partners and existing investors. This infusion in capital will drive Cloudsmith’s expansion of its platform, powering enterprises' ability to control, secure, and scale their software supply chains.
Cloudsmith’s platform is a cloud-native, global, universal artifact management solution for protecting the software supply chain, aiming to bring a single source of truth for software. Delivering an alternative to legacy artifact management offerings—such as those from JFrog and Sonatype—Cloudsmith offers the most scalable solution for providing a standardized, compliance-driven approach to artifact management across hundreds of developer teams amid their diverse workflows, according to the company.
"Cloudsmith was founded to redefine artifact management, and with this investment, we’re accelerating towards our mission at full scale," said Lee Skillen, Cloudsmith’s CTO and co-founder.
Between mounting regulations and an increasingly complex threat landscape, securing the software supply chain is becoming a significant investment for many global enterprises. The Cloudsmith platform enables engineering teams to secure the software development lifecycle without sacrificing speed, the company noted.
“The way software is built is fundamentally changing, making artifact management mission-critical for developers, cybersecurity professionals, and platform engineers alike,” said Glenn Weinstein, Cloudsmith’s CEO. “Enterprises 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’s largest and most complex organizations.”
“We believe in Cloudsmith’s vision to become the backbone of modern software supply chains,” said Morgan Gerlak, partner at TCV. “Cloudsmith is showing why artifact management is a crucial component of the DevOps toolkit, enabling enterprises to better control, secure, and distribute software. We’re excited to support the company in its next phase of growth.”
To learn more about Cloudsmith, please visit https://cloudsmith.com/.