Lineaje, a leader and force in continuous software supply chain security management, announced a landmark $20 million Series A funding round led by Prosperity7 Ventures, Neotribe, and Hitachi Ventures, alongside existing investor Tenable Ventures—underscoring the escalating global demand for robust software supply chain security solutions and recognizing Lineaje's innovative approach to addressing the critical challenges faced by enterprises across diverse industries.
This round also includes participation from Carahsoft, the world’s largest software distributor serving the U.S. Government, alongside Wipro Ventures, Secure Octane Investments, J-Ventures, and Alumni Ventures.
With additional contributions from executives at Zscaler, CrowdStrike, and Trellix, this investment brings Lineaje’s total funding to $27 million.
Lineaje will leverage the new investment to accelerate customer acquisition and fortify its AI-powered platform, expanding its innovative BOMbots insights and introducing new advancements to autonomously resolve software supply chain issues.
“This funding marks a pivotal moment for Lineaje as we spearhead the global transformation in software supply chain security and management. Our mission is to empower both public and private sector organizations to effortlessly maintain and secure their entire software ecosystems,” said Javed Hasan, CEO of Lineaje. “A key focus will be advancing our Lineaje AI capabilities to deliver known, secure open-source software to organizations, dramatically reducing enterprise software maintenance investments. With great global partners joining the round, we now have both the relationships and the capital necessary to drive global business for our award-winning product portfolio.”
Investors are also keen on Lineaje’s ability to reduce the financial burden from software supply chain attacks and its operational continuity as compelling reasons for their investment.
"We view software supply chain attacks as an existential threat to modern enterprises. Lineaje's comprehensive approach, going beyond point solutions to holistically address software security from development to deployment, truly sets them apart,” said Abhishek Shukla, managing director, Prosperity7 Ventures. “We are proud to support Lineaje as they revolutionize this crucial aspect of cybersecurity and safeguard the digital ecosystems that underpin our global economy."
For more information about this news, visit www.lineaje.com.