Cloudsmith Secures $23M in Series B to Bolster Software Supply Chain Security

Cloudsmith, a Northern Irish startup specializing in artifact management for software development, recently closed a $23 million Series B financing round. This funding round was led by TCV with participation from Insight Partners and returning investors. The investment aims to fuel Cloudsmith’s growth and enhance its platform designed to secure the software supply chain against vulnerabilities typical in open-source software. As a platform, Cloudsmith serves as a private registry, ensuring all binary artifacts are secure and available, even as versions change or become unavailable in open-source registries. With a focus on improving software supply chain security, Cloudsmith scans dependencies for vulnerabilities and other issues before they are utilized in production environments. The company operates predominantly in the U.S. market, with the majority of its revenue sourced from American clients. Founded in 2016 by Alan Carson and Lee Skillen and later joined by CEO Glenn Weinstein, Cloudsmith plans to expand its workforce, particularly in sales and research and development, as it aims to leverage AI for improved package recommendations and cybersecurity solutions.