Chainguard is taking the lead in protecting modern software. The security startup just secured $356 million in Series D funding, pushing its valuation to $3.5 billion. This massive round was led by Kleiner Perkins and IVP, with support from Salesforce Ventures, Datadog Ventures, and all previous investors.
The company solves a growing problem in software development. Today, nearly 90% of code in production is sourced from open repositories. That speed is a huge win—but it introduces risk. Developers often spend more time patching security issues than building new features. Chainguard helps teams shift from reactive fixes to proactive protection.
Founded in 2021 by Matthew Moore, Ville Aikas, Kim Lewandowski, and Dan Lorenc, Chainguard offers tools that lock down the software supply chain. Its core product, Chainguard Containers, delivers minimal, secure container images that help developers stay compliant without slowing down.
And it’s working. The company has grown annual recurring revenue from $6 million to $40 million in just one year. It expects to cross $100 million in 2026. Today, over 150 companies—including Canva, GitLab, Anduril, HPE, and Snap—use Chainguard’s tools to keep their systems safe.
The startup is expanding fast. With this new funding, it plans to grow in EMEA and APAC, where demand for software infrastructure security is rising. The team is also doubling down on product development and go-to-market efforts.
New offerings include Chainguard VMs—stripped-down virtual machines free of known vulnerabilities—and Chainguard Libraries, secure Java libraries built entirely from source. These tools help companies meet tough cybersecurity standards while reducing complexity.
Security leaders are seeing real results. Booz Allen’s Dylan Shepard said their teams can move faster and stay compliant using Chainguard containers. Snap’s Shrikant Pandhare shared that the platform helped cut down vulnerabilities and boosted their security foundation.
Investors continue to show strong interest in cybersecurity startups that solve real-world problems. Just last month, ReliaQuest raised $500 million at a $3.4 billion valuation. Like Chainguard, it’s proving that security innovation still commands serious capital.
As more businesses depend on open source, securing the software supply chain is no longer optional. With a clear mission and strong momentum, Chainguard is shaping the future of secure software development—one container at a time.
