Chainguard Raises Hefty $356M Series D at $3.5 Billion Valuation

The cash infusion brings Chainguard’s total funding to about $612 million since launching in 2021 and prices the company at $3.5 billion.

Chainguard, a start-up created by ex-Google software engineers to build and sell “hardened-by-default” open-source components, has raised $356 million in a Series D round led by Kleiner Perkins and IVP.

The Kirkland, Wash. company said new investors Salesforce Ventures and Datadog Ventures joined the round.

The cash infusion brings Chainguard’s total funding to about $612 million since its $5 million seed in 2021 and prices the company at $3.5 billion, according to a note from CEO Dan Lorenc.

Chainguard began by shipping pre-secured Linux container images that plug straight into Kubernetes environments and Lorenc now boasts that its catalog has grown from 400 to 1,400 images in the past year, pushing revenue from $5 million to $40 million. 

He said the company ...