Socket raised $40M in a Series B funding round led by Abstract Ventures to enhance its efforts in preventing software supply chain attacks.
Oct 22, 2024•10 months ago
Amount Raised
$40 Million
Round Type
series b
Investors
Tobias LütkePhil VenablesBret TaylorAndreessen HorowitzElad GilAbstract Ventures
Description
Socket, a security platform company, has successfully completed a $40 million Series B funding round. The investment will be utilized to improve security for open-source software and expand the company's team across engineering, product, and design sectors.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech