Software provide chain management corporation Cloudsmith raises $15M

Belfast, Northern Ireland-based computer software provide chain management startup Cloudsmith today announced that it closed a $15 million series A funding round led by Tiger Global, with participation from Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart. The infusion brings the company’s total raised to more than $17 million and will be used to expand Cloudsmith’s workforce from 17 personnel to 60 in the next year, specifically its U.S.-based sales and information engineering teams.

Cloudsmith cofounders Alan Carson and Lee Skillen met 12 years ago whilst working for the New York Stock Exchange. They began a computer software organization with each other in 2012 and constructed the platform that became Cloudsmith to address the package management and computer software distribution challenges that they encountered at that very first startup.

“Cloudsmith’s goal is to secure the software supply chains for companies … [We’re] a centralized pane of glass for an organization’s software supply chain, from trusted sources right through to delivery,” Carson told VentureBeat through e-mail. “Cloudsmith’s goal is to secure the software supply chains for companies. With [our] platform, engineers can set up a secure, cloud-native repository in just 60 seconds.”

Managing packages

In computer software, a package is a collection of files, along with data about these files. Package management has traditionally been on-premises, forcing corporations to devote a considerable quantity of funds to use datacenters to send computer software about the organization — and consumers. Cloudsmith’s platform aims to resolve this by assisting organizations distribute computer software with out the will need for regional datacenters and the fees related with them.

“While package management is by no means a new or flashy software space, it is a critical component of the software development lifecycle,” Vidya Raman, principal at investor Sorenson Ventures, stated in a statement. “That’s where Cloudsmith’s continuous packaging platform has come in and continues to lead that market.”

Cloudsmith can also automatically scan for safety vulnerabilities, assisting corporations stay away from introducing exploits into their computer software provide chains. As Raman notes, the safety of computer software provide chains is a important problem about the world, with President Joe Biden issuing an executive order in May that ordered the federal government to strengthen the safety of its personal provide chain.

“The need for both cloud-native software development and secure software supply chains has resulted in the need to reinvent package management … It is in the new world that Cloudsmith truly shines,” Carson added.

Cloudsmith — which sees JFrog, Sonatype Nexus, PackageCloud, and Gemfury as competitors — claims to have clients across Europe, the U.S., the Middle East, and Australia, such as the Internet Systems Consortium, Carta, and Font Awesome. U.S.-based organizations now make up 60% of the 5-year-old startup’s revenues.

Originally appeared on: TheSpuzz