Chainguard, a trusted source for open source, announced it has received $280 million in growth financing from General Catalyst's Customer Value Fund (CVF), enabling the company to meet growing demand and accelerate its mission to make open source software trustworthy by default.
This financing follows the company's Series D fundraise in April and marks $636 million total secured in the past six months and $892 million in total.
According to the vendor, Chainguard delivers hardened, secure, and production-ready builds of all the open source software engineers rely on today.
"Open source powers the world, but the way it's delivered and deployed often introduces risk. At Chainguard, we're flipping that script: we guard open source from all the things that can go wrong with it, so engineering teams can build anything they want with it," said Dan Lorenc, CEO and co-founder, Chainguard. "We're building the best, trusted source for open source. With this strategic capital, we can accelerate the adoption of Chainguard across more companies, helping engineering teams build faster, stay compliant, and eliminate risk."
Given Chainguard's strong unit economics, the company will use this balance sheet from General Catalyst to invest in and accelerate its go-to-market scale while preserving equity dollars for investments into product, engineering, and additional strategic long-term value creation, the company said.
This approach enhances the company's financial profile, supports disciplined growth, and positions Chainguard to capture a rapidly expanding market opportunity as trusted open source becomes mission-critical infrastructure for global enterprises.
"This growth capital reflects the strength of Chainguard's business, and how we're scaling rapidly, operating with discipline, and planning for the long term," said Eyal Bar, chief financial officer at Chainguard. "Our partnership with General Catalyst's Customer Value Fund (CVF) is an important part of that strategy: it enables us to scale go-to-market investment without diluting ownership or slowing innovation. This structure allows our commercial motion to fund its own growth while giving us the flexibility to double down on product and engineering—where our differentiation lies and build the operational scale and financial profile required for the next stage of growth."
For more information about this news, visit www.chainguard.dev.