WhiteSource Announces a $75 Million Investment in Series D Funding

WhiteSource, a provider in open source security and management, has raised $75 million in Series D funding, enabling the company to continue to grow its automated open source security solutions.

“Application security needs have gone beyond just detection to include continuous prioritization and prevention, as demonstrated by recent software supply chain attacks,” said Rami Sass, co-Founder and CEO of WhiteSource. “This investment brings us closer to creating a future where the cycle of application delivery is always a step ahead of any security risk, and where developers are easily equipped with code they can trust.”

This funding round was led by Pitango Growth, with participation by existing investors M12, Susquehanna Growth Equity, and 83North. This additional round brings WhiteSource’s total funding to $121.2 million.

This round of funding also reflects the pace and scale with which WhiteSource has been adopted globally, enabling it to become strategically self-sufficient in financing its own growth.

Named the leader in the Forrester Wave Software Composition Analysis, WhiteSource’s auto-remediation solution for open source vulnerabilities has proved successful within the enterprise market, with customers including Microsoft, IBM, Comcast and Pitney Bowes, according to the vendor. .

WhiteSource has offices in the U.S., UK, and Israel. The company was founded to provide a platform for collaborative open source security at scale. Using WhiteSource’s platform, organizations reduce up to 85% of security alerts by prioritizing vulnerabilities, and auto-remediating them using community-verified fixes.

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