Cloudsmith Secures €21.9 Million to Fortify Software Supply Chains
March 3, 2025, 11:04 pm
Location: United Kingdom, Northern Ireland, Belfast
Employees: 11-50
Founded date: 2016
Total raised: $43.7M
In the fast-paced world of technology, securing the software supply chain is like fortifying a castle. Belfast-based Cloudsmith has just raised €21.9 million in a Series B funding round, aiming to strengthen its position as a leader in artifact management. This funding round, led by TCV, saw participation from Insight Partners and existing investors like MMC, Frontline, Techstart, Sorenson, Tapestry, and Shasta.
Founded in 2016, Cloudsmith is a cloud-native platform designed to manage software artifacts securely. Think of it as a vault for digital treasures. The company has experienced remarkable growth, boasting a 150% increase in revenue last year. This surge is largely due to the influx of Fortune 500 and Global 2000 companies that are shifting towards modern artifact management solutions.
The new capital will be channeled into expanding sales, marketing, and customer success teams. It will also fuel innovation in software supply chain security features and bolster research and development in artificial intelligence. The stakes are high. With over 90% of enterprise software applications relying on open-source and third-party code, the need for robust artifact security is paramount.
As software threats loom larger, enterprises are scrambling to secure their digital assets. The pressure to comply with regulations like the U.S. Executive Order on Cybersecurity and the EU’s Digital Operational Resilience Act (DORA) is mounting. These mandates emphasize the necessity for visibility, control, and security throughout the software development lifecycle. Cloudsmith’s fully managed, globally distributed architecture allows engineering teams to mitigate risks without sacrificing speed.
Cloudsmith’s platform serves a diverse global customer base, with 75% of its revenue coming from U.S.-based clients. This is a testament to its effectiveness in meeting the needs of enterprises that demand control, security, and scalability. The company’s cloud-native solution provides a standardized, compliance-driven approach to artifact management, catering to hundreds of developer teams using various programming languages and technologies.
The landscape of software development is shifting. Artifact management is no longer a luxury; it’s a necessity. Developers, cybersecurity professionals, and platform engineers need reliable tools to navigate this evolving terrain. Cloudsmith’s platform offers real-time observability, security, and control, making it an essential component of the modern DevOps toolkit.
Gartner reports that 44% of organizations plan to significantly increase their spending on supply chain cybersecurity. This statistic underscores the growing demand for stronger artifact security. As enterprises face increasing scrutiny and regulatory pressures, the need for a centralized artifact management platform becomes even more critical.
Cloudsmith’s co-founders, Lee Skillen and Alan Carson, are committed to making the company a global leader in software supply chain security. Their vision is clear: to redefine artifact management and ensure that enterprises can build, deploy, and ship software with confidence. The recent funding will accelerate their mission, allowing them to scale operations and enhance their product offerings.
Investors are optimistic about Cloudsmith’s potential. TCV partner Morgan Gerlak expressed confidence in the company’s vision, highlighting the importance of artifact management in today’s software development landscape. The support from seasoned investors reflects a belief in Cloudsmith’s ability to navigate the complexities of the software supply chain.
As the digital landscape continues to evolve, the need for secure and efficient software supply chains will only grow. Cloudsmith is poised to meet this demand head-on. With a robust platform and a clear strategy, the company is ready to tackle the challenges that lie ahead.
In conclusion, Cloudsmith’s recent funding round is a significant milestone in the quest for secure software supply chains. The investment will enable the company to expand its reach and enhance its offerings, solidifying its position as a leader in artifact management. As enterprises navigate the complexities of software development, Cloudsmith stands ready to provide the tools they need to succeed. The future of software supply chain security is bright, and Cloudsmith is at the forefront of this transformation.
Founded in 2016, Cloudsmith is a cloud-native platform designed to manage software artifacts securely. Think of it as a vault for digital treasures. The company has experienced remarkable growth, boasting a 150% increase in revenue last year. This surge is largely due to the influx of Fortune 500 and Global 2000 companies that are shifting towards modern artifact management solutions.
The new capital will be channeled into expanding sales, marketing, and customer success teams. It will also fuel innovation in software supply chain security features and bolster research and development in artificial intelligence. The stakes are high. With over 90% of enterprise software applications relying on open-source and third-party code, the need for robust artifact security is paramount.
As software threats loom larger, enterprises are scrambling to secure their digital assets. The pressure to comply with regulations like the U.S. Executive Order on Cybersecurity and the EU’s Digital Operational Resilience Act (DORA) is mounting. These mandates emphasize the necessity for visibility, control, and security throughout the software development lifecycle. Cloudsmith’s fully managed, globally distributed architecture allows engineering teams to mitigate risks without sacrificing speed.
Cloudsmith’s platform serves a diverse global customer base, with 75% of its revenue coming from U.S.-based clients. This is a testament to its effectiveness in meeting the needs of enterprises that demand control, security, and scalability. The company’s cloud-native solution provides a standardized, compliance-driven approach to artifact management, catering to hundreds of developer teams using various programming languages and technologies.
The landscape of software development is shifting. Artifact management is no longer a luxury; it’s a necessity. Developers, cybersecurity professionals, and platform engineers need reliable tools to navigate this evolving terrain. Cloudsmith’s platform offers real-time observability, security, and control, making it an essential component of the modern DevOps toolkit.
Gartner reports that 44% of organizations plan to significantly increase their spending on supply chain cybersecurity. This statistic underscores the growing demand for stronger artifact security. As enterprises face increasing scrutiny and regulatory pressures, the need for a centralized artifact management platform becomes even more critical.
Cloudsmith’s co-founders, Lee Skillen and Alan Carson, are committed to making the company a global leader in software supply chain security. Their vision is clear: to redefine artifact management and ensure that enterprises can build, deploy, and ship software with confidence. The recent funding will accelerate their mission, allowing them to scale operations and enhance their product offerings.
Investors are optimistic about Cloudsmith’s potential. TCV partner Morgan Gerlak expressed confidence in the company’s vision, highlighting the importance of artifact management in today’s software development landscape. The support from seasoned investors reflects a belief in Cloudsmith’s ability to navigate the complexities of the software supply chain.
As the digital landscape continues to evolve, the need for secure and efficient software supply chains will only grow. Cloudsmith is poised to meet this demand head-on. With a robust platform and a clear strategy, the company is ready to tackle the challenges that lie ahead.
In conclusion, Cloudsmith’s recent funding round is a significant milestone in the quest for secure software supply chains. The investment will enable the company to expand its reach and enhance its offerings, solidifying its position as a leader in artifact management. As enterprises navigate the complexities of software development, Cloudsmith stands ready to provide the tools they need to succeed. The future of software supply chain security is bright, and Cloudsmith is at the forefront of this transformation.