Cloudsmith, a cloud-native artifact management platform redefining software supply chain security, announced it has raised a $23 million Series B funding round led by TCV, with participation from Insight Partners and existing investors. Existing investors MMC, Frontline, Techstart, Sorenson, Tapestry, and Shasta continued their support, while increasing their investments in Cloudsmith as part of this funding round.
Cloudsmith is utilized by enterprises that need control, security, and scalability in their software supply chain, and the company is cementing its position as the modern, developer-friendly, and enterprise-scale alternative to legacy artifact management offerings.
Cloudsmith grew by nearly 150% last year, significantly expanding its enterprise customer base by adding Fortune 500 and Global 2000 companies switching to modern artifact management. The funding from this oversubscribed funding round will go towards expanding sales, marketing, and customer success teams, innovation in software supply chain security product features, and investing in AI R&D.
Developers, Platform Engineering teams, and DevOps teams need to be able to depend on a centralized artifact management platform that can scale across a global enterprise. And Cloudsmith’s cloud-native platform has proven to be the most scalable solution for providing a standardized, compliance-driven approach to artifact management across hundreds of developer teams using disparate formats, programming languages, and technologies.
Cloudsmith’s Belfast headquarters remains the center of its global operations, with expansion plans across engineering, product, sales, and customer success to support its growing enterprise customer base. And Cloudsmith serves a worldwide customer base, with 75% of revenue from U.S.-based customers. Cloudsmith is one of the leading software companies founded in Northern Ireland, strengthening its tech ecosystem and attracting top-tier talent.
KEY QUOTES:
“Cloudsmith was founded to redefine artifact management, and with this investment, we’re accelerating towards our mission at full scale. Alan (Carson) and I remain deeply committed to making Cloudsmith the definitive global leader in software supply chain security.”
- Lee Skillen, Cloudsmith’s CTO and co-founder
“The way software is built is fundamentally changing, making artifact management mission-critical for developers, cybersecurity professionals, and platform engineers alike. Enterprises need real-time observability, security, and control over their software supply chain. This new investment will help us to keep scaling up to meet the needs of the world’s largest and most complex organizations.”
- Glenn Weinstein, Cloudsmith’s CEO
“We believe in Cloudsmith’s vision to become the backbone of modern software supply chains. Cloudsmith is showing why artifact management is a crucial component of the DevOps toolkit, enabling enterprises to better control, secure, and distribute software. We’re excited to support the company in its next phase of growth.”
- Morgan Gerlak, Partner at TCV
