Cloudsmith, a universal artifact management platform based in Belfast, Northern Ireland, has raised $72 million in a Series C financing round to accelerate product development and expand its go-to-market capabilities as enterprises increasingly adopt AI-driven software development. The round was led by TCV and included participation from Insight Partners, along with other existing investors.
The funding arrives one year after Cloudsmith’s Series B and follows a period of strong year-over-year growth. Enterprises including Fortune 500 and Global 2000 companies are replacing legacy artifact management tools with Cloudsmith’s cloud-native platform, while organizations adopting AI coding agents are turning to Cloudsmith to provide the governance and guardrails their software supply chains require.
The artifact management market has been fundamentally reshaped by AI agentic software development. As AI coding agents generate code at unprecedented velocity and volume, the software artifacts and dependencies they produce introduce an expanding threat surface that has become a board-level concern. Enterprises must now manage software supply chains spanning open source libraries, internal packages, and third-party dependencies, all while facing growing regulatory pressure to demonstrate that AI-generated software is secure by design.
Cloudsmith’s platform gives engineering teams the scale and visibility needed to govern every package at every stage, providing the infrastructure to manage, secure, and govern packages across every format and environment. The company says it is built cloud-native from the ground up and is designed to provide the supply chain controls that modern enterprises need to ship software with confidence.
TCV and Insight Partners’ decision to reinvest reflects their conviction in Cloudsmith’s leadership, product, and market position, as well as their track record of backing category-defining software infrastructure companies.
KEY QUOTES:
“Cloudsmith is the only platform built for the way software is being developed today — by AI agents. We’re never going back to hand-crafted software. AI agents generate so much software, so fast, it’s nearly impossible for humans to carefully review it all. Cloudsmith has the scale, and the broad view across the open-source ecosystem, to protect enterprises against the new kinds of threats that AI-driven development introduces. TCV and Insight Partners both recognise this profound shift, and their backing is helping Cloudsmith scale up for the massive wave of adoption of AI agents across enterprise software teams.”
Glenn Weinstein, CEO, Cloudsmith
“Having led Cloudsmith’s Series B and now its Series C, TCV is proud to deepen our partnership with a company we see as defining artifact management for the AI era. As AI shapes the software supply chain, we believe Cloudsmith is uniquely positioned to become a platform enterprises rely on for compliance, control, and security at global scale.”
Morgan Gerlak, Partner, TCV
“In an era increasingly defined by AI-driven development, securing the software supply chain is critical. As a cloud-native offering, Cloudsmith is well positioned to do this – providing the scale and reliability needed to help power enterprise and AI-driven builds and mitigate emerging risks. We believe in Cloudsmith’s vision to secure the software supply chain by serving as a curated, AI-ready solution for enterprises of all sizes.”
Thomas Krane, Managing Director, Insight Partners
