- Lineaje announced it raised $7 million. These are the details.
Lineaje – an emerging leader in software supply chain security management – announced that it has closed a $7 million seed funding round led by Tenable Ventures, which is a corporate investment program of Tenable, the exposure management company. This funding round also includes participation from other industry-leading executives and cyber technology companies. The new capital injection comes at a pivotal time as the company also announces SB0M360, a first-of-a-kind software supply chain management solution, as well as a new distribution partnership with Persistent Systems.
Lineaje’s technology helps organizations secure their complete software supply chain whether they build, buy, or use the software. And Lineaje’s unique approach can determine the components of all software and expose each component’s multi-level dependency chain. The company’s cutting-edge fingerprinting technology can attest to the authenticity of the entire supply chain, eliminating supply chain compromises. Validating this approach, Tenable selected Lineaje as 1 of 3 inaugural members of Tenable Ventures.
Tenable Ventures is now working with Lineaje to create shareable data models so that software supply chain data can create better runtime security that comprehends and secures built-in weaknesses in deployed software.
The funding round also includes participation from Dreamit Ventures, Veear Capital, Richard Clarke’s Belltower Fund Group, and other prominent cyber security executives. And with the combined seed investment, Lineaje will accelerate its go-to-market strategy, invest in continued R&D, and expand its workforce.
Lineaje has over 150,000 software bill of materials (SBOMs), managed by SBOM360, spanning custom applications, open source, packages, commercial off-the-shelf (COTS), mobile apps, and containers, accelerating supply chain management progress for all its customers.
Plus, Lineaje is announcing new distribution agreements with Persistent Systems, a global digital engineering leader. Persistent Systems will resell SBOM360 and use SBOM360 to create and manage the software supply chains of its customers.
KEY QUOTES:
“Lineaje and Tenable share the same vision – to reduce customers’ exposure to attacks on their digital infrastructure. Lineaje’s ability to detect what’s in your software and assess and mitigate software supply chain risks gives organizations the assurance that the software they deploy to run their business will not be used to harm them.”
— Matthew Olton, Senior Vice President, Tenable
“Developers trust open source and third-party packages that they include in their software assuming integrity of the software supply chain. Unfortunately, supply chain attacks have proven that this trust is misplaced. Lineaje brings a trust but verify approach to the software supply chain by automatically attesting to the integrity of every component in your software and delivering high quality alerts when that verification is not achieved.”
— Lineaje CEO and Co-founder Javed Hasan
“Lineaje’s SBOM360 is instrumental in assessing and managing the software supply chain of both new applications as well as legacy products. We are excited to take this first-of-its-kind offering to market globally. In working with Lineaje, our goal is to spotlight how Persistent Systems ensures that components used in our built and managed software are secure.”
— Nitish Shrivastava, SVP, Products, Persistent Systems
