(Photo courtesy Sonatype/YouTube)
Sonatype, a Fulton, Md.–based company that makes a platform to manage and secure open source software development, closed on $80M in growth funding, the company announced on Friday.
The round was led by San Francisco–based private equity firm TPG, which took a minority investment. Previous investors Accel, Goldman Sachs Group and Hummer Winblad.
— Sonatype (@sonatype) September 7, 2018
The company is looking to grow development and sales of its Nexus platform, which helps corporate and government clients automate the process of finding and managing open source software components. The platform monitors the components for security risks and other potential issues. It’s built on the principle of “DevSecOps,” which brings security to the process of rapidly developing software.
“Open source innovation has never been more vibrant but, as with any software, there is also potential downside,” Sonatype CEO Wayne Jackson said in a statement. “At Sonatype, we’re enabling organizations to confidently embrace open source so that they can both accelerate innovation and also mitigate risk.”
Founded in 2008, Jackson joined the company as CEO after leading Columbia cybersecurity company Sourcefire. The company said it has 1,000 customers, and grew sales 80 percent year-over-year in the first half of 2018.
The company was recently featured on Technical.ly’s realLIST 2018 featuring Howard County companies.-30-
Vixiar Medical raises $1.5M, reports progress on heart failure monitoring device
BurnAlong raises $1.5M, moves to new offices in Pikesville
Hanover’s Dragos looks to grow with a Houston office and an Atlanta acquisition
At 14 West, only go-getters need apply
At RSA Conference, Maryland looks to make cybersecurity connections beyond the state
Howard County’s RackTop Systems raises $15M to expand its data storage and security product
Contrast Security raises $65 million in Series D funding
Learn to lead digital transformation at Phorum 2019
Sign-up for daily news updates from Technical.ly Baltimore