Socket Raises $40 Million for Security Expansion

Socket, a developer-first security platform, has raised $40 million in Series B funding to enhance its efforts in securing open-source software against supply chain attacks. Founded in 2020 by Feross Aboukhadijeh, the company aims to address the vulnerabilities inherent in open-source components, with recent reports showing that over half of organizations have faced software supply chain attacks. The funding will allow Socket to expand its team and improve its platform, which proactively monitors for threats such as malware and backdoors, while also supporting six programming languages. Notable investors include Abstract Ventures, Andreessen Horowitz, and angel investors like Bret Taylor from OpenAI. As demand for robust security solutions rises amid the increasing use of generative AI, Socket positions itself as a leading alternative to traditional Software Composition Analysis tools like Snyk. The platform is already trusted by major firms in AI, B2B, and finance sectors, reflecting its growing importance in the tech landscape.