Continuous software supply chain security management solutions provider Lineaje on Tuesday announced raising $20 million in a Series A funding round that brings the total investment in the company to $27 million.
Lineaje previously raised $7 million in a seed funding round disclosed in February 2023.
The latest funding was led by Prosperity7 Ventures, Neotribe, Hitachi Ventures, and Tenable Ventures, with participation from Carahsoft, Wipro Ventures, J-Ventures, Secure Octane Investments, Alumni Ventures, and angel investors.
This strategic investment will help Lineaje’s global expansion and technological advancement.
Founded in 2021, the Saratoga, California-based company provides a comprehensive governance platform for software supply chain security management.
Lineaje provides software bill of materials (SBOM) manager and an SBOM exchange, as well as a third-party risk manager, and an open source risk manager, which can be used by companies that source, build, buy, or use software applications.
“This funding marks a pivotal moment for Lineaje as we spearhead the global transformation in software supply chain security and management. Our mission is to empower both public and private sector organizations to effortlessly maintain and secure their entire software ecosystems,” said Javed Hasan, CEO of Lineaje.
“A key focus will be advancing our Lineaje AI capabilities to deliver known, secure open-source software to organizations, dramatically reducing enterprise software maintenance investments. With great global partners joining the round, we now have both the relationships and the capital necessary to drive global business for our award-winning product portfolio,” Hasan added.
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