Cloudsmith has officially become a Series B company after securing a $23 million fundraising round led by TCV, with participation from Insight Partners and existing investors. The company's CEO joined in 2023 with the goal of disrupting the software supply chain market dominated by JFrog and Sonatype. Over the past year, Cloudsmith has seen significant growth, including over 100% pipeline closure at the start of each quarter, a fivefold increase in average deal size, and numerous Fortune 500 and Global 2000 companies adopting its platform. The company is now poised to deliver on its promises to customers and investors, with plans to expand support for various formats, scale up the platform, and improve onboarding services, customer success, engineering, and global footprint. Cloudsmith aims to become a trusted partner in building software and implementing software usage policies, and thanks its customers, investors, and employees for their support as it moves forward.