Socket raises $60M Series C at $1B valuation led by Thrive Capital to secure AI-driven software development

Socket has announced a $60 million Series C funding round at a valuation of $1 billion, led by Thrive Capital, with participation from Andreessen Horowitz, Abstract Ventures, and Capital One Ventures, raising its total funding to $125 million. This funding will support Socket's mission to protect the software supply chain, particularly as AI accelerates the volume of open-source code entering production. Socket addresses the vulnerabilities in open-source software by analyzing dependencies' real-time behavior, blocking malicious packages before they reach a developer's environment, and providing precise CVE triage through features like Socket Firewall and Certified Patches. Since its Series B, Socket has expanded its customer base to over 27,000 organizations, securing millions of repositories and commits monthly, and plans to enhance its platform with further investments in security tools, product launches, and team growth. The company has gained traction with high-profile AI organizations and Fortune 100 companies, emphasizing the importance of real-time threat detection in an era where AI significantly impacts software development and security.

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