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What will be the primary focus of Socket's new funding by end of 2024?
2
Resolution / Starting Odds
Enhancing existing tools • 25%
Developing new tools • 25%
Expanding market reach • 25%
Improving user interface • 25%
Official announcements from Socket
Story
Socket Secures Fresh $40M to Scan Open-Source Software for Security Flaws
Oct 22, 2024, 12:12 PM
Socket has secured a fresh $40 million in funding to enhance the security of open-source software by scanning for vulnerabilities. The funding will be used to address the increasing risks associated with the software supply chain, which has become a significant concern for many companies. A recent survey indicated that 88% of companies have recognized the software supply chain as a major risk. This investment aims to bolster the security measures and reduce the vulnerabilities within the software development processes.
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