Official press releases from Socket or the Fortune 500 company

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.