Chainguard
Secure software supply chain platform providing hardened open-source container images and libraries.
- Founded
- 2021
- Headquarters
- Kirkland, WA
- Latest Round
- Series D
- Est. Valuation
- ~$3,500M
Investment Thesis
Chainguard is a cybersecurity company that provides the safe source for all open-source software. The company offers secure container images, virtual machines, and language-specific libraries that eliminate known vulnerabilities from the software supply chain. Founded in October 2021 by Dan Lorenc, Matt Moore, Kim Lewandowski, Ville Aikas, and Scott Nichols -- all former Google engineers who worked on open-source security initiatives.
With $612 million in total funding and a $3.5B valuation, Chainguard has grown its ARR to $40 million and plans to exceed $100 million ARR before the end of fiscal year 2026. The company operates as a fully remote organization headquartered in Kirkland, WA, with approximately 650 employees across six continents.
Open-source software supply chain attacks have surged 700%+ in three years, and most container images ship with hundreds of known vulnerabilities because maintaining secure, up-to-date base images is a full-time job nobody has bandwidth for.
Chainguard provides hardened, zero-CVE container images rebuilt from source daily, giving enterprises a drop-in replacement for Docker Hub images that eliminates the vulnerability remediation treadmill entirely.
Growing rapidly with enterprise customers across finance, healthcare, and tech who are tired of triaging thousands of CVEs; valued at $3.5B+ as supply chain security becomes a board-level concern.
Executive orders on software supply chain security (SBOM mandates), plus high-profile attacks (SolarWinds, Log4Shell, xz utils), have made secure software supply chain a compliance requirement — not optional hygiene.