Chainguard, a software company headquartered in Kirkland, secured $356 million in its Series D funding round. The company, which helps businesses secure their open-source software supply chains, is valued at $3.5 billion following the capital raise.
The company helps engineering teams maintain continuous compliance, enabling them to build faster and improve security, efficiency and reliability. Chainguard counts enterprises like ANZ Bank, Canva, GitLab and Hewlett Packard among its customer base.
The Series D round follows a period of growth for Chainguard. The company grew its revenue to $40 million in 2025 and expects to reach over $100 million by the end of fiscal year 2026.
“Chainguard was founded on a simple yet powerful belief that security and innovation should go hand in hand,” Dan Lorenc, Chainguard’s CEO and co-founder, said in a statement. “Today, Chainguard is paving the way for a future where secure, vulnerability-free open-source software is the standard.”
With the help of its new capital, Chainguard plans to fuel product innovation, scale its go-to-market operations and continue expanding its global presence in the EMEA and APAC regions. The round from lead investors Kleiner Perkins and IVP brings Chainguard’s total funding to $612 million.
