Series A21 September 2021

Cloudsmith raises $15m in a Series A round led by Tiger Global to expand its US teams.

Tiger Global led the Series A round to support team expansion in the United States.

$15.0MSeries A

≈ £11.0M at $1 = £0.7322 on 21 Sep 2021

Share allotment filed at Companies House

Cloudsmith provides a cloud-native platform for managing and securing software packages and dependencies across development environments.

Cloudsmith has secured $15m in a Series A funding round led by Tiger Global. The investment marks the largest Series A round in Northern Ireland to date.

Additional participation came from Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart, alongside angel investors including Docker CEO Scott Johnston, Nextdoor CEO Sarah Friar, and Puppet CEO Yvonne Wassenaar. The capital will be directed towards expanding the engineering and sales teams in the United States and recruiting 60 new staff members.

The Belfast-based firm automates package management and vulnerability scanning via a cloud-native platform, helping organisations secure their software supply chains without maintaining physical data centres.

From the founder

"Cloudsmith was built to tackle the complexity of managing software assets, which is a key challenge for any company to secure their software supply chains. Our service allows our customers to track and control the distribution of any software asset and provides tooling to minimize the risks of utilizing open-source software. It’s a massive problem for the whole industry and our investors, led by Tiger Global, understand the need for a fully managed cloud-native solution that Cloudsmith provides."

Alan Carson

at Cloudsmith

Investor perspective

"While package management is by no means a new or flashy software space, it is a critical component of the software development lifecycle. The need for both cloud-native software development and secure software supply chains has resulted in the need to reinvent package management. That’s where Cloudsmith’s Continuous Packaging platform has come in and continues to lead that market. It is in the new world that Cloudsmith truly shines."

Vidya Raman

Principal, Sorenson