July 30, 2024 at 10:00AM
Lineaje, a software supply chain security management provider, has raised $20 million in a Series A funding round, totaling $27 million in investments. The funding, led by various ventures and investors, will support Lineaje’s global expansion and technological advancement. The Saratoga-based company offers comprehensive governance platforms for software supply chain security management.
From the meeting notes, it is clear that Lineaje, a software supply chain security management solutions provider, has recently secured significant funding of $20 million in a Series A round, bringing the total investment to $27 million. The funding was led by several notable investors, including Prosperity7 Ventures, Neotribe, Hitachi Ventures, and Tenable Ventures, with participation from other organizations and angel investors.
This strategic investment will support Lineaje’s global expansion and technological advancement. The company offers a comprehensive governance platform for software supply chain security management, including a software bill of materials manager and exchange, a third-party risk manager, and an open-source risk manager. Lineaje’s mission is to empower organizations in maintaining and securing their entire software ecosystems.
Javed Hasan, the CEO of Lineaje, expressed the significance of this funding as a pivotal moment for the company, highlighting the focus on advancing Lineaje’s AI capabilities to provide secure open-source software and reduce enterprise software maintenance investments. Overall, the funding, in combination with strong global partnerships, positions Lineaje to drive global business for its award-winning product portfolio.