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software supply chain security platform marketTechCrunch
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83% Informative
Socket, a startup that provides tools to detect security vulnerabilities in open source code, has raised $40 million .
The software supply chain security platform market is expected to grow to $3.5 billion by 2027 .
Founder Feross Aboukhadijeh founded the startup in 2020 .
The new cash brings Socket ’s total raised to $65 million .
“New AI attack vectors have created a pressing need for Socket to bring security assurances to the code generated by these AI-powered tools. Socket’s technology addresses this critical gap in the market, and the additional funding will help scale its impact.” Socket, which has 32 employees today , plans to grow its team to 50 people by the end of the year with a focus on the engineering, product, design, and sales sides of the Stanford -based company..
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