Article: WhiteSource Scores $75M in White-Hot Open Source Security Market

Code, Open Software, Open Source

WhiteSource Scores $75M in White-Hot Open Source Security Market

Open source security startup WhiteSource raised $75 million in Series D funding that its CEO says will allow it to acquire other companies and expand its application security platform. Pitango Growth led the funding round with participation by existing investors M12, Susquehanna Growth Equity, and 83North. This latest investment brings WhiteSource’s total funding to $121.2 million.

The Series D follows three years of growth for the company, which has seen a five-fold increase in customers and 800% revenue growth during that time. “We’re just on the cusp of 1,000 paying customers,” WhiteSource CEO Rami Sass said.

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Article: Startup WhiteSource gets $75 million to find and fix buggy open source components

Free, Open Software, Open Source

Startup WhiteSource gets $75 million to find and fix buggy open source components

Cybersecurity startup WhiteSource announced it has raised $75 million in Series D funding, highlighting how tech and security investors are increasingly focusing on the open source software security market.

The latest investment of $75 million, drawn mostly from Pitango Growth and existing investors M12, Susquehanna Growth Equity, and 83North, is significantly more than the approximately $46 million the company raised combined through previous funding rounds. As part of the deal, Pitango Growth managing partner Isaac Hillel will join WhiteSource’s board of directors.

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