CEO Feross Aboukhadijeh highlighted the increasing rate of software supply chain attacks and the growing use of open source within organizations as key drivers for the need for Socket's services. Unlike traditional security scanners, Socket can detect an active supply chain attack and provide actionable feedback about dependency risk. The company, founded in 2020, has attracted notable customers like Brave, Figma, and Vercel, and plans to double its workforce in the coming months.
Key takeaways:
- Socket, a startup that offers a scanning tool to detect security vulnerabilities in open source code, has raised $20 million in a Series A funding round led by Andreessen Horowitz.
- The company plans to use the new funding to expand its team and support for more programming languages and integrations.
- Socket's tool doesn't just look up software for reported vulnerabilities, it also detects active supply chain attacks and provides actionable feedback about dependency risk.
- Since its founding in 2020, Socket has attracted major customers like Brave, Figma, and Vercel, and plans to double its workforce in the coming months.