Socket Closes $20 Million Series A Funding Round Led by a16z

Socket Closes $20 Million Series A Funding Round Led by a16z
Source: Socket

Socket, an open source software security solution, has closed $20 million in Series A funding led by a16z, with participation from Abstract Ventures, Wndrco, Unusual Ventures, and others. Combined with the previous $4.6 million seed round, Socket's funding totaled $24.6 million, which will be used to grow Socket's team and expand its support for more programming languages and integrations.

Socket is a startup that provides scanning tools to detect security vulnerabilities in open source code, with current customers including projects such as Metamask, Brave, Magic Eden, Figma, and Vercel.

Specifically, Socket looks for high-level red flags in software, such as malware, typo-quatting (registering commonly misspelled domain names for malicious purposes), misleading packages and unmaintained code, as well as unknown maintainers and excessive permissions. The platform offers a search function that allows users to drill into the codebase to find and track changes to dependencies, as well as a free web browser extension that tries to determine whether open source packages are safe and trustworthy.

Recently, Socket launched a connector for ChatGPT, which summarizes potential problems in software packages, particularly "uncommon" code patterns.

 

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