Codenotary Raises $6M in Additional Capital to Expand Business

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Codenotary secured $6 million in additional funding from new and existing investors, bringing the company’s total funding to $24 million.

The additional capital, which will be used to increase sales in the United States and Europe as well as enter the Asian market, was raised in the Series B extension of $12.5 million in January and is part of a significant growth environment, particularly with banks and government. customers in the United States and Europe

Codenotary was launched at the end of 2018 by co-founders Moshe BarCEO and Denis Zimmer, CTO. Bar was previously co-founder of Qumranet, the company that developed the now ubiquitous Linux KVM hypervisor, which was acquired by Red Hat in 2008. Prior to that, he founded the cloud hypervisor company XenSource which was acquired by Citrix.

“Codenotary is at the forefront of software supply chain security, which is crucial for the future of software-defined everything,” said David Chen of Arrize xTec, the new UK-based lead investor. .

“The founders are successful and experienced serial entrepreneurs. The company has reached an inflection point in its growth, and this is where we like to get involved as shareholders,” Chen continued.

Codenotary provides software development lifecycle notarization and verification tools that attest to the provenance and security of code.

The company provides a solution to process millions of transactions per second, on-premises or in the cloud, and with cryptographic verification.

It provides a way for developers to generate and attach a software bill of materials (SBOM) for development artifacts that include source code, builds, repositories, etc., and Docker container images for their software.

“Software supply chains are under constant attack and so every company is looking for effective ways to protect their valuable software assets,” Bar said.

“The additional capital will help us grow faster, increasing our ability to deploy additional features and grow our sales efforts around the world, including our partner network. Not every start-up is in a position to do this right now, but we’re lucky to have good growth and the right investors behind us,” Bar continued.

Codenotary is also the main maintainer of immudb, the open source immutable database with large-scale data persistence for demanding applications. There have been over 15 million downloads of immudb to date, which serves as the foundation for its supply chain security products.

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