According to BlockBeats, the open source software security solution Socket announced the completion of a $20 million Series A financing round led by Andreessen Horowitz (a16z). Other investors include Abstract Ventures, Wndrco, Unusual Ventures, and several angel investors including Box co-founder Aaron Levie, Figma co-founder Dylan Field, Okta co-founder Frederic Kerrest, Vercel CEO Guillermo Rauch and Eventbrite co-founders Julia and Kevin Hartz. Together with the previous $4.6 million seed round, Socket's total financing has reached $24.6 million. In the future, this money will be used to expand the Socket team and support and integrate more programming languages. Socket's current clients include projects such as Brave, Magic Eden, Figma and Vercel.
Unlike traditional static analysis tools, Socket's open source code security vulnerability detection service can provide actionable feedback related to dependency risks rather than hundreds of meaningless alerts. In addition, Socket recently launched a ChatGPT connector that can summarize potential problems in software packages and identify "uncommon" code patterns.
