Kusari rakes in $8m to enhance software supply chain security
Kusari, a startup specializing in software supply chain security, today announced a remarkable milestone in securing $8 million through combined investments in its Pre-Seed and Seed Round funding. This financial achievement marks a significant moment for Kusari, as the Seed Round was led by J2 Ventures and co-led by Glasswing Ventures, with additional participation from Unusual Ventures, which previously contributed $2 million in Pre-Seed funding.
Addressing Software Supply Chain Vulnerabilities
Established in June 2022, Kusari was conceived to address the critical issue of transparency within the software supply chain and development lifecycle. With cybersecurity threats on the rise, Kusari’s mission is more relevant than ever, as the global annual cost of software supply chain attacks is projected to reach $60 billion by 2025, and an alarming $138 billion by 2031.
Innovative Security Startup Kusari Secures Funding for Advancing Cybersecurity Solutions
Kusari’s Founding Team’s Expertise and Achievements
The founders of Kusari, Tim Miller, Michael Lieberman, and Parth Patel, bring a wealth of experience from their previous roles in leading supply chain security and cloud engineering at notable firms such as Citi, Mitsubishi UFJ Financial Group (MUFG), Bridgewater Associates, and Raytheon. Their extensive background in secure software delivery within highly regulated environments forms the foundation of Kusari’s innovative approach. The team’s active participation in the Open Source Security Foundation (OpenSSF) and the creation of open-source projects like GUAC (Graph for Understanding Artifact Composition) further demonstrate their commitment to advancing cybersecurity.
Kusari’s GUAC and Its Market Validation
In 2023, Kusari introduced GUAC, an open-source tool designed to enhance transparency in the software supply chain by organizing information into a knowledge graph. This tool has already gained significant traction, with a diverse community of contributors and notable recognition in the GitHub community.
Funding to Fuel Kusari’s Growth and Innovation
The funding will be pivotal in accelerating Kusari’s development of software supply chain security solutions, enabling organizations to gain actionable insights, reduce incident response costs, and alleviate the burden on security and developer teams.
Industry Leaders Endorse Kusari’s Vision
Jonathan Bronson, Ph.D., co-founder and Managing Partner of J2 Ventures, praised Kusari’s potential in the market, while Kleida Martiro, Partner at Glasswing Ventures, emphasized the importance of Kusari’s role in addressing the rising demand for stringent security measures in the face of increasing code breaches.
Tim Miller’s Vision for Kusari
Tim Miller, co-founder and CEO of Kusari, underlined the importance of a single source of truth for software supply chain vulnerabilities, envisioning Kusari as the go-to solution for organizations seeking secure outcomes.
A Promising Future for Kusari in Cybersecurity
Kusari’s successful fundraising marks a crucial step in addressing the complexities and challenges of software supply chain security. With the backing of strategic investors and industry veterans, Kusari is well-positioned to lead the charge in defining and delivering state-of-the-art security solutions in this critical and evolving space.