Codenotary raises $12.5M Series B to secure software supply chains – TechCrunch

Startups

Codenotary, a service that makes it easier for development teams to build transparent software supply chains (and also the company behind the popular open source immudb immutable database), today announced that it has raised a Series B round of $12.5 million of new and existing investors such as Bluwat, Elaia and others. This new round brings the company’s total funding to $18 million, including last July’s Series A round of $5.5 million.

Founded by CEO Moshe Bar, who previously co-founded Qumranet, and CTO Dennis Zimmer, Codenotary helps people identify and track all components in their DevOps cycle. This means that when there is a supply chain attack or vulnerability such as Log4j, it is much easier for a company to find out where these libraries are being used and reduce the potential blast radius. Since this is all on top of immudb, a ledger database that provides a tamper-resistant history system (without any blockchain voodoo), users should be able to trust this information completely. After Codenotary is added to their software supply chain, the service automatically creates a bill of materials based on what it sees.

Image Credits: code notary

“Our mission is to ensure that we can rely on the artifacts we use to develop applications in any organization, be it open source or an internal corporate organization,” said Bar. “When we started the company, we were looking for ways to ensure that the information we store — about who worked on which artifact, when and how and what they did with it — is protected from tampering.” Since there was no database available at the time that met Codenotary’s requirement, the team wrote its own database. Bar noted that immudb offers the same cryptographic authentication as a blockchain, but in the form of a much more performant database.

code notary provides a solution that allows organizations to quickly identify and track all components in their DevOps cycle and thereby restore trust and integrity in all their myriad applications,” said Pascal Blum, senior partner at Bluwat AG in Switzerland, an early investor in code notary. “Combined with code notaryThe company’s leading immutable database, immudb, has given the company a leadership position in this emerging market.”

The service currently has more than 100 customers and while it can’t reveal most of these names, the team noted that it includes some of the world’s largest banks.

According to Zimmer, most Codenotary customers deploy the service in the software pipeline first to establish the origin of their software from source to production. That customer base, he also noted, ranges from small software development stores to large ERP companies, who often use the service to, for example, publicize the quality assurance work they’re putting in a new release, and to provide a bill of materials for third-party customers who want their use software. As Bar added, it is often financial organizations and government agencies that take the lead in thinking about these issues.

Codenotary plans to use the new funding to accelerate its product development and expand its marketing and sales worldwide.

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