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April 23, 2025 - Deals

Chainguard Raises $365M In Series D Funding Led By Kleiner Perkins At $3.5B Valuation

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Chainguard, a Kirkland, WA-based software supply chain security company, raised $365M in Series D funding at a $3.5B valuation. The round was led by Kleiner Perkins and IVP, with participation from Salesforce Ventures, Datadog Ventures, and existing backers including Sequoia and Lightspeed. Led by CEO and co-founder Dan Lorenc, Chainguard provides secure, continuously updated open source software to help organizations eliminate supply chain threats. The funds will support the scaling of its go-to-market efforts as it expands a customer base that includes Canva, GitLab, and Snap Inc. INVESTORS: Kleiner Perkins, IVP (Institutional Venture Partners), Salesforce Ventures, Datadog Ventures, Sequoia Capital, Spark Capital, Amplify Partners, Redpoint Ventures, Lightspeed Venture Partners, Mantis VC; & Kerrest & Co. ROUND: Series D AMOUNT: $365,000,000 VALUATION: $3,500,000,000 HQ: #Kirkland #Washington #VentureCapital #Chainguard #DanLorenc #KleinerPerkins #IVP #SalesforceVentures #DatadogVentures #SequoiaCapital #SparkCapital #AmplifyPartners #RedpointVentures #LightspeedVenturePartners #MantisVC #KerrestAndCo #TradedVC

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Arga Labs Raises $10 Million In Seed Funding Led By General CatalystArga Labs, an enterprise AI agent training startup, raised $10 million in seed funding led by General Catalyst, with participation from Box Group, Emergence, Gradient, and SV Angel. The company, led by CEO and co-founder Phillip Li, builds full-scale digital twins of enterprise software such as Salesforce, Workday, and email clients, enabling AI agents to train and test complex, multi-system workflows in realistic environments before deployment. FOUNDERS: Phillip Li & Akira Tong INVESTORS: General Catalyst, Box Group, Emergence, Gradient & SV Angel AMOUNT: $10,000,000 HQ: San Francisco, California #VentureCapital #ArgaLabs #PhillipLi #AkiraTong #TradedVC