What is Black Duck Software?
Formerly known as the Synopsys Software Integrity Group, Black Duck Software serves as a critical pillar in the application security testing (AST) sector. The company provides a comprehensive suite of solutions designed to help global organizations build trust in their software supply chains. By offering deep visibility, flexibility, and rigorous security coverage, Black Duck enables enterprises to navigate the complexities of modern software development while mitigating risks associated with open-source vulnerabilities and compliance. Its market leadership is defined by its ability to provide the staying power necessary for large-scale digital transformation initiatives.
How much funding has Black Duck Software raised?
Black Duck Software has raised a total of $75.7M across 8 funding rounds:
Series B
$12M
Series C
$12M
Series D
$9.5M
Series E
$12M
Series F
$20M
Series G
$5M
Debt
$150K
Series B (2005): $12M led by Intel Capital, Flagship Ventures, SAP Ventures, General Catalyst Partners, Red Hat, and Fidelity Ventures
Series C (2007): $12M supported by General Catalyst Partners, Fidelity Ventures, Intel Capital, SAP Ventures, Focus Ventures, and Flagship Ventures
Series D (2009): $9.5M featuring Fidelity Ventures, Intel Capital, SAP Ventures, Focus Ventures, Gold Hill Capital, Flagship Ventures, General Catalyst Partners, and Red Hat
Series E (2011): $12M backed by Split Rock Partners, Focus Ventures, SAP, Sapphire Ventures, Volition Capital, General Catalyst, Intel Capital, Red Hat, and Flagship Pioneering
Series F (2014): $20M with participation from General Catalyst Venture Partners
Series G (2015): $5M led by Siemens
Debt (2020): $150K supported by PPP
Key Investors in Black Duck Software
General Catalyst Partners
A venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors, providing operational expertise to accelerate growth.
Intel Capital
The investment division of Intel, specializing in backing innovative startups across artificial intelligence, cloud computing, and next-generation enterprise technologies.
Flagship Pioneering
A firm of pioneering scientists and professionals that builds and supports companies aimed at transforming human health and sustainability through deep innovation.
What's next for Black Duck Software?
With a history of major strategic investment, Black Duck Software is well-positioned to further its influence in the cybersecurity domain. The company's focus on integrating advanced security protocols into the development lifecycle suggests a future roadmap centered on automation and proactive risk mitigation. As the demand for secure software assurance continues to rise, the firm is expected to leverage its existing capital reserves to expand its technological footprint, potentially targeting deeper integration with cloud-native environments and emerging containerized infrastructure to maintain its competitive edge.
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