What is Black Duck Software?
Formerly known as the Synopsys Software Integrity Group, Black Duck Software provides a comprehensive suite of application security testing tools designed to help organizations build trust in their software supply chains. The company's market position is defined by its ability to offer deep visibility, flexibility, and operational staying power, which are critical for modern software development environments. By addressing the complexities of open-source management and security vulnerabilities, Black Duck enables businesses to maintain compliance and security without sacrificing development velocity. Their platform is engineered to integrate seamlessly into existing workflows, providing the necessary oversight for large-scale digital transformations.
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 General Catalyst Partners, Red Hat, Flagship Ventures, Intel Capital, SAP Ventures, and Fidelity Ventures
Series C (2007): $12M supported by Intel Capital, Flagship Ventures, General Catalyst Partners, SAP Ventures, Focus Ventures, and Fidelity Ventures
Series D (2009): $9.5M featuring Focus Ventures, SAP Ventures, Intel Capital, Fidelity Ventures, Red Hat, General Catalyst Partners, Gold Hill Capital, and Flagship Ventures
Series E (2011): $12M backed by Sapphire Ventures, Red Hat, Intel Capital, General Catalyst, Split Rock Partners, SAP, Volition Capital, Flagship Pioneering, and Focus Ventures
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
A venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages, providing strategic capital to reshape industries.
Red Hat
The world's leading provider of enterprise open-source solutions, including Linux, cloud, and container technologies, facilitating secure and scalable enterprise environments.
Intel Capital
A division of Intel that invests in innovative startups targeting artificial intelligence, datacenter infrastructure, and next-generation compute technologies.
What's next for Black Duck Software?
With a history of sustained backing from top-tier institutional investors, Black Duck Software is well-positioned to capitalize on the increasing demand for automated security governance. The company's strategic roadmap likely involves further integration of artificial intelligence to enhance threat detection capabilities and the expansion of its footprint in cloud-native security. As the enterprise software landscape continues to evolve, the firm's focus on providing hardened, reliable security solutions will remain a key driver of its long-term growth trajectory and market influence.
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