What is Mend?
Headquartered in New York City, Mend operates as a sophisticated open-source security and license compliance management platform. The company provides critical infrastructure that enables organizations to identify, track, and remediate vulnerabilities within their software supply chains. By automating the governance of open-source components, Mend empowers engineering teams to accelerate development cycles without compromising on security or regulatory compliance standards. Its market position is defined by its ability to integrate seamlessly into existing DevOps workflows, making it an essential tool for modern enterprise software development environments.
How much funding has Mend raised?
Mend has raised a total of $132M across 5 funding rounds:
Series A
$1M
Series B
$10M
Series C
$35M
Other Financing Round
$11M
Series D
$75M
Series A (2013): $1M, investors not publicly disclosed
Series B (2017): $10M led by 83North and Microsoft Ventures
Series C (2018): $35M supported by Susquehanna Growth Equity, 83NORTH, and M12
Other Financing Round (2018): $11M featuring Susquehanna Growth Equity
Series D (2021): $75M backed by M12, 83North Ltd, Susquehanna International Group, LLP., and Pitango Venture Capital
Key Investors in Mend
83North
A global venture capital firm managing over $2.2 billion, specializing in supporting category-leading companies across various stages of growth.
M12
Microsoft's venture fund that targets enterprise software companies, providing strategic go-to-market resources and expertise in security and infrastructure.
Susquehanna Growth Equity
A growth equity fund focused on software, SaaS, and financial technology, providing capital and strategic guidance to scaling technology firms.
What's next for Mend?
With the successful closure of its latest financing round, Mend is well-positioned to accelerate its product roadmap and expand its global footprint. The strategic allocation of these funds will likely focus on enhancing its applied AI capabilities and deepening its integration with cloud-native infrastructure. As the demand for secure software supply chain management continues to rise, Mend is poised to leverage its strong investor relationships and technical expertise to capture additional market share. The company's focus remains on delivering high-value security insights that mitigate risk while fostering innovation for its enterprise client base.
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