What is Mend?
Headquartered in New York City, Mend operates as a critical infrastructure provider for modern software development teams. The company specializes in open-source security and license compliance management, offering a comprehensive platform that enables organizations to identify, prioritize, and remediate vulnerabilities within their software supply chains. By automating the detection of security risks and ensuring adherence to open-source licensing requirements, Mend empowers enterprises to accelerate their development cycles without compromising on security or legal integrity.
In a market defined by rapid digital transformation, Mend serves as a vital safeguard for businesses relying on open-source components. Its platform integrates seamlessly into existing DevOps workflows, providing actionable insights that reduce the attack surface of complex software architectures. This focus on operational efficiency and risk mitigation has positioned Mend as a leader in the DevSecOps ecosystem, attracting significant interest from investors focused on enterprise software and cybersecurity innovation.
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, M12, and 83NORTH
Other Financing Round (2018): $11M featuring Susquehanna Growth Equity
Series D (2021): $75M backed by Pitango Venture Capital, 83North Ltd, M12, and Susquehanna International Group, LLP.
Key Investors in Mend
Pitango Venture Capital
Pitango is a venture capital firm that partners with visionary entrepreneurs and groundbreaking companies, supporting them from stealth mode to maturity.
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies with a focus on applied AI, business applications, infrastructure, and security.
Susquehanna Growth Equity
Susquehanna Growth Equity is a growth equity fund focused on software, SaaS, data, internet, healthcare technology, and financial technology.
What's next for Mend?
Looking ahead, Mend is well-positioned to capitalize on the growing imperative for software transparency and supply chain integrity. The recent infusion of capital is expected to accelerate the development of advanced AI-driven remediation tools and expand the company's global market reach. As enterprises continue to grapple with the complexities of managing open-source dependencies, Mend's strategic focus on automation and compliance will likely remain a key differentiator.
The company's roadmap suggests a continued emphasis on deepening its integration capabilities with cloud-native environments and enhancing its threat intelligence offerings. By maintaining its commitment to innovation and leveraging its strong investor network, Mend is poised to sustain its growth momentum and further solidify its status as an essential component of the modern enterprise security stack.
