Reported Earlier: 'Socket secures $40M to combat next-generation software supply chain attacks led by industry titans Abstract Ventures, Elad Gil, and a16z'
Portfolio Pulse from Benzinga Newsdesk
Socket has secured $40 million in funding to enhance its capabilities in combating next-generation software supply chain attacks. The funding round was led by Abstract Ventures, Elad Gil, and a16z.
October 22, 2024 | 2:35 pm
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Socket's $40M funding round, led by prominent investors, aims to bolster its efforts against software supply chain attacks, potentially enhancing its market position.
The significant funding round led by well-known investors suggests strong confidence in Socket's potential to address critical cybersecurity challenges. This could lead to increased investor interest and a positive short-term impact on SCKT's stock price.
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