Cloudsmith, a universal artefact management platform serving some of the world’s largest enterprises, has raised $72m in a Series C funding round led by TCV, with Insight Partners and other existing investors also participating.
The round arrives just one year after Cloudsmith’s $23m Series B and is intended to accelerate both product development and the company’s go-to-market expansion. The capital comes as demand intensifies among Fortune 500 and Global 2000 companies, many of which are retiring legacy tools in favour of Cloudsmith’s cloud-native platform. Enterprises deploying AI coding agents are also turning to Cloudsmith to establish the governance frameworks and guardrails their software supply chains require.
Both TCV and Insight Partners are returning investors, having backed the company at Series B stage. Their decision to reinvest reflects confidence in Cloudsmith’s leadership and its positioning within the artefact management market, which has been fundamentally reshaped by the rapid proliferation of AI-driven software development.
As AI coding agents generate code at unprecedented speed and scale, the resulting software artefacts and dependencies introduce an expanding threat surface that has become a board-level concern. Enterprises face growing regulatory pressure to demonstrate that AI-generated software is secure by design, while simultaneously managing ever-larger supply chains encompassing open-source libraries, internal packages and third-party dependencies.
Cloudsmith’s platform is built to address this challenge. It gives engineering teams the scale and visibility needed to govern every package at every stage of development, enabling organisations to move quickly without compromising security or control over their software supply chains.
Cloudsmith CEO Glenn Weinstein said, “Cloudsmith is the only platform built for the way software is being developed today — by AI agents. We’re never going back to hand-crafted software. AI agents generate so much software, so fast, it’s nearly impossible for humans to carefully review it all. Cloudsmith has the scale, and the broad view across the open-source ecosystem, to protect enterprises against the new kinds of threats that AI-driven development introduces. TCV and Insight Partners both recognise this profound shift, and their backing is helping Cloudsmith scale up for the massive wave of adoption of AI agents across enterprise software teams.”
Recently, DepthFirst, an applied AI lab focused on securing software infrastructure, raised $80m in a Series B funding round.
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