Socket, a cybersecurity startup that sells technology to help safeguard open-source code against hackers, has raised a new round of funding that values the company at $1 billion.
Josh Kushner’s Thrive Capital led the $60 million financing round in the startup, Socket is set to announce Wednesday. Existing investors Andreessen Horowitz and Abstract Ventures participated alongside new backer Capital One Ventures.
Founded in 2020, Socket’s services have gained new relevance thanks to the rise of artificial intelligence coding tools from Anthropic PBC, OpenAI and Cursor. These companies developed AI systems to streamline work for software engineers by training models on repositories of open-source code ...
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