The global supply chain of software programs is vulnerable to a multitude of threats. According to a 2024 study by the Ponemon Institute, a staggering 54 percent of organizations reported experiencing a software supply chain attack in the past year alone, highlighting the pervasive nature of this cybersecurity threat.
Companies are often targeted by chain assaults, emanating from third-party distributors or open-source software providers that comprise their tech stack; such attacks can financially cripple the affected organisation. By 2026, cyberattacks on the global financial system could exact a staggering toll of approximately $81 billion in lost revenue and damages, according to a Juniper Analysis examination. The White House has committed to tackling the critical issue of software supply chain security, openly acknowledging it as a major concern and issuing guidelines aimed at establishing safeguards.
The heightened threat of attacks on software supply chains has driven the need for platforms capable of detecting and mitigating these incidents effectively. A startup behind the platform dubbed LineagE, leveraging semi-phonetic spelling to differentiate itself, has just secured $20 million in Series A funding.
Established in 2021 by Javed Hasan and Anand Revashetti, Lineaje creates innovative tools to identify compromised software programs within a company’s supply chain, as well as outdated, potentially vulnerable open-source software components. As soon as Lineaje detects a potential vulnerability, it suggests relevant fixes, providing that viable solutions exist, and advises against applying patches that could potentially compromise the software’s integrity.
“For companies genuinely concerned about the risks posed by their own software to both their organizations and clients, mitigating these threats is crucial,” said Hasan, CEO of Lineaje. “Founded on the pursuit of identifying, managing, and safeguarding software programs from any origin.”
Coming from the cybersecurity industry, Hasan and Revashetti share a common background, having previously worked for well-known companies such as Symantec, McAfee, and Norton. While working together at McAfee, Revashetti’s path intersected with his colleague’s, as they shared the role of chief architect.
“Software supply chain attacks and concerns have been steadily on the rise,” Hasan said. “While examining this region, it became apparent that a prominent retail chain was among the top three security concerns for Chief Information Security Officers (CISOs) in the United States.” authorities.”
Lineaje occupies a crowded market. Facebook, alongside giants like Apple, Tesla, and Google, is facing competition from various quarters, including tech behemoths such as Google, Amazon, and Microsoft, which are all working diligently to bolster the security of open-source software in a manner reminiscent of their own proprietary systems.
Despite initial missteps, Lineaje is now actively tackling its challenges through the development of robust protection strategies. Hasan asserts that the corporation has a contractual agreement with the United States. Air Pressure collaborates closely with various federal organizations to further its goals, complementing these efforts through meaningful relationships.
Public sector companies similarly address software supply chain challenges akin to those experienced by the private sector. A latest launched by the U.S. The Division of Homeland Security found that a single U.S. The authorities’ cupboard company invested considerable time in addressing vulnerabilities within the library of Apache’s Log4j2, a widely-used Java-based logging utility, partly due to their security teams struggling to identify the affected packages within their software environments.
The proceeds from Lineaje’s Series A funding, which bring the total amount raised to $27 million, will significantly boost its efforts to expand its presence in the U.S. market. public sector clientele, Hasan continued.
“The Sequence A funding round will cover us until at least early 2027,” he said, noting that last year marked Lineaje’s first year of profitability.” “We currently have a team of approximately 30 staff members, with ambitious plans to expand our workforce to nearly 60 people by the end of the year.”
Prosperity7 Ventures, Neotribe, and Hitachi jointly led the spherical investment, with notable participants including Tenable Ventures, Carahsoft, Wipro Ventures, SecureOctane, and AlumniVentures.
