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Maryland cyber firm Sonatype raises $80M

This screenshot of Sonatype’s Nexus Lifecycle XC service shows license and security policy threats detected by the software. (Sonatype)

This screenshot of Sonatype’s Nexus Lifecycle XC service shows license and security policy threats detected by the software. (Sonatype)

A Maryland company that focuses on open source software governance and security has received an $80 million investment.

Sonatype Inc., of Fulton, announced the non-controlling investment, led by TPG Capital, and with participation by existing investors Accel, Goldman Sachs Group and Hummer Winblad.

The company in a statement said it would use the money to boost sales, marketing, research and development, expand the company’s Nexus platform offerings, and other purposes. Software developers who use open-source components, which is code that is made public and available to anyone to use and customize, can use the Nexus platform to scan for security risks in that code.

Barclays acted as financial advisor to TPG in the transaction, which contained both primary and secondary funds. Wilson Sonsini Goodrich & Rosati served as legal advisor to TPG. Morrison & Foerster LLP served as legal advisor to Sonatype.


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