Cloudsmith, the cloud-native artifact management platform, has raised $23 million in a Series B funding round led by TCV, with participation from Insight Partners and several existing investors. The oversubscribed round highlights increasing demand for modern artifact management solutions as enterprises face growing software supply chain risks.
While Cloudsmith’s valuation was not disclosed, the fresh capital will support Cloudsmith’s global growth, particularly in the U.S. market, which already represents 75% of its revenue. Existing backers including MMC, Frontline, Techstart, Sorenson, Tapestry, and Shasta also increased their investments.
Over 90% of enterprise software today relies on open-source and third-party components, creating significant risks if artifacts are not properly secured. Traditional artifact management platforms often lack the scalability, flexibility, and real-time visibility required by modern DevOps teams.
“Cloudsmith was founded to redefine artifact management, and with this investment, we’re accelerating towards our mission at full scale,” said Lee Skillen, Cloudsmith’s CTO and co-founder.
The funding comes as 44% of companies plan to increase spending on supply chain cybersecurity, according to Gartner. Regulatory pressure is also growing, with frameworks like the U.S. Executive Order on Cybersecurity and the EU’s DORA (Digital Operational Resilience Act) pushing for stronger software supply chain controls.
Cloudsmith plans to use the new funding to scale its sales, marketing, and customer success teams, focusing on capturing larger enterprise accounts globally. The funds will also drive product development, particularly in software supply chain security features.
Another key priority is investment in AI-powered automation to provide real-time observability, security scanning, and compliance monitoring across the artifact lifecycle. This aligns with increasing demand from developers, platform engineers, and cybersecurity teams for centralized artifact management that supports diverse formats and programming languages.
Founded in Belfast, Northern Ireland, Cloudsmith has become a go-to platform for enterprise-ready, cloud-native artifact management. The company serves Fortune 500 and Global 2000 companies, many of which have switched from JFrog and Sonatype to Cloudsmith’s modern alternative.
Co-founders Alan Carson and Lee Skillen remain hands-on leaders, with Glenn Weinstein now serving as CEO. The company’s fully managed, globally distributed platform ensures standardized artifact management across hundreds of developer teams, even within highly complex enterprise environments.
Cloudsmith’s Belfast headquarters will continue to anchor global operations, with hiring plans focused on expanding engineering, product development, and customer success.
Cloudsmith’s latest round cements its relationship with leading growth investors like TCV, which led the Series B. “Cloudsmith is showing why artifact management is a crucial component of the DevOps toolkit, enabling enterprises to better control, secure, and distribute software,” said Morgan Gerlak, Partner at TCV.
The round also deepens ties with Insight Partners, a firm with a $90 billion portfolio focused on high-growth software companies. Both firms bring deep operational expertise, helping Cloudsmith refine its go-to-market strategy while supporting long-term product innovation.
