The open source software management company has secured $10m in a Microsoft Ventures-backed round led by 83North.
WhiteSource, a US-based provider of open source software security and compliance management technology, has raised $10m in a series B round featuring software producer Microsoft’s corporate venturing unit, Microsoft Ventures.
Venture capital firm 83North led the round, with additional participation from private investor David Strohm, a partner at VC firm Greylock Partners.
WhiteSource has developed a platform that allows automates open source software management in a bid to make it more efficient and secure.
The company was founded by serial entrepreneurs Ron Rymon, Azi Cohen and Rami Sass, also the founders of enterprise management and compliance software producer Eurekify, which was sold to CA in late 2008 for what was estimated to be an eight-figure dollar sum.
VC firm Peregrine Ventures led a $1m round for WhiteSource in 2013 that included undisclosed angel investors, after the company had raised $2.6m from Israel Office of the Chief Scientist, the government agency now called Israel Innovation Authority, in 2011.
Mony Hassid, Israel-based general manager and managing director of Microsoft Ventures in Europe, Middle East and Africa, said: “As a Whitesource partner [since October 2016], we have seen first hand the value its open source security and compliance solutions bring to enterprises.
“Our investment in its technology is a testimonial of our drive to make open source software practical, productive and secure.”