Cloudsmith, a Belfast-based artifact management platform, has secured $72 million in a Series C financing round aimed at bolstering product development and enhancing its market strategy amid rising enterprise demand for AI-driven software development. The funding round was spearheaded by TCV with participation from Insight Partners and other existing investors.
This latest financing comes a year after Cloudsmith’s Series B round and follows a period of robust year-over-year growth. The company has seen an influx of Fortune 500 and Global 2000 enterprises migrating from outdated artifact management tools to its cloud-native platform. Additionally, organizations leveraging AI coding agents are increasingly turning to Cloudsmith to ensure their software supply chains are governed and secure.
The artifact management landscape has undergone significant transformation due to AI-driven software development. As AI coding agents produce code at an unprecedented rate, the software artifacts and dependencies created pose new security challenges that have escalated to board-level concerns. Enterprises now face the complex task of managing software supply chains that encompass open source libraries, internal packages, and third-party dependencies, all while contending with increasing regulatory pressures to validate that AI-generated software is inherently secure.
Cloudsmith’s platform is designed to provide engineering teams with the necessary scale and visibility to manage every package at various stages of development. The company emphasizes its cloud-native architecture, which enables it to deliver the essential supply chain controls that modern enterprises require for confident software delivery.
The decision by TCV and Insight Partners to further invest reflects their strong belief in Cloudsmith’s leadership, product offerings, and market positioning, underscoring their history of supporting innovative software infrastructure companies.
“Cloudsmith is the only platform built for the way software is being developed today — by AI agents. We’re never going back to hand-crafted software. AI agents generate so much software, so fast, it’s nearly impossible for humans to carefully review it all,” said Glenn Weinstein, CEO of Cloudsmith. He highlighted that Cloudsmith possesses the scale and comprehensive perspective needed to safeguard enterprises against the emerging threats associated with AI-driven development. Weinstein noted that the backing from TCV and Insight Partners is pivotal in preparing Cloudsmith for the anticipated surge in AI agent adoption among enterprise software teams.
Morgan Gerlak, a partner at TCV, stated, “Having led Cloudsmith’s Series B and now its Series C, TCV is proud to deepen our partnership with a company we see as defining artifact management for the AI era. As AI shapes the software supply chain, we believe Cloudsmith is uniquely positioned to become a platform enterprises rely on for compliance, control, and security at global scale.”
Thomas Krane, Managing Director at Insight Partners, further emphasized the critical nature of securing the software supply chain in the AI-driven landscape. He remarked, “As a cloud-native offering, Cloudsmith is well positioned to do this – providing the scale and reliability needed to help power enterprise and AI-driven builds and mitigate emerging risks.” Krane reaffirmed Insight Partners’ confidence in Cloudsmith’s vision to secure the software supply chain as a curated, AI-ready solution for enterprises of all sizes.
As artificial intelligence continues to reshape software development practices, Cloudsmith’s recent funding underscores the growing recognition of the importance of secure and efficient artifact management in the evolving landscape of enterprise software. The influx of capital positions Cloudsmith to expand its offerings and capitalize on the accelerating adoption of AI technologies across various industries.
