Open-source software support company Tidelift raises $27M
Summary
The company does so by providing tools, data and strategies to drive an organizationwide approach to improve the health and security of the open-source code powering applications. The company’s service covers support for hundreds of open-source software packages across the JavaScript, Java, Python, PHP, .NET and Ruby language ecosystems. In a blog post, Donald Fischer (pictured), co-founder and chief executive of Tidelift, argues that open-source software is so pervasive that it can become invisible. “In the case of the libraries, frameworks and packages that make up most of the code in modern applications, the overwhelming majority of the people behind that code never signed up to be part of some organization’s ‘software supply chain.” This is where Tidelift steps in with a solution that pays open-source maintainers to validate that their packages meet defined, production-ready standards comprehensively. “Our recent survey further supports this with findings showing 35% of respondents from large organizations believe open source software supply chain security is the most urgent issue for application development teams.” Tidelift has found success with an expanding customer base, including Federal National Mortgage Association, Bloomberg L.P., Hughes Network Systems LLC, Adobe Inc., NASA Jet Propulsion Laboratory, IEEE, the U.S. Geological Survey and the U.S. Air Force.
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