Sonatype Raises $25M in Funding
Sonatype, a Silver Spring, MD-based provider of component lifecycle management solutions, has secured $25m in financing.
The round was led by New Enterprise Associates (NEA), with participation from existing investors Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners.
The company intends to use the funding for product development and global marketing.
In conjunction with the funding, Harry Weller, general partner at NEA, will join Sonatype’s board.
Founded by Jason van Zyl and led by CEO Wayne Jackson, Sonatype provides component lifecycle management technologies, intelligent tools and information services. It operates the Central Repository, a primary source for open-source components, housing more than 400,000 components and serving more than five billion requests per year from more than 60,000 organizations. The company has been a leader in core open-source software development ecosystem projects used by more than nine million developers including Nexus, m2eclipse, and Hudson.