FOSSA has raised $44.0M in total across 4 funding rounds.
FOSSA's investors include Canvas Ventures, Costanoa Ventures, First Star Ventures, INBlockchain, Meritech Capital Partners, SOSV, Uncorrelated Ventures, 7percent Ventures, 8VC, 9Yards Capital, Adverb Ventures, Amino Capital.
FOSSA is a technology company specializing in open source management software that helps organizations manage software supply chain risks, including security vulnerabilities, license compliance, and code quality. It provides automated tools for component intelligence, compliance enforcement, and cross-team collaboration, enabling faster and safer software development. FOSSA serves enterprises and development teams aiming to accelerate time to market while maintaining compliance and security standards. The company has demonstrated strong growth, supported by multiple funding rounds totaling nearly $34 million, and serves a global customer base with a focus on software-driven industries[2][3][4].
Founded in 2015 by Kevin Wang, FOSSA emerged from the need to address the increasing complexity and risks associated with open source software usage in enterprises. The founders recognized the challenge organizations faced in managing open source licenses and security vulnerabilities at scale. Early traction included developing automated scanning and compliance tools that quickly gained adoption among engineering teams. Over time, FOSSA expanded its platform capabilities to include software bill of materials (SBOM) management, real-time security threat detection, and integration with modern development workflows, evolving into a comprehensive open source management solution[3].
FOSSA rides the growing trend of software supply chain security and compliance, which has become critical due to the widespread adoption of open source components in enterprise software. Increasing regulatory scrutiny and high-profile supply chain attacks have made automated, scalable management of open source risks essential. The timing aligns with the industry's shift toward DevSecOps and continuous compliance, where security and legal checks are integrated into development pipelines. FOSSA influences the ecosystem by enabling organizations to adopt open source confidently and at scale, thus accelerating innovation while mitigating risks[3][4].
Looking ahead, FOSSA is poised to deepen its leadership in open source management by expanding AI-driven automation and enhancing integrations with emerging development platforms. Trends such as increasing regulatory requirements for software transparency and the rise of SBOM mandates will likely drive demand for FOSSA’s solutions. Its influence may grow as it helps shape best practices for secure and compliant software supply chains, potentially expanding into adjacent areas like container security and software quality analytics. Continued investment and innovation will be key to maintaining its competitive edge in a rapidly evolving market[3][4].
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*Note:* There is another company named FOSSA Systems based in Spain and Portugal specializing in satellite manufacturing and IoT connectivity via nanosatellites, but this is distinct from the open source management company described above[1].
FOSSA has raised $44.0M across 4 funding rounds. Most recently, it raised $23.0M Series B in October 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2020 | $23.0M Series B | Canvas Ventures, Costanoa Ventures, First Star Ventures, INBlockchain, Meritech Capital Partners, SOSV, Uncorrelated Ventures | |
| Sep 1, 2019 | $9.0M Series A | Costanoa Ventures, First Star Ventures, INBlockchain, SOSV, Uncorrelated Ventures | |
| Dec 1, 2018 | $10.0M Series A | Costanoa Ventures | |
| Feb 1, 2017 | $2.0M Seed | 7percent Ventures, 8VC, 9Yards Capital, Adverb Ventures, Amino Capital, Anorak Ventures, Benchmark, Broadway Angels, Craft Ventures, Electric Capital, First Star Ventures, Hack VC, INBlockchain, IVP, Liquid 2 Ventures, Signia Venture Partners, Sommet AB, SOSV, Spark Capital, TSVC Capital, Uncorrelated Ventures, UpHonest Capital, WndrCo LLC, Akash Garg, Amr Awadallah, Gautam Gupta, George Hu, Joshua Schachter, Mike Vernal, Othman Laraki, Rob Solomon, Sue Xu, Vishal Makhijani |
