# Sonatype

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sonatype

- Industry: Software
- Headquarters: Fulton, US
- Website: www.sonatype.com
- Total disclosed funding: $95M
- Latest round: Series E (Aug 23, 2018)
- Investors on record: 7

## About

Sonatype, Inc. is a software supply chain management company that specializes in enhancing security and compliance within the Software Development Life Cycle (SDLC), offering innovative tools and solutions to developers and organizations.Founded in 2008, Sonatype, Inc. is headquartered in Fulton, US, and focuses on software supply chain management solutions. The company has successfully pivoted its approach to emphasize security and compliance in software development. Brian Fox, a notable figure in the tech industry, is the founder, and Wayne Jackson serves as the CEO. In November 2019, Vista Equity Partners acquired a majority stake in Sonatype, Inc. from several investors, including Accel and Goldman Sachs Merchant Banking Division, marking a significant change in ownership structure. The most recent funding round was a Series E, raising USD 25.00 mn, with a total amount raised of USD 25.00 mn and a current company valuation of USD 316.365 mn.Sonatype specializes in software supply chain management, providing a suite of products designed to enhance security and compliance throughout the Software Development Life Cycle (SDLC). Their core offerings include the Sonatype Repository Firewall, which utilizes Artificial Intelligence to predict and prevent malware attacks, and Sonatype Lifecycle, a tool for monitoring the health and compliance of open-source components. Additionally, the Sonatype Nexus Repository serves as a centralized hub for managing software components and binaries, ensuring rapid build processes and enterprise-level flexibility. The company also features SBOM Manager, which aids organizations in managing Software Bill of Materials (SBOMs) for regulatory compliance and vulnerability remediation. Sonatype’s products are utilized by a diverse clientele, including financial services, healthcare, and technology sectors, with a particular focus on markets in North America, Europe, and Asia.Sonatype's revenue model primarily revolves around subscription-based services, where clients pay for access to their software solutions on a recurring basis. The company's flagship products, such as the Repository Firewall and Lifecycle, are typically offered through tiered pricing plans that cater to organizations of varying sizes, from startups to large enterprises. Transactions usually occur through direct business-to-business engagements, with clients including major financial institutions and technology companies that integrate Sonatype's tools into their development pipelines to enhance security and compliance. The company also fosters partnerships within its extensive partner network, enabling collaborative sales and support strategies that further drive revenue growth. Specific pricing details for their products are structured to accommodate the needs of different user bases, promoting scalability and operational efficiency.Sonatype, Inc. plans to utilize its recent Series E funding of USD 25.00 mn to accelerate the growth of its Nexus product portfolio. The acquisition by Vista Equity Partners in December 2019 is expected to further facilitate this expansion. The company aims to introduce new product features and enhancements in the coming year, focusing on improved security measures and compliance tools. Additionally, Sonatype is strategizing to expand its market presence in Europe and Asia by the end of 2023, targeting new clients in these regions to diversify its customer base and increase revenue streams.

## Funding rounds

- Series E, Aug 23, 2018, $25M — Accel, Aspenwood Ventures, TPG, Goldman Sachs Asset Management
- Series D, Jan 21, 2016, $25M — Accel, Bay Partners, Aspenwood Ventures, Morgenthaler Ventures, New Enterprise Associates, Goldman Sachs Asset Management
- Series C, Jul 2, 2012, $25M — Accel, Bay Partners, Aspenwood Ventures, Morgenthaler Ventures, New Enterprise Associates
- Series B, Jul 28, 2010, $10M — Accel, Bay Partners, Aspenwood Ventures, Morgenthaler Ventures
- Series A, Sep 14, 2009, $5.2M — Bay Partners, Aspenwood Ventures, Morgenthaler Ventures
- Series A, Jan 14, 2009, $1M — Aspenwood Ventures
- Series A, Apr 25, 2008, $3.5M — Aspenwood Ventures, Morgenthaler Ventures

## Investors

- Aspenwood Ventures (https://capitalatlas.ai/funds/aspenwood-ventures) — Series A, Series B, Series C, Series D, Series E
- Morgenthaler Ventures (https://capitalatlas.ai/funds/morgenthaler-ventures) — Series A, Series B, Series C, Series D
- Bay Partners (https://capitalatlas.ai/funds/bay-partners) — Series A, Series B, Series C, Series D
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C, Series D, Series E
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series C, Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D, Series E
- TPG (https://capitalatlas.ai/funds/tpg) — Series E