Company:WhiteSource
 | |
| Type | Private |
|---|---|
| Industry | Software Composition Analysis |
| Founded | 2011 |
| Headquarters | , |
Area served | Worldwide |
Key people |
|
Number of employees | 250 (2021) |
WhiteSource is an open source security and license compliance management platform. It was founded in 2011 by Ron Rymon, Azi Cohen, and Rami Sass.[1][2]
History
The company was founded in 2011 after its three co-founders sold their previous company, Eurekify, to CA Technologies. During the due diligence process, Rami Sass, Ron Rymon, and Azi Cohen experienced first hand the challenge in dealing with open source code when trying to sell a company. As a condition of the sale, they needed to generate an accurate open source inventory report. Manually producing such a report was difficult and time-consuming. Even though no critical legal or security vulnerabilities were uncovered, the three founders knew there must be a better way to produce an accurate inventory of open source components in their proprietary codebase. Thus, the Software Composition Analysis software category was born.[3]
Overview
The company launched its open source license management platform. The software discovers open source components in the customers’ apps.[4][5] It then alerts them when a vulnerable code is added to the software projects that are being used or when threats pop up that affect the existing software.[6][7]
Funding
In 2018, WhiteSource announced a series-C funding of $35 million led by Susquehanna Growth Equity, M12, and 83North. This follows earlier funding rounds backed by 83North, M12, Oracle Investment Management, Peregrine Ventures, Microsoft Ventures, David Strohm, and the Israeli Innovation Authority. The company has raised $46 million as of 2018.[6][3][2][8]
On April 7, 2021, WhiteSource announced it raised $75 million in a series D round of funding led by Pitango Growth, with participation by existing investors M12, Susquehanna Growth Equity, and 83North. This additional round brings WhiteSource’s total funding to $121.2 million.[9][10]
Product
WhiteSource Bolt was launched in 2016.[11]
WhiteSource announced WhiteSource Teams for SMBs and WhiteSource Enterprise in January 2021.[9]
In April 2021, WhiteSource acquired Diffend to provide software supply chain security.[12] WhiteSource Diffend is available for free and offers an advanced platform for mitigating supply chain risks.
References
- ↑ Harris, Richard. "WhiteSource Bolt detects vulnerable open source components" (in en-US). App Developer Magazine. https://appdevelopermagazine.com/5101/2017/3/30/whitesource-bolt-detects-vulnerable-open-source-components/.
- ↑ 2.0 2.1 "Open source software co WhiteSource raises $10m - Globes English" (in he). http://www.globes.co.il/en/article-open-source-software-co-whitesource-raises-10m-1001192519.
- ↑ 3.0 3.1 "Whitesource מגייסת מיליון דולר; תנהל את ספריות הקוד הפתוח שלכם [גיוס | גיקטיים"] (in he-IL). https://www.geektime.co.il/whitesource-raises-million-dollars-to-manage-your-open-source-projects/.
- ↑ "WhiteSource offers open-source license management as a service" (in en-US). SD Times. 2012-05-14. https://sdtimes.com/whitesource/whitesource-offers-open-source-license-management-as-a-service/.
- ↑ Messmer, Ellen. "Security of open-source software again being scrutinized" (in en). Network World. https://www.networkworld.com/article/2164333/linux/security-of-open-source-software-again-being-scrutinized.html.
- ↑ 6.0 6.1 Greene, Tim. "Open source code is common, potentially dangerous, in enterprise apps" (in en). Network World. https://www.networkworld.com/article/3054045/security/open-source-code-is-common-potentially-dangerous-in-enterprise-apps.html.
- ↑ "5 Advantages of Using Open Source Software" (in en-US). TechCo. 2015-12-15. https://tech.co/open-source-software-advantage-2015-12.
- ↑ "WhiteSource nabs $35M to track open source code for security vulnerabilities" (in en-US). TechCrunch. https://techcrunch.com/2018/10/17/whitesource-nabs-35m-to-track-open-source-code-for-security-vulnerabilities/.
- ↑ 9.0 9.1 "WhiteSource raises $75M to move beyond open source security and compliance management" (in en-US). 2021-04-07. https://venturebeat.com/2021/04/07/whitesource-raises-75m-to-move-beyond-open-source-security-and-compliance-management/.
- ↑ Metinko, Chris (2021-04-07). "WhiteSource Secures $75M To Protect App Development" (in en-US). https://news.crunchbase.com/news/whitesource-secures-75m-to-protect-app-development/.
- ↑ "R Consortium announced IBM is a Platinum member, smartphone sales slowing down, and WhiteSource’s new developer tool" (in en-US). SD Times. 2016-06-07. https://sdtimes.com/components/r-consortium-announced-ibm-platinum-member-smartphone-sales-slowing-whitesources-new-developer-tool-sd-times-news-digest-june-7-2016/.
- ↑ "SD Times news digest: Android 12 Developer Preview 3, ComponentOne 2021 v1, and WhiteSource acquires Diffend" (in en-US). 2021-04-22. https://sdtimes.com/softwaredev/sd-times-news-digest-android-12-developer-preview-3-componentone-2021-v1-and-whitesource-acquires-diffend/.
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