US-based open-source software company Black Duck Software has raised $20m in series F funding, in a round featuring the corporate venturing units of chipmaker Intel and Germany-based software company SAP.
Venture capital firm General Catalyst Partners led the round, with participation from software company Red Hat and venture capital firms Flagship Ventures, Split Rock Partners and Volition Capital.
Black Duck provides an OSS logistics service. Black Duck connects developers to comprehensive OSS resources through The Black Duck Open Hub. The additional capital will be used for global expansion.
“With this funding in place, we are well-positioned to advance OSS Logistics solutions across the enterprise,” said Black Duck president and chief executive Lou Shipley. “Over the next 18 months, we will release powerful new solutions aimed at solving critical supply chain and software development challenges that have resulted from the explosive growth of OSS in enterprises worldwide. Black Duck is among the first to recognise the need for a smarter, more efficient approach to streamlining, safeguarding, and managing the software development and deployment chain. As such, we are ready to help the world’s most innovative organisations better leverage, secure, and grow their investments in open source to achieve greater business success.”
The company has also named Stephen Gregorio as chief financial officer and executive vice president
Black Duck raised $12m in series D funding in 2011 from Split Rock Partners, Violation Capital, Red Hat, Intel, SAP, Flagship Ventures, Focus Ventures and General Catalyst Partners.
$12m was raised in series C funding in 2007 from Violation Capital, Intel, SAP, Flagship Ventures, Focus Ventures and General Catalyst Partners. $12m was raised in series B funding in 2005 and $5m in a series A round in 2004.