---
title: "Chainguard revenue and valuation"
description: "Chainguard's revenue is estimated at $104M–$290M. Valued at $3.5B after raising $892M. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/chainguard.md
canonical_url: https://www.tryspecter.com/revenue-valuation/chainguard
publisher: Specter
last_updated: 2026-11-01
---

# Chainguard revenue and valuation

Specter estimates Chainguard's annual revenue at $104M to $290M and its valuation at $2.64B to $4.25B. The company was priced at $3.5B in April 2025.

Chainguard builds hardened, verifiable open-source artifacts and minimal container images.

- Estimated revenue: $104M to $290M (October 2026)
- Estimated valuation: $2.64B to $4.25B (October 2026)
- Total funding: $892M
- Founded: 2021
- Headquarters: Kirkland, United States
- Employees: 791
- Sector: Security
- Specter Rank: #421,097

## Chainguard revenue

Specter's model puts current revenue between $104M and $290M.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $196M | $104M | $290M |
| September 2026 | $137M | $85M | $189M |
| August 2026 | $143M | $95M | $191M |
| July 2026 | $140M | $89M | $191M |
| June 2026 | $141M | $84M | $197M |
| May 2026 | $149M | $84M | $210M |
| April 2026 | $152M | $88M | $220M |
| March 2026 | $129M | $81M | $177M |
| February 2026 | $133M | $83M | $183M |
| January 2026 | $137M | $87M | $188M |
| December 2025 | $130M | $75M | $186M |
| November 2025 | $106M | $57M | $154M |
| October 2025 | $102M | $52M | $152M |
| September 2025 | $90M | $57M | $123M |
| August 2025 | $93M | $58M | $127M |
| July 2025 | $84M | $48M | $120M |
| June 2025 | $84M | $47M | $120M |
| May 2025 | $75M | $40M | $110M |
| April 2025 | $67M | $29M | $104M |
| March 2025 | $45M | $20M | $70M |
| February 2025 | $40M | $16M | $65M |
| January 2025 | $32M | $11M | $52M |
| December 2024 | $31M | $12M | $49M |
| November 2024 | $27M | $11M | $43M |
| October 2024 | $25M | $9.9M | $40M |
| September 2024 | $26M | $9.7M | $43M |
| August 2024 | $21M | $7.9M | $34M |
| July 2024 | $23M | $7M | $39M |
| June 2024 | $18M | $6M | $29M |

## Chainguard valuation

Chainguard's valuation rose from $1.12B at its Series C in July 2024 to $3.5B at its Series D in April 2025. Specter's live estimate sits between $2.64B and $4.25B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $3.35B | $2.64B | $4.25B |
| September 2026 | $2.73B | $1.82B | $4.09B |
| August 2026 | $2.72B | $1.87B | $3.95B |
| July 2026 | $2.79B | $1.92B | $4.05B |
| June 2026 | $2.82B | $2.03B | $3.9B |
| May 2026 | $2.97B | $2.22B | $3.96B |
| April 2026 | $3.11B | $2.32B | $4.15B |
| March 2026 | $3.15B | $2.33B | $4.25B |
| February 2026 | $3.33B | $2.6B | $4.27B |
| January 2026 | $3.37B | $2.72B | $4.16B |
| December 2025 | $3.45B | $2.85B | $4.19B |
| November 2025 | $3.49B | $2.88B | $4.22B |
| October 2025 | $3.5B | $2.91B | $4.21B |
| September 2025 | $3.5B | $2.84B | $4.32B |
| August 2025 | $3.5B | $2.86B | $4.28B |
| July 2025 | $3.5B | $2.9B | $4.22B |
| June 2025 | $3.5B | $2.91B | $4.21B |
| May 2025 | $3.5B | $2.9B | $4.23B |
| April 2025 | $3.5B | $2.91B | $4.21B |
| March 2025 | $3.08B | $2.58B | $3.68B |
| February 2025 | $2.72B | $2.26B | $3.27B |
| January 2025 | $2.39B | $2.01B | $2.85B |
| December 2024 | $2.11B | $1.78B | $2.5B |
| November 2024 | $1.86B | $1.54B | $2.25B |
| October 2024 | $1.64B | $1.35B | $1.98B |
| September 2024 | $1.44B | $1.2B | $1.74B |
| August 2024 | $1.27B | $1.05B | $1.54B |
| July 2024 | $1.12B | $930M | $1.35B |
| June 2024 | $1.49B | $1.23B | $1.8B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $3.5B | October 2025 | [geekwire.com](https://www.geekwire.com/2025/chainguard-lands-280m-to-help-scale-cybersecurity-startups-open-source-software-protections/) |
| $3.5B | June 2025 | [geekwire.com](https://www.geekwire.com/2025/cybersecurity-startup-chainguard-lands-356m-now-valued-at-3-5b/) |
| $3.5B | April 2025 | Funding round |
| $1.12B | July 2024 | Funding round |
| $3.5B | March 2024 | [youtube.com](https://www.youtube.com/watch?v=vo4XRfDx7sc) |

## Chainguard funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 23 Oct 2025 | Debt financing | $280M | Undisclosed | General Catalyst |
| 23 Apr 2025 | Series D | $356M | $3.5B | Kleiner Perkins, IVP |
| 25 Jul 2024 | Series C | $140M | $1.12B | Redpoint, Lightspeed Venture Partners, IVP |
| 1 Nov 2023 | Series B | $61M | Undisclosed | Spark Capital |
| 2 Jun 2022 | Series A | $50M | Undisclosed | Sequoia Capital |
| 8 Dec 2021 | Seed | $5M | Undisclosed | Amplify Partners |

## Chainguard vs competitors

Software supply chain security focuses on either proactive artifact hardening or reactive vulnerability analysis.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Chainguard | $104M–$290M | $2.64B–$4.25B |
| Echo (echo.ai) | $2.5M–$14M | $230M–$640M |
| Minimus (acquired by Echo) (minimus.io) | $1.8M–$7.9M | $94M–$540M |
| RAPIDFORT (rapidfort.com) | $3.2M–$18M | $154M–$490M |
| Anchore (anchore.com) | $2.4M–$10M | $30M–$183M |

## Questions

### What is Chainguard's revenue?

Specter estimates Chainguard's annual revenue at $104M to $290M as of October 2026.

### What is Chainguard's valuation?

Chainguard's latest post-money valuation is $3.5B, from an April 2025 Series D. Specter's live estimate is $2.64B to $4.25B.

### How much funding has Chainguard raised?

$892M across six rounds, from a $5M Seed in December 2021 to a $280M debt financing in October 2025.

### Who invested in Chainguard?

25 investors, including General Catalyst, IVP, Kleiner Perkins, Lightspeed Venture Partners, Redpoint and Spark Capital.

### Who are Chainguard's competitors?

Echo, Minimus (acquired by Echo), RAPIDFORT and Anchore. Specter ranks 30 competitors for Chainguard.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Chainguard revenue and valuation." tryspecter.com/revenue-valuation/chainguard. Updated November 2026.