The new funding will accelerate product development and expand the workforce, particularly in engineering, product, and sales roles.

Notable participants in the funding round include industry leaders such as Bret Taylor from OpenAI and Phil Venables from Google.

Socket has introduced Socket Optimize, a command line interface that helps npm users fetch optimized packages by removing unnecessary dependencies.

The platform now supports six programming languages, including recent additions of Java and Ruby, enhancing its ability to combat hidden code and malware.

With 88% of companies viewing poor security as a significant risk, the demand for Socket's services is growing as organizations increasingly rely on open-source code.

Attackers exploit open-source code by embedding malicious code in popular libraries, targeting numerous organizations simultaneously.

Socket, a security-focused developer, has secured $40 million in Series B funding, bringing its total to $65 million since its launch in 2021.

Socket's AI-powered threat detection has successfully blocked over 100 software supply chain attacks weekly, demonstrating its effectiveness across various sectors.

Over 90% of modern applications are built on open source, making security against supply chain attacks more critical.

Recent cybersecurity incidents have underscored the urgent need for new security solutions in an era of widespread open-source software use.

Socket aims to prevent supply chain threats before they infiltrate organizations, allowing developers to focus on innovation without compromising security.

CEO Feross Aboukhadijeh emphasizes that traditional security tools are inadequate for modern software development challenges, highlighting the need for continuous improvement.