Cloudsmith wants to make software management more secure. Check out the pitch deck he used to raise $ 15 million backed by mega-investor Tiger Global.


The Cloudsmith Team Lauren Mills, Lee Skillen (CTO), Alan Carson (CEO), Mallory Mullan.
  • Belfast-based software startup Cloudsmith has raised $ 15 million from Tiger Global.
  • The company’s round is one of the largest in Northern Ireland.
  • Check out Cloudsmith’s pitch deck below.
  • See more stories on the Insider business page.

US investment giant Tiger Global led the largest technology fundraiser in Northern Ireland in 16 years, supporting a startup that aims to improve the security of software supply chains.

Belfast-based Cloudsmith, which was founded in 2016, allows businesses to manage all of their software assets from a single interface while simultaneously checking for any vulnerabilities in their configuration. The startup says its technology can help reduce the need to hire dedicated support staff.

Security has become a major issue in the software supply chain industry, which simply refers to anything that affects the development of a company’s code through its development and release. In May, US President Joe Biden signed an executive order designed to get the federal government to improve the security of its software supply chain as part of a push for higher standards.

“The Biden case was great because it puts a stake in the ground on what will be needed for the next ten years,” Alan Carson, CEO and co-founder of Cloudsmith, told Insider. “The last decade of software was about automation, the next decade will be about security. Whether it’s business to business or business to government, you need a better understanding of the software you are using.”

Carson added, “The management of software pipelines is becoming more and more chaotic, so it is more difficult to create more secure software supply chains. “

The startup cycle is the largest in Northern Ireland since Telecommunications software company Aepona raised $ 20 million in 2005. This is a notable achievement for a nascent but growing ecosystem that has raised a new record of $ 61.5 million in venture capital funding last year.

Cloudsmith raised its $ 2.9 million funding round in November 2019 with MMC Ventures and Frontline Ventures. Carson has also spent time in the Bay Area connecting with clients and investors.

“Being in Northern Ireland was not as much of a crutch as it could have been,” he added. “The goal was to get American investment because our main market is the United States, so it made sense to get money from people in that network.”

Funding was raised over a five-week period, with Cloudsmith making five to eight presentations each day to narrow an investor funnel. The tour will be used to reinforce the 17 current employees of the company.

“We’re really excited about the opportunity to build where we are now and go into a global market,” Carson said.

Check out Cloudsmith’s pitch deck below:

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