intelligence360
  • SUBSCRIBE
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Socket acquires Coana in game-changing move for cybersecurity industry

Socket acquires Coana in game-changing move for cybersecurity industry

April 23, 2025 Craig Etkin

Socket’s acquisition of Coana brings best-in-class reachability analysis to application security teams globally, cementing Socket’s position as the leader in software supply chain security. The news comes as Socket has seen over 300% year-over-year revenue growth over the past year with customers including Anthropic, Figma, OpenAI, and Vercel.

SAN FRANCISCO – April 23, 2025 – Socket, the market leader in software supply chain security, today announced it has acquired Coana, a top-tier static analysis and reachability engine built by leading security researchers from Aarhus University. This acquisition significantly strengthens Socket’s platform and positions Socket as the clear market leader in modern Software Composition Analysis (SCA).

Coana brings powerful static control-flow and call graph analysis to Socket’s platform, allowing teams to prioritize vulnerabilities based on whether they’re actually exploitable in a given codebase. Flooding developers with endless security alerts can often subject security teams to “alert fatigue”, meaning real issues don’t get addressed, a common phenomenon with traditional vulnerability scanners. Key to managing this workload is reachability analysis, which enables security teams to prioritize vulnerabilities that need to be addressed rapidly above those which cannot be practically exploited.

Coana’s revolutionary reachability analysis engine solves this problem, eliminating up to 80% of false positives — allowing AppSec (Application Security) teams to cut through the noise and dramatically accelerating time to remediation for the most critical vulnerabilities.

“For every team buried under thousands of vulnerability alerts, Coana’s reachability analysis offers a better way forward,” said Feross Aboukhadijeh, CEO and Founder of Socket. “They’ve built the most scalable and accurate reachability engine we’ve seen, and we’re excited to bring it into Socket to give developers precise, actionable vulnerability insights — without the noise. Joining forces with Coana turbocharges our ability to deliver actionable, noise-free security alerts. This is a big win for our customers.”

The world-leading team behind Coana have now joined Socket. Coana was founded by static analysis experts from Aarhus University. Led by Professor Anders Møller, a world-renowned pioneer in JavaScript analysis, Martin Torp, Benjamin Barslev, and CEO Anders Søndergaard, the team has spent years advancing the state of the art in static and control-flow analysis.

Anders Søndergaard, CEO at Coana said: “Joining Socket means we can scale our impact immediately. Together, we’ll help organizations drastically reduce their vulnerability management burden.”

Martin Torp, CPO at Coana said: “We founded Coana to give developers a tool that finds 100 critical issues, not 10,000 trivial ones. Joining Socket enables us to take that vision to the next level. Socket has led the charge on supply chain security, and now together we’ll deliver reachability analysis at a scale and impact that we could only dream of as a standalone product.”

Teams using Coana’s reachability analysis tool have seen up to 10x faster remediation times of critical security vulnerabilities as a result.

With this acquisition, Socket now delivers the most complete and mature SCA platform on the market. The company currently protects over 8,500 organizations and 750,000+ code repositories, scanning every commit in real time. Socket detects and blocks more than 500 software supply chain attacks per week, and has identified over 100,000 malicious artifacts across open source ecosystems like npm, PyPI, Maven, and Go.

With the news following Socket’s $40M Series B funding led by Abstract Ventures, Elad Gil and a16z, Zane Lackey, General Partner at a16z, said: “Socket’s approach to open source security is simply better — it’s proactive, precise, and built for how modern teams work. The combination of Socket and Coana is the nail in the coffin for legacy SCA. This is the new standard for application security.”

This news comes as Socket has seen over 300% year-over-year revenue growth over the past year, and is now preventing 500+ supply chain attacks every week. Teams at Anthropic, Figma, OpenAI, and Vercel have moved from legacy SCA tools to Socket.

“Great technology is built by great people,” said Aboukhadijeh. “The Coana team shares our values and brings world-class engineering talent to Socket. Together, we’re going to redefine what secure software development looks like.”

To learn more about the Coana acquisition and what it means for customers, read Socket’s announcement blog post here.

About Socket

Socket is a developer-first security platform that protects your most critical apps from software supply chain attacks. Socket was built by prolific security experts whose open source software is installed over 1 billion times per month. Customers include top organizations in tech, media, manufacturing, and finance.

From tiny startups to Fortune 100 enterprises, Socket safeguards over 8.5K organizations (encompassing more than 750,000 repositories) from supply chain threats. Every week, 500+ supply chain attacks are prevented using Socket.

To learn more about our approach to developer security, check out a detailed walkthrough of the Socket platform by Feross Aboukhadijeh, Socket CEO. The Coana blog has many examples and case studies of Coana in action.

Socket is actively hiring across engineering, product, design, and sales. Candidates interested in building the future of software supply chain security can learn more at socket.dev/careers. If you’re interested in trying Socket, schedule a live demo, or just reach out – we’d love to show you how we can help.

SOURCE: http://www.intelligence360.io
Copyright (c) 2025 SI360 Inc. All rights reserved.


Mergers and Acquisitions (M&A)
California, Coana, intelligence360, Mergers and Acquisitions (M&A), San Francisco, Socket

Post navigation

NEXT
Fabric Global has filed a notice of an exempt offering of securities to raise $501,591.00 in New Debt Financing.
PREVIOUS
Rice University to spend $4,052,132.00 to occupy 1,194 square feet of space in Houston Texas.
Comments are closed.
Subscribe for FREE!

intelligence360

intelligence360
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
Load More... Subscribe

Categories

Recent Posts

  • Bespoken Spirits Announces Successful Close of Series-C Funding Round June 9, 2025
  • Bito Raises $5.7M Seed Extension to Expand AI Code Review Platform with Codebase Awareness June 9, 2025
  • Pillar Biosciences Raises $34.5M in Funding June 9, 2025
  • CloudZero Raises $56M Series C To Redefine Cloud Cost Optimization In The AI Era June 9, 2025

Archives

© 2025   Copyright SI360 Inc. All Rights Reserved.