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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

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

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In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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