Cloudsmith Raises $72 Million to Secure AI-Driven Software Development

Cloudsmith raised $72 million in a Series C funding round for its artifact management platform as it aims for “massive growth” during the era of artificial intelligence-driven software development, the company said in a Wednesday (April 22) press release.

The company will use the new funding to accelerate its product development and expand its go-to-market capabilities, according to the release.

This round came just over a year after a March 2025 Series B round in which Cloudsmith raised $23 million.

Cloudsmith has found growing demand for its cloud-native platform as enterprises seek to replace their legacy tools with infrastructure that can keep up with the speed and scale of AI-generated software and provide the guardrails and governance required for AI coding agents, the company said in the Thursday press release.

Because AI coding agents generate code at unprecedented velocity and volume, enterprises need a platform that can manage the artifacts and dependencies they produce. Cloudsmith’s platform enables engineering teams to govern every package, at every stage, so they can maintain security and control while moving fast, per the release.

“AI agents generate so much software, so fast, it’s nearly impossible for humans to carefully review it all,” Cloudsmith CEO Glenn Weinstein said in the release. “Cloudsmith has the scale, and the broad view across the open-source ecosystem, to protect enterprises against the new kinds of threats that AI-driven development introduces.”

Morgan Gerlak, partner at TCV, which led the round, said in the release that Cloudsmith is “a company we see as defining artifact management for the AI era.”

“As AI shapes the software supply chain, we believe Cloudsmith is uniquely positioned to become a platform enterprises rely on for compliance, control and security at global scale,” Gerlak said.

Cloudsmith announced in November 2025 that it added a Model Context Protocol (MCP) Server that brings its platform’s capabilities directly into the developer’s AI-powered workflows.

In March, the company said it expanded its security capabilities to position its unified data and enforcement plane as “the critical defense against the evolving software supply chain threat landscape.”

PYMNTS reported in June 2025 that AI coding assistants enable businesses to slash their technology development expenses while maintaining competitive digital capabilities.