Business

Belfast-based Cloudsmith to create 60 jobs after landmark £12m funding round

Cloudsmith chief executive Alan Carson

BELFAST software firm Cloudsmith has announced plans to create 60 jobs after landing one of the biggest ever funding rounds for the north's tech sector.

The software supply chain management company has secured €15 million (£11m) in a landmark deal for the city's burgeoning tech hub.

Founded in 2016 by Alan Carson and Lee Skillen, Cloudsmith essentially offers enterprise-grade customers the ability to manage software through the cloud.

It already has customers across Europe, the Middle East and Australia. It's now eyeing further growth in the US market.

The funding round, led by Silicon Valley venture capital firm Tiger Global, also included Shasta, Amaranthine, Sorenson and Leadout Capital.

Existing backers Frontline, MMC and Techstart also followed on, as did angel investors including Sarah Friar, the Co Tyrone-born chief executive of Nextdoor.

Alan Carson said: “Cloudsmith was built to tackle the complexity of managing software assets, which is a key challenge for any company to secure their software supply chains.

"Our service allows our customers to track and control the distribution of any software asset and provides tooling to minimize the risks of utilizing open-source software."

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