Socket has officially acquired Coana, a cybersecurity start-up, to enhance its software composition analysis (SCA) capabilities. This acquisition aims to address the risks associated with integrating open-source code by better identifying potential vulnerabilities in software applications.
Key Points
- Socket focuses on software composition analysis to identify vulnerabilities in open-source code.
- The acquisition of Coana introduces a reachability engine to prioritise vulnerabilities efficiently.
- This merger aims to alleviate alert fatigue among cybersecurity professionals.
- Socket reports significant client growth with revenues projected to increase by 300% this year.
- Notable clients include Anthropic, Figma, OpenAI, and many startups.
Why should I read this?
If you’re in tech or cybersecurity, you won’t want to skip this! Socket’s acquisition of Coana signals a major step in tackling open-source security challenges. It’s all about making coding safer and smarter, so if you’re dealing with software development, get the scoop now!