FOSSA delivers a developer-native open source management platform that combines a comprehensive policy engine with scanning tools to identify, control and remediate open source vulnerabilities and license risks. The company launched FOSSA Security Management to extend its offering into continuous security management alongside license compliance. FOSSA emphasizes integration into engineering, security, and legal workflows to enforce risk policies at scale without slowing software delivery. It reports powering more than 90 million open source software scans and holding more than 80 enterprise contracts with customers across automotive, telecom, high-tech, manufacturing, and financial services. Leadership says revenue has accelerated significantly in the past year, enabling further product investment and global expansion into EMEA. FOSSA cites major customers including Uber, Zendesk, Twitter, Verizon, Fitbit, and UiPath as users of its platform. FOSSA builds a platform that helps enterprises track all open-source and third-party code, enforce licensing and security policies, and automate compliance reporting. Founded in 2017 by CEO Kevin Wang, the company shifted from a developer-focused tool to an enterprise-focused platform. Its product includes code scanning/tracking, policy enforcement, and mass reporting capabilities to manage open-source usage at scale. FOSSA has grown headcount from 10 to 40 employees and reports tripling revenue and customer accounts year over year. The new funding is intended to accelerate that growth, expand the product, and enter additional markets. To date the company has raised $11 million. FOSSA offers an automated license-management product (in open beta) that analyzes code, identifies license requirements, provides legal language authored by open-source lawyers, and suggests fixes integrated with trackers like Jira and communications tools like Slack. The company says its tool automates disclosures and attributions to bring development teams closer to compliance than manual spreadsheet tracking. FOSSA was launched in 2014 and is led by 22‑year‑old founder Kevin Wang; it has fewer than 10 employees. Investors and the company characterize the product as an enterprise-grade solution addressing legal risk introduced by modern development practices. The startup highlights that most teams currently track licenses manually, creating compliance gaps that FOSSA aims to close. Management plans to use the seed proceeds to expand engineering, sales, and go-to-market efforts.

Total raised

$34M

Funding rounds

3

Latest round

Series B

Latest activity

Oct 2020