Focused Industries: Cyber Security, Developer Tools
Description: Gemnasium, founded in 2016 and headquartered in Canada, provides monitoring of software dependencies, security update notifications, and automated source code updates. It serves tens of thousands of users, helping them to address vulnerabilities in open source software across Java, Ruby, NPM, PHP, Python, and Bower.
Outcome: Gemnasium was acquired by Gitlab, marking a significant development in the realm of developer tools and enhancing Gitlab's capabilities in addressing software security. The acquisition reflects investors' recognition of the potential of Gemnasium's offerings in the cyber security domain.