The company intends to bolster its workforce in India, focusing on hiring across engineering, product development, and go-to-market roles.
In a conversation with CNBC-TV18, Dan Lorenc, CEO and co-founder of Chainguard, mentioned that the firm currently has about 20 employees in India, covering engineering, operations, and partnerships, with plans to increase that number as the company grows in the region.
“We’ll be adding more personnel,” Lorenc stated, highlighting that while the firm continuously assesses hiring needs in light of AI-driven automation, India remains a vital market for talent.
Chainguard noted that its Indian engineering teams are already engaged in fundamental product development, with technologies created here being deployed worldwide.
In addition to engineering, the startup is also enhancing its sales, pre-sales, solution architecture, and partner-facing teams to support its partner-led expansion strategy.
Naveen Sharma, Global Vice President of Partnerships, shared with CNBC-TV18 that India will continue to be a significant destination for the company’s investments, citing its rich engineering talent, vibrant open-source ecosystem, and the rapid uptake of AI technologies.
“As we grow in this region, our workforce and presence in India will evolve in tandem with our commercial ambitions,” Sharma stated.
India’s expanding network of over 1,700 Global Capability Centres (GCCs) presents a key opportunity for Chainguard, with multinational companies increasingly building AI infrastructure and software engineering capabilities in the country.
Chainguard is forming partnerships with leading system integrators such as TCS, Infosys, HCLTech, LTIMindtree, and Persistent, while also collaborating with AWS, Google Cloud, and Microsoft Azure to incorporate its software security platform into enterprise developer workflows.
The company counts OpenAI, Canva, and Cloudera among its international clients, with its Indian clientele including Slice Bank, Amagi, and Fyno.
This expansion follows Chainguard’s recent successful growth capital raise, bringing its total funding to $892 million at a valuation of $3.5 billion.
However, the company refrained from commenting on future fundraising initiatives or a timeline for a possible IPO.
“Our current focus is on scaling responsibly and maintaining the trust of our customers. We believe that long-term success will naturally offer a range of future options,” Sharma expressed.
Regarding revenue, Chainguard revealed that approximately 80% of its business is driven by the US market, with about 10% from Europe and the remaining 10% from other regions—an imbalance the company aims to address through its expansion in Latin America and Asia Pacific. The firm chose not to disclose specific revenue targets or contributions for India.
In a separate development, Chainguard launched Athena this week, an industry coalition aimed at bolstering open-source software security against AI-driven cyber threats by enabling member organizations to identify vulnerabilities and create patches before these flaws can be exploited publicly.
