Socket, a leading platform for open-source software security, has raised $40 million in a Series B funding round. The round was led by Abstract Ventures, with participation from a16z, Elad Gil, and top angel investors. This latest funding brings Socket's total funding to $65 million. The capital will be used to enhance the company's capabilities in detecting and mitigating security flaws in software supply chains. According to a recent survey, 88% of companies have identified the software supply chain as a significant risk. Socket aims to address these vulnerabilities and strengthen the security of open-source software. Feross, the founder of Socket, emphasized the importance of safeguarding the industrial base.