About Anchore
Anchore is the first SBOM-powered software supply chain management platform to help you reduce risk and increase transparency in software supply chains.
Company Size When We Started Working with them:
50-60 employees
Industry:
Software- Bill of Materials
Government Experience Prior to Working with us:
None
LC Capture Strategist Working with the Company:
Problem Statement
Anchore came to Long Capture in 2019 because they had a good leading tech with decent commercial traction, and they thought it could make a good transition to serve the federal market.
However, they didn’t know how to get started. They were unaware of the SBIR program, or any of the other avenues ahead to work with the federal government.
Timeline
Summary
Anchore recently raised a $20M series A.
Many people think of this process as a completely linear structure, and at times it does work out that way. However, in some cases there is opportunity off the beaten path, and those opportunities should be explored.
In Anchore’s case, those opportunities included an additional Phase II (nearly $2m) and a TACFI that occurred after a Phase III ($1.5 M). Without a team willing to invest the time and energy to flip over any reasonable stone along the way, the company could have missed out on nearly $3.5M in federal funding.
This is why it is important to have a team who is well-versed and invested in the field, and adaptable enough to adjust in any way necessary.
