Palamida Inc.

Palamida Inc. specializes in open source license compliance and security management, offering organizations a comprehensive solution for managing software vulnerabilities and compliance risks effectively. Palamida Inc. was founded in 2004 and is headquartered in San Francisco, US.

The company focuses on providing solutions for open source software compliance and security. In October 2016, it was acquired by Flexera Software, which is a portfolio company of Thoma Bravo and Teachers' Private Capital. The company has participated in 4 deals, with the latest funding round being Series C, raising USD 5. 50 mn from investors including Aspenwood Ventures, Mitsui Global Investment, and Walden Venture Capital.

Palamida’s primary product, Code Insight, is an integrated solution designed for open source license compliance and security management. The platform enables organizations to discover, analyze, and construct a Software Bill of Materials (SBOM) for the code they control, addressing critical issues surrounding open source software security risks and license compliance. Code Insight supports over 14 million components across more than 25 programming languages and accommodates over 70 file extensions, providing actionable insights into vulnerabilities from various data sources such as the National Vulnerability Database (NVD) and Secunia Research. It serves development, legal, and security teams in various industries, particularly in highly regulated sectors like finance, healthcare, and manufacturing across North America, Europe, and Asia-Pacific.

Palamida generates revenue primarily through subscription-based licensing for its Code Insight platform, allowing clients to access the software as a service (SaaS). The pricing model varies based on usage scale, including the number of users or components analyzed, with options for enterprise-level solutions tailored to client needs. Customers typically consist of businesses managing their open source software dependencies while ensuring compliance with licensing requirements, often entering into annual or multi-year commitments to create long-term partnerships that enhance compliance management and mitigate security risks. Palamida is focused on expanding its product offerings and geographic reach.

The company plans to launch new features within the Code Insight platform, targeting enhanced capabilities for open source license compliance and security. It aims to expand into emerging markets in Asia-Pacific and Europe by the end of 2023. The recent funding from the Series C round will be utilized to develop these new features and support market expansion initiatives. The acquisition by Flexera Software is expected to enhance Palamida’s operational capabilities and market presence.