Sonatype, a company that helps companies build more secure software, will be announcing an $80 million funding round led by TPG.

Why it matters: The Equifax breach occurred with a known vulnerable component. Sonatype's aim is to help companies choose more secure components — and know when the components they use have new vulnerabilities so they can patch them.

Sonatype’s other goal is to help companies more take advantage of open source code.

Driving the investment: Sonatype CEO Wayne Jackson said he's been in talks with TPG for "well over a year," but wasn't willing to accept the dilution that accompanies such a large investment until now.

  • “While the use of open source continues to grow exponentially, its ungoverned use presents significant security risks, as evidenced by last year’s breach at Equifax,” said Art Heidrich of TPG said in a statement.

The details: The round is the largest in volume ever for the firm and surpasses the combined funds the firm previously raised since the firm was founded in 2008, per CrunchBase.

  • The investment round will back additional R&D investments, sales, marketing, and strategic objectives, including expanding Sonatype’s Nexus platform offerings.
  • Existing investors participated in the new round, including Accel, Goldman Sachs Group, and Hummer Winblad. Barclay’s is acting as financial advisor.

Go deeper

Updated 35 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8:15 a.m. ET: 30,539,903 — Total deaths: 952,629— Total recoveries: 20,800,482Map.
  2. U.S.: Total confirmed cases as of 8:15 a.m. ET: 6,726,353 — Total deaths: 198,603 — Total recoveries: 2,556,465 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: The dwindling chances of eliminating COVID-19 — Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.
Bryan Walsh, author of Future
2 hours ago - Health

The dwindling chances of eliminating COVID-19

Illustration: Eniola Odetunde/Axios

As the coronavirus pandemic drags into its seventh month, it remains an open debate whether the U.S. should aim for the elimination of COVID-19 — and whether we even can at this point.

Why it matters: This is the question underlying all of the political and medical battles over COVID-19. As both the direct effects of the pandemic and the indirect burden of the response continue to add up, we risk ending up with the worst of both worlds if we fail to commit to a course.

Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.