🏆 Deal of the Week · CW 17/2022
SonarSource raised USD 412 million in a Venture Round in April 2022, reaching a valuation of USD 4.3 billion. The round was backed by a consortium of four major growth and private equity investors: Advent International, General Catalyst, Insight Partners, and Permira. This transaction was recognised as Venionaire DealMatrix's Deal of the Week for KW 17/2022.
SonarSource — key deal facts
| Company | SonarSource |
| Founded | 2008 |
| Headquarters | Geneva, Switzerland |
| Amount raised | USD 412M |
| Valuation | USD 4.3B |
| Round | Venture Round |
| Investors | Advent International (https://www.adventinternational.com/) General Catalyst (https://www.generalcatalyst.com/) Insight Partners (http://insightpartners.com) Permira (https://www.permira.com/) |
| Sectors | Cyber Security |
Who invested in SonarSource?
The round drew participation from Advent International, General Catalyst, Insight Partners, and Permira. The investor mix is notable for combining a specialist growth-equity firm (General Catalyst), a software-focused growth investor with deep DevOps exposure (Insight Partners), and two large private equity platforms with global reach (Advent International and Permira). This composition signals institutional conviction in SonarSource's potential to scale its commercial product suite across enterprise markets.
What does SonarSource do?
SonarSource was founded in 2008 by Olivier Gaudin, Freddy Mallet, and Simon Brandhof, and is headquartered in Geneva, Switzerland. The company develops open-source and commercial software solutions for continuous code quality and code security, helping development teams identify vulnerabilities and defects before they reach production. Its core product portfolio includes SonarQube Cloud, SonarQube Server, SonarQube for IDE, Advanced Security, and Gitar, covering automated code review, secrets detection, and analysis of developer-written, AI-generated, and third-party code. SonarSource reports a global user base of over 7 million developers and more than 22,000 customers.
SonarSource valuation & multiples
No existing multiples analysis was provided for this transaction. For context on how deal valuations in the Cyber Security sector are typically assessed, readers can consult the relevant EV/Sales and EV/EBITDA benchmark ranges on the Venionaire DealMatrix sector multiples pages.
Explore the benchmarks: Cyber Security.
Frequently asked questions
How much did SonarSource raise in its Venture Round?
SonarSource raised USD 412 million in a Venture Round announced in April 2022.
What is SonarSource's valuation?
SonarSource was valued at USD 4.3 billion at the time of its April 2022 Venture Round.
Who invested in SonarSource?
The Venture Round was backed by Advent International, General Catalyst, Insight Partners, and Permira.
When was SonarSource founded and where is it based?
SonarSource was founded in 2008 and is headquartered in Geneva, Switzerland.
Source: original announcement — read the full report.