Black Duck Software secures $12m in new funding

By Chris Reidy, Globe Staff

Black Duck Software, which helps companies manage the use of open-source software, said it has closed a $12 million round of funding.

The round was led by new investor Split Rock Partners, Waltham-based Black Duck said in a press release; existing investors also participated in the round.

Black Duck’s investors include General Catalyst Partners, Volition Capital, Flagship Ventures, Focus Ventures, Intel Capital, SAP Ventures, and Red Hat.

In a statement, Black Duck president and chief executive Tim Yeaton said, “This top-off investment round, including continuing support from our existing investors, allows us to further accelerate our growth through both organic investment and expansion, as well as continued acquisitions.”

Black Duck said its corporate headcount is roughly 150 employees. Over its life span, Black Duck said it has raised a total of $46 million. Black Duck was founded in 2002.