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, a startup focused on helping developers work with open source technology, announced today the close of a $25 million Series B round of funding just seven months after .

The Boston company has now raised a total of $40 million since it was founded in 2017.

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It looks like the same group that invested in Tidelift鈥檚 Series A also ponied up dollars for this round., , and聽, the former chairman and CEO of , co-led the financing. As our EIC, Alex Wilhelm, noted last year, Red Hat is a public open-source-centered technology company.

In a , Tidelift said it plans to use the funding 鈥渢o accelerate the adoption of its new business model for open source.鈥�

Tidelift鈥檚 key offering is a subscription product that with an annual commitment, putting it squarely outside of the consumer and prosumer developer market.

Tidelift Subscription, as it is creatively known, is a two-part service. First, it provides 鈥渃ommercial-grade security updates, maintenance, and quality assurance鈥� to developers using open source technology, per the company鈥檚 website.

鈥淲e鈥檝e reached a crucial turning point for open source,鈥� said Tidelift co-founder and CEO adding that 鈥淗eartbleed, Equifax, and the recent spate of open source supply chain attacks are all symptoms of a systemic under-investment in maintenance of widely used open source packages.鈥�

鈥淭he stakes are now too high, and it is no longer an option to accept the status quo,鈥� Fischer continued.

In a posted today, Fischer also noted that the company is hiring for a variety of positions across the company.

Last September, Tidelift announced it had over $1 million committed to pay maintainers for providing a standard set of security, maintenance, and licensing assurances around their packages. Since then, hundreds of packages have been added to the Tidelift Subscription, across the JavaScript, Java, Python, PHP, .NET, and Ruby language ecosystems, according to the company.

, managing director at General Catalyst, said in a press release that Tidelift is filling 鈥渁n unmet need by connecting organizations that rely on open source with the maintainers who create the components they use every day.鈥�

鈥淭he approach is working because it addresses acute pain points for both creators and users of open source and brings those groups together on a common business and technology platform,鈥� Bohn added.

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