Cybersecurity co Snyk raises $200m at $2.6b valuation


Israeli cybersecurity firm Snyk has introduced that it has raised $200 million in a Collection D financing spherical. This spherical was accomplished at an organization valuation of $2.6 billion and comes after Snyk raised $150 million in January and $70 million final 12 months. The corporate has raised $450 million up to now together with the newest financing spherical.

Snyk brings developer-first safety to each digitally-driven group, scaling software safety to the tempo of the cloud and DevOps period.

The corporate was based in 2015 by Man Podjarny, Assaf Hefetz and Danny Grander – all graduates of the Israel Protection Forces 8200 intelligence unit. In July 2019, Snyk appointed Peter McKay as CEO, an investor who has been concerned with Snyk since its inception and an outdated good friend of Podjarny.

Traders in Snyk embody Salesforce Ventures, Stripes, Accel, Coatue, Tiger World, Boldstart, GV, Canaan,Pattern Ahead, and Amity.

Snyk has 350 staff together with 85 in its Tel Aviv improvement middle and the remainder in its London headquarters and improvement middle and New York workplace. Snyk says that over the previous 12 months it has doubled its workforce and seen income rise 275%. The corporate experiences that it has 1.5 million customers, up from 400,000 when it accomplished its final financing spherical in January.

McKay mentioned, “This newest funding will assist us to higher meet the distinctive challenges of our time. Because the pandemic fuels the dramatic acceleration of digital transformation tasks globally, it’s essential that we proceed to supply very busy improvement groups with safety intelligence, automated workflows, and visibility that may assist mitigate their dangers sooner and extra simply.” – on September 9, 2020 © Copyright of Globes Writer Itonut (1983) Ltd. 2020


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