Snyk, a London, UK-based developer-first security company, raised $70m in funding.
The round, which brought total funds raised to $102m, was led by Accel and existing investors GV and Boldstart Ventures.
The company intends to use the funds to accelerate its go-to-market strategy, continue to drive massive growth in product adoption and usage, and continue its expansion into new global markets.
Led by Guy Podjarny, Founder and President, Peter McKay CEO, Ken MacAskill, CFO, Stephanie Dominy, General Counsel, and Dipti Salopek, VP of People, Snyk is a developer-first security company that allows organizations to use open source and stay secure.
Built on a comprehensive, proprietary vulnerability database, maintained by an expert security research team in Israel and London, the solution proactively finds and fixes vulnerabilities and license violations in open source dependencies and container images.
It integrates into existing developer workflows, source control (including GitHub, Bitbucket, GitLab), and CI/CD pipelines.
The company’s global user community has reached more than 300,000 developers worldwide. Major enterprise customers include Google, Microsoft, Salesforce and ASOS.