Snyk Closes $200M Series D Funding; Valued at Over $2.6 Billion


Snyk, a Boston, MA-based developer-first security company, raised $200m in funding.

The round – which follows a January fundraise of $150m, increasing total investment to $450m and the valuation to more than $2.6 billion – was led by Addition. 

The company intends to use the funds to expand operations and its business reach.

Led by Peter McKay, CEO, Snyk provides a comprehensive developer-first security solution, which includes open source security, container security and recently launched infrastructure as code security.

The system proactively finds and fixes vulnerabilities and license violations in open source dependencies and container images. The solution is built on a comprehensive, proprietary vulnerability database, maintained by an expert security research team in Israel and London, with integration into existing developer workflows, source control (including GitHub, Bitbucket, GitLab), and CI/CD pipelines. 

Customers include Google, Salesforce, Revolut and ASOS, among others.

Backers in the company also include Accel, Amity, Boldstart, Canaan, Coatue, GV, Salesforce Ventures, Stripes, Tiger Global, and Trend Forward.   



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