Snyk, a Boston, MA-based developer security company, raised $196.5M in Series G funding at a $7.4 Billion valuation.
The round was led by QIA, with participation from Evolution Equity Partners, G Squared, Irving Investors, boldstart ventures, Sands Capital and Tiger Global.
The company intends to use the funds to accelerate growth, and to enhance and expand, both organically and inorganically via strategic acquisition, its Developer Security Platform.
Led by CEO Peter McKay, Snaky is a developer security company that allows developers to build applications and equip security teams to secure the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings and an overall improved security posture. The platform automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with their development teams.
Snyk is used by 2,300+ customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.
FinSMEs
13/12/2022