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Snyk raises $530M at $8.5B valuation reflecting market shift to developer security

  • Press
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  • 09.12.2021

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From Snyk Blog:

Investment Reflects Market Shift to Developer Security and Increased Global Demand for Snyk’s Developer Security Platform

BOSTON – September 9, 2021 – Snyk, the leader in developer security, today announced a $530 million Series F investment to accelerate the industry’s shift to developer security as organizations rapidly modernize their applications with security built into the entire software development life cycle. The transaction included both primary and secondary offerings with more than $300 million of new capital. The company has now raised a total of $775 million to date with a valuation of $8.5 billion post this round, more than tripling since the beginning of 2021.

The round was co-led by Sands Capital and Tiger Global, with participation from new investors Baillie Gifford, Koch Strategic Platforms, Lone Pine Capital, T. Rowe Price and Whale Rock Capital Management as well as existing investors Accel, Addition, Alkeon, Atlassian Ventures, funds managed by BlackRock, Boldstart Ventures, Canaan Partners, Coatue, Franklin Templeton, Geodesic Capital, Salesforce Ventures and Temasek.