Snyk Closes $200M to Modernize Security Industry
Blog post from Snyk
Snyk Closes $200M to Modernize Security Industry` Snyk, a company focused on modernizing the security industry by empowering developers to integrate security into their software development lifecycle, has closed a $200 million funding round led by Addition. The investment brings Snyk's total funding to $450 million and its current valuation to over $2.6 billion. Despite the challenges of the pandemic year, Snyk has continued to drive its mission forward, growing revenue by 275% and forging significant partnerships with industry leaders. The latest investment will help meet the unique challenges of this time, providing security intelligence, automated workflows, and visibility to busy development teams. Snyk is proud of its hard-won milestones, including a community of over 1.5 million developers embracing the DevSecOps movement. With this funding, Snyk plans to continue supporting its customers and team members as they find new ways to accelerate secure software development globally.
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