鈥楧eveloper-first鈥櫶齝ybersecurity company听Snyk听has听closed a听拢216m Series E investment round.
The London company听is now worth听拢3.4听billion following the funding round,听which was听co-濒别诲听by听Accel and Tiger Global听and featured听new investors听Alkeon, Atlassian Ventures, Franklin Templeton, Geodesic Capital, Sands Capital Ventures and Temasek.听
Existing investors Addition,听Boldstart听Ventures, Canaan Partners, Coatue, GV, Salesforce Ventures, Stripes and funds managed by BlackRock听also contributed.听
The company has also announced the hiring of chief marketing and customer experience officer Jeff Yoshimura, and CIO Erica Geil, alongside the appointment of two new board members: Michael Scarpelli, CFO at听Snowflake, and Ping Li,听partner听at听Accel.听
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The firm, founded in 2015 by Assaf听Hefetz, Danny Grander, and Guy听Podjarny听helps businesses to find and fix vulnerabilities in their digital infrastructure听by building security into the development process.听听
鈥淥ur relentless focus on the experience of the 2.2 million developers building applications of all kinds securely with听Snyk听has resulted in our success to date, and we believe there is an exponential, generational opportunity still in front of us,鈥� said CEO Peter McKay.听听
鈥淭his latest investment allows us to accelerate our growth at every level – doubling down on our successful product led growth strategy, adding to our customer roster, recruiting talent to our team worldwide and expanding geographically.鈥�听
The cloud-native application security leader is used by 2.2m developers and听has a vision to 鈥榚mpower every modern developer in the world to develop fast and stay secure鈥�.听
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It became a unicorn in January听2020听following its Series C funding round of more than 拢100m and followed听up with a Series D round of almost 拢150m听in September.听
“We first met the听Snyk听team at the start of their journey, as early investors,鈥� said Ping of Accel.听听
鈥淭hroughout our partnership, we鈥檝e witnessed first-hand听厂苍测办鈥檚听unshakeable dedication to developer and security teams and their original vision become a reality.听听
鈥淲e鈥檙e looking forward to supporting the successes of听Snyk听in 2021 and beyond.鈥�听