Snyk Closes $300M Series E Financing; Valued at $4.7 Billion

11 Mar, 2021

Snyk Closes $300M Series E Financing; Valued at $4.7 Billion
Photo by Charles Forerunner on Unsplash

– Snyk from Boston is a cloud native application security company.
– The company closed a Series E financing, totaling $300m.
– The round was led by Accel and Tiger Global, with participation from existing investors Addition, Boldstart Ventures, Canaan Partners, Coatue, GV (formally Google Ventures), Salesforce Ventures, Stripes and funds managed by BlackRock; new investors include Alkeon, Atlassian Ventures, Franklin Templeton, Geodesic Capital, Sands Capital Ventures and Temasek.
– The company intends to use the funds to expand its business reach.

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