Cybersecurity unicorn Snyk raises $300M at a valuation of $4.7B; CEO shares company’s European expansion, hiring plans
Summary
Snyk, a cloud-native application security startup, has closed a Series E round of funding totalling $300M (approx €250.7M). The transaction included both primary and secondary offerings and resulted in $175M (approx €146.2M) of new capital into the business. With this investment, the company has now raised a total of $470M (approx €392.69M) in funding, to date, with a valuation of $4.7B (approx €3.92B) post-funding; quadrupling since the beginning of 2020.
Funding
Amount
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Total raised
Date
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Announcement date
Investors
Snyk
Lead investors
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Funded company
Classifications
industries
No industries detected
applications
Governance, risk and compliance
AskAI Classifications
Labels
SaaS
Application Security
Developer Tools
Linked Companies
Snyk
$250M to $500M