Snyk, the industry leader in developer security, raised a $530 million Series F funding co-led by Sands Capital and Tiger Global.
With new investors Baillie Gifford, Koch Strategic Platforms, Lone Pine Capital, T. Rowe Price, and Whale Rock Capital Management, joining existing investors Accel, Addition, and T. Rowe Price.
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. The funds will be used to continue Snyk’s product development and innovations.
Company: Snyk Limited
Round: Series F
Funding Month: September 2021
Lead Investors: Sands Capital and Tiger Global
Additional Investors: Baillie Gifford, Koch Strategic Platforms, Lone Pine Capital, T. Rowe Price, Whale Rock Capital, Accel, and T. Rowe Price
Company Website: https://snyk.io/
Software Category: Security Platform
About the Company: Snyk is the leader in developer security. We empower the world's developers to build secure applications and equip security teams to meet the demands of the digital world. Our developer-first approach ensures organizations can secure all of the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings, and an overall improved security posture. Snyk's Developer Security Platform automatically integrates with a developer's workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 1,200 customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut, and Salesforce.