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Snyk, the company behind an open source security scanning platform, has extended its Series F funding round by an additional $ 75 million. The Boston-based company announced an investment of $ 530 million just a few weeks back with a huge valuation of $ 8.5 billion. The transaction included both primary and secondary investments, meaning that Snyk had actually only raised about $ 300 million in fresh capital.
For the expansion, which closes the F round to $ 605 million, Snyk has attracted investment back from the venture capitalists of Atlassian and Salesforce, who are now responsible for 10% of Snyk’s $ 850 million in total raised since its inception. And for the record, Snyk is now valued at $ 8.6 billion.
In a nutshell, Snyk’s SaaS platform helps developers find and fix vulnerabilities – as well as surface license violations – in their open source code bases, containers, and Kubernetes applications. Founded in early London and Tel Aviv in 2015, Snyk has amassed an impressive client list in its six-year history, including Google, Salesforce, Intuit and Atlassian.
Atlassian’s follow-up investment in Snyk is particularly notable, as it comes shortly after Snyk announced a number of integrations with Bitbucket Cloud and Atlassian Open DevOps, suggesting that Atlassian’s continued support is as much a strategic move as it is anything. other things.
“Sneaky reinvents the way organizations think about security,” Atlassian’s head of business development, Chris Hecht, said in a statement. “They are a vital part of our ecosystem, closely integrated into our core products.”
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