Snyk (pronounced sneak) is a cloud-native application security startup that helps developers to build software securely. The company has raised $530M (approx €498.62M) in its Series F round of funding. The deal includes both primary and secondary offerings with more than $300M (approx €253.53M) of new working capital.
With this round, the company’s valuation jumps to $8.5B (approx €7.18B), which is more than triple since the beginning of 2021. Earlier this year, in March, the company closed its 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.