Snyk raises almost USD 200 million at USD 7.4 billion valuation

Categories: Hi-Tech

Israeli-US cybersecurity company Snyk has announced the completion of a USD 196.5 million Series G financing round, at a USD 7.4 billion valuation. This is only 12% below the valuation of USD 8.5 billion achieved in the company’s most recent financing round when the company raised USD 300 million in September 2021.

The financing round was led by the Qatar Investment Authority (QIA) with participation from new investors Evolution Equity Partners, G Squared and Irving Investors as well as existing investors boldstart ventures, Sands Capital and Tiger Global.

Founded in 2015, Snyk has developed a platform that identifies security breaches and open source licensing management issues for code and takes effective action.

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