6 years ago

Snyk Secures $70 Million in Series C Funding Led by Accel

  • Snyk, a London-based developer-first security company, raised $70 million in Series C funding led by Accel, with participation from existing investors GV and Boldstart Ventures

  • The company intends to use the funds to accelerate its go-to-market strategy, drive product adoption, and expand into new markets

  • Snyk's solution helps organizations use open source software securely by proactively finding and fixing vulnerabilities and license violations

  • The company has a global user community of over 300,000 developers and major enterprise customers including Google, Microsoft, Salesforce, and ASOS.

      • ProblemTechnology

      "Developers are increasingly using open source software, but they often don't know if it's secure. This can lead to security vulnerabilities that can be exploited by hackers."

      Solution

      "Snyk provides a security platform that helps developers find and fix security vulnerabilities in open source software. It integrates with popular developer workflows, so it's easy to use. Snyk also maintains a comprehensive, proprietary vulnerability database."

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