Snyk, a cybersecurity platform that helps developers find vulnerabilities in their open source applications, has raised $150 million in a round of funding led by New York-based private equity firm Stripes, with participation from Salesforce Ventures, Coatue, Tiger Global, BoldStart, Trend Forward, and Amity.
This takes Snyk’s total funding to $250 million from backers including Alphabet’s GV and Accel, including a $22 million series B round in 2018 and a $70 million follow-on round just a few months ago. A Snyk spokesperson said that the company is now worth more than $1 billion, which is at least double the $500 million it was valued at back in September.
[Source: VentureBeat]
