Snyk closes mega funding round: the London based company offers open-source services and products for modern security. The company announced the funding round on it’s own blog. The company, founded by Guy Podjarny, grew rapidly since it’s founding in 2015. The product addresses modern security needs for a container driven IT world. With open source and developer first approaches it delivers an approach that hits a nerve. Increasing complexity of software development and dependencies to open-source components drives demand. Dependencies to open-source components are a twofold reality: They allow faster development for any product team. At the same time, they bring a level of complexity that requires additional management. This reality created a market for companies like Snyk, but also WhiteSource or BlackDuck, in the security space, with a special focus on software development.
Snyk helps software-driven organizations find and fix vulnerabilities in open source dependencies and container images.
We are truly humbled to announce the closing of our latest funding round—an investment of $200 million led by Addition—to modernize the security industry.
from the Snyk blog.
The funding round is a Series D. Snyk closes mega funding round: With previous rounds, the company expanded internationally before. This recent funding round let’s expect further rapid growth of the brand and product. The size of the funding sets expectations for the near future pace of growth.