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Open Source Vulnerabilities Hunter Snyk Raises $150 Million

Google backed Snyk in a $70 million round as recently as September

Hagar Ravet 14:1421.01.20
Tel Aviv-based cybersecurity startup Snyk Ltd. has completed a $150 million round according to a company valuation of more than $1 billion, the company announced Tuesday. The round was led by New York-based growth equity firm Stripes Group LLC. This round brings Snyk’s total funding raised to date to $250 million, according to company statements.

 

In September 2019, Google led a $70 million funding round for Snyk through its venture arm GV.

 

Snyk. Photo: PR Snyk. Photo: PR

 

Founded in 2015, Snyk develops and markets software that helps developers detect and fix vulnerabilities in third-party code modules. Snyk lists Google, Microsoft, and Salesforce as customers. The company employs a team of 78 employees in London, Tel Aviv, Boston, and Ontario, according to its website.