Security News > 2021 > March > Developer Security Firm Snyk Raises $300 Million at $4.7 Billion Valuation
Boston-based developer security firm Snyk on Wednesday announced that it has raised $300 million in a Series E funding round that values the company at $4.7 billion.
Snyk became a cybersecurity unicorn in January 2020, when it announced raising $150 million in Series C financing.
Later, in September, it announced raising another $200 million in a Series D funding round.
The total amount Snyk has raised to date from its venture capital and investment partners is $470 million.
Snyk provides solutions that help organizations find and fix security issues in open source software, container images, Kubernetes applications, and infrastructure.
"Our relentless focus on the experience of the 2.2 million developers building applications of all kinds securely with Snyk has resulted in our success to date, and we believe there is an exponential, generational opportunity still in front of us," said Peter McKay, CEO of Snyk.