Snyk raises £114.1m in Series C funding led by Stripes to accelerate developer-first security.
Stripes led the Series C round alongside participation from Coatue, Tiger Global, BoldStart, Trend Forward, Amity and Salesforce Ventures.
Snyk provides a developer security platform that helps enterprises find and fix software vulnerabilities. The firm operates globally to integrate security into the development process.
Snyk has secured £114.1m in Series C funding led by Stripes to accelerate its developer-first security platform. Additional participation in the round came from Coatue, Tiger Global, BoldStart, Trend Forward, Amity and Salesforce Ventures.
The capital will be directed towards faster product innovation, wider geographic expansion across EMEA and APJ, and enhanced support for the DevSecOps community. This follows a period of strong momentum for the company through 2019.
The investment underscores growing enterprise demand for integrated cybersecurity solutions that distribute security responsibilities across development, operations and dedicated security teams rather than relying on traditional silos.
Use of funds
- 01Continue product development
- 02Expand into international markets
