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Home > Cybersecurity > Snyk announced $75 million additional funding

Snyk announced $75 million additional funding

Snyk announced that the company has raised $75 million in additional funding as a part of its recent Series F financing.

Erdem Yasar by Erdem Yasar
October 1, 2021
in Cybersecurity
1 min read
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Developer security company, Snyk announced $75 million of funding from Atlassian Ventures and Salesforce Ventures as part of its recent Series F financing. The company aims to improve developer security by empowering developers to build security into the development process and eliminated the need to sacrifice the speed which is crucial for their business.

Accelerates shift to developer security

Peter McKay, CEO of Snyk
Peter McKay, CEO of Snyk

The latest funding pushes Snyk’s valuation to $8.6 billion, and total capital raised to $850 million with over 10% of these coming from Atlassian Ventures and Salesforce Ventures. The trio mainly focuses on simplifying to find, fix and monitor vulnerabilities in the developers’ existing workflows.

With Snyk’s integration with Bitbucket Cloud and Atlassian Open DevOps, the duo shows their commitment to creating a seamless, high-velocity experience for developers to access and adopt Snyk across Bitbucket Cloud, Jira Software, Jira Service Management, and Compass in the future. Peter McKay, CEO of Snyk said,

“For Atlassian and Salesforce, this investment in Snyk is more than just capital. Like Snyk, these two industry leaders are fiercely committed to empowering developers to embed security into the entire application. We are humbled by their true, long-term commitment to evolving the legacy security industry through a developer-led approach.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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