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Cybersecurity Firm Snyk Reaches $4.7 Billion Valuation in Round

March 10, 2021, 10:00 AM

Cybersecurity platform Snyk Ltd. said it has closed a $300 million funding round that gives it a valuation of $4.7 billion, quadrupling its value since the start of 2020.

The transaction included both primary and secondary offerings, with the company getting $175 million in new capital. That brings the total raised by Snyk, which was founded in 2015, to $470 million.

The round was co-led by venture firms Accel and Tiger Global Management. Other investors included Addition, BlackRock Inc., Boldstart Ventures, Canaan Partners, Coatue, GV, Salesforce Ventures and Stripes. The round also included new investors such ...