Funding of $ 75 million and valuation of $ 8.6 billion

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  • Snyk, a leader in developer security, announced funding of $ 75 million at a valuation of $ 8.6 billion. These are the details.

Snyk, a leader in developer security, announced $ 75 million in funding from Atlassian Ventures and Salesforce Ventures as part of its recent Series F funding. And Snyk’s mission is to advance corporate security. developers by enabling millions of developers to build security into the development process early on without sacrificing the speed their businesses need to compete successfully.

This brings the company’s valuation to $ 8.6 billion and the total capital raised to $ 850 million, with more than 10% of those total funds coming directly from Atlassian Ventures and Salesforce Ventures. And working with Snyk, Atlassian and Salesforce are working to make it easier for the global developer population – around 26.2 million in 2020 and expected to grow to 43.2 million in 2025 to find, fix, and monitor vulnerabilities in their flows. existing work through extended product integrations. .

With Snyk’s integration with Bitbucket Cloud and Atlassian Open DevOps earlier this year, Snyk and Atlassian are committed to creating a smooth and fast experience for developers to access and adopt Snyk on Bitbucket Cloud, Jira Software, Jira Service Management and Compass in the future. And this integrated security experience will give developers the ability to protect their code from open source vulnerabilities as part of their daily workflow.

KEY QUOTES:

“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 throughout the application. We are touched by their true, long-term commitment to evolving the legacy security industry through a developer-led approach. “

– Peter McKay, CEO, Snyk

“The desire to do things differently inspires us, and Snyk is reinventing the way organizations think about security. They are a vital part of our ecosystem, tightly integrated into our core products. We’re excited to further support their journey and together increase the millions of developers who benefit from their work.

– Chris Hecht, Business Development Manager, Atlassian

“As an early-stage investor since the company’s Series B, we are delighted to deepen our partnership and continue to support Snyk as a leader in developer security. Snyk’s vision of empowering developers to improve their agility and digital transformation resonates, and we’re excited to support them as both an investor and a client.

– Alex Kayyal, Executive Vice President and Managing Partner, Salesforce Ventures


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