Salesforce Ventures has supported a $150m round for Snyk, already backed by GV, and helped more than double its valuation to beyond $1bn.
Salesforce Ventures, the corporate venturing subsidiary of cloud computing company Salesforce, helped close a $150m funding round yesterday for UK-based software debugging tool developer Snyk.
Private equity firm Stripes led the transaction, while Coatue Management, Tiger Global Management, Boldstart Ventures, Trend Forward and Amity filled out the round. Snyk is now valued at more than $1bn, according to VentureBeat.
Founded in 2015, Snyk has built a cybersecurity platform that automatically scans open source code for vulnerabilities. The tool is also…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
