Snyk reaches $7.4bn valuation after latest funding round

The vendor cut 198 staff in October and axed 30 jobs in July less than a year after raising $530m war chest for European expansion

Kelsey Rees
clock • 1 min read
Snyk reaches $7.4bn valuation after latest funding round

Cybersecurity unicorn Snyk has closed a $196.5m Series G investment to drive product innovation as the vendor focuses on its "developer productivity." The group said the new war chest will fuel ...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Snyk to acquire application data capture start-up

Vendor

The addition of start-up Helios will help to expand Snyk’s application security posture management offering, the company says

clock 17 January 2024 • 2 min read
What's in a name? Five vendors reveal their name origins

Vendor

Splunk, Snyk, N-able, Arctic Wolf and Zyxel - ever wonder how these companies landed on their names?

clock 19 September 2023 • 5 min read
Snyk cuts jobs less than a year after raising $530m war chest for European expansion

Vendor

The news comes less than three months after the vendor's EMEA VP told CPI it wants to grow in DACH, Eastern Europe, Benelux and the Nordics.

clock 04 July 2022 • 2 min read

More on Vendor

Meet the company that's helping businesses take AI ideas to production

Meet the company that's helping businesses take AI ideas to production

takara.ai was born to solve an AI problem in the AWS community

Kelsey Rees
clock 13 September 2024 • 5 min read
Microsoft names Carolina Dybeck Happe new COO

Microsoft names Carolina Dybeck Happe new COO

Microsoft seeks “to raise the bar on our operational excellence,” said CEO and chairman Satya Nadella

Wade Tyler Millward
clock 13 September 2024 • 3 min read
Oracle to expand database services with key partners

Oracle to expand database services with key partners

“Together, we will be able to give customers the flexibility to use multiple clouds,” said Karan Batta, SVP of Oracle cloud infrastructure

Paul Ferretti
clock 12 September 2024 • 1 min read