Salesforce and Atlassian double down on developer safety with $75M Snyk funding

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Snyk, the corporate behind an open supply safety scanning platform, has prolonged its sequence F spherical of funding by one other $75 million. The Boston-headquartered firm announced a $530 million funding just some weeks again at a whopping $8.5 billion valuation. The transaction included each major and secondary investments, that means that Snyk had in reality solely raised round $300 million in contemporary capital.

For the extension, which closes the sequence F spherical off at $605 million, Snyk has attracted return investments from the enterprise capital arms of Atlassian and Salesforce, which are actually accountable for 10% of Snyk’s $850 million complete raised since its inception. And for the report, Snyk is now valued at $8.6 billion.

By the use of a quick recap, Snyk’s SaaS platform helps builders discover and repair vulnerabilities — in addition to floor license violations — of their open supply codebases, containers, and Kubernetes functions. Based initially out of London and Tel Aviv  in 2015, Snyk has amassed a powerful roster of consumers in its six-year historical past, together with Google, Salesforce, Intuit, and Atlassian.

Strategic

Atlassian’s follow-on funding in Snyk is especially notable, because it comes shortly after Snyk announced a slew of integrations with Bitbucket Cloud and Atlassian Open DevOps, suggesting that Atlassian’s continued backing is as a lot a strategic transfer as it’s the rest.

“Snyk is reinventing the way in which organizations take into consideration safety,” Atlassian’s head of company growth Chris Hecht mentioned in an announcement. “They’re an important a part of our ecosystem, tightly built-in into our core merchandise.”