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Snyk secures $150M from new funding

Snyk Ltd. raised $150 million at the close of its funding round, which the software developer said will fund its product development and geographic expansion.

The London-based company received funding from Stripes Group LLC, Coatue Management LLC, Tiger Global Management LLC, BOLDstart Ventures, Trend Forward Capital Management LLC, Amity Ventures LLC and Salesforce Ventures Inc.

Snyk CEO Peter Mckay said in a blog post that the funding will help the company to scale up product innovation and deepen expansion in Europe, Middle East, Africa, Asia-Pacific and Japan.

Snyk provides a software as a service platform that helps developers track and fix known vulnerabilities.