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Snyk snags another $530M as valuation rises to $8.5B



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Snyk, the Boston-based late-stage startup that is trying to help developers deliver more secure code, announced another mega-round today. This one was for $530 million on an $8.5 billion valuation, with $300 million in new money and $230 million in secondary funding, the latter of which is to help employees and early investors cash in some of their stock options. The $8.5 billion valuation was up from $4.7 billion in March when the company raised $300 million.
The long list of investors includes an interesting mix of public investors, VC firms and strategics. Sands Capital Ventures and Tiger Global led the round, with participation from new investors …

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