Snyk, the leader in cloud native application security, today announced that the company has closed a Series E financing, totaling $300 million. The transaction included both primary and secondary offerings and resulted in $175 million of new capital into the business. The company has now raised a total of $470 million to date with a valuation of $4.7 billion post this round, quadrupling since the beginning of 2020.

The round was co-led by Accel and Tiger Global, with participation from existing investors Addition, Boldstart Ventures, Canaan Partners, Coatue, GV (formally Google Ventures), Salesforce Ventures, Stripes and funds managed by BlackRock; new investors include Alkeon, Atlassian Ventures, Franklin Templeton, Geodesic Capital, Sands Capital Ventures and Temasek.

Snyk is a developer-first security company that helps software-driven businesses develop fast and stay secure. Snyk is the only solution that seamlessly and proactively finds and fixes vulnerabilities and license violations in open source dependencies and container images. Snyk's solution is built on a comprehensive, proprietary vulnerability database, maintained by an expert security research team in Israel and London. With tight integration into existing developer workflows, source control (including GitHub, Bitbucket, GitLab), and CI/CD pipelines, Snyk enables efficient security workflows and reduces mean-time-to-fix.