The startup of the cyber security software based in Boston Snyk on Wednesday said it collected $ 300 million in fresh funds and the company is now worth $ 8.5 billion.
Synk technology is used by developers to add security components to their new software products.
Cyber’s security has become one of the largest investment fields by venture capitalists since the pandemic when the company exists in their digital traces, including e-commerce and long distance work.
The latest Round Co-LED by Sands Capital Ventures and Global Tiger follows the funding round in March when $ 175 million new capital is raised.
The company is worth $ 4.7 billion only six months ago.
New funds will be used for product development and to increase the technology, the company said.
In addition to newly submitted capital, investors pay $ 230 million to buy existing company shares.
When startup took a big assessment even before the public list, large funds and private equity companies moved to buy shares of private companies from shareholders or previous company employees.
The SNYK Cyber Security Software Startup raised $ 300 million, valued at $ 8.5 billion
