Cybersecurity platform Snyk that helps developers find vulnerabilities in their open-source application has raised $200 million in the latest round of funding. The series D funding has led the company’s valuation to more than $2.6 billion.
The newly raised capital is expected to be used to expand operations and business reach. Snyk targets developers to help them find and fix flaws in their source code, as well as their containers and Kubernetes applications. The tool is used by about 1.5 million developers worldwide, to scan their code for vulnerable open-source components. Google, Salesforce, Revolut, and ASOS, among others, are some of the company clients.