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Cybersecurity Firm Snyk Reaches $4.7 Billion Valuation in Round

Cybersecurity platform Snyk Ltd. said it has closed a $300 million funding round that gives it a valuation of $4.7 billion, quadrupling its value since the start of 2020.

The transaction included both primary and secondary offerings, with the company getting $175 million in new capital. That brings the total raised by Snyk, which was founded in 2015, to $470 million.