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10 Cool Tech Companies That Raised Funding In September 2021

Next-generation technology developers in big data management, security, DataSecOps and application management were among the startup companies that reported new rounds of funding in September.

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 Snyk

Headquarters: Boston

CEO: Peter McKay

Funding: On Sept. 9 Snyk closed a $530 million Series F round of investment, putting the company’s pre-money valuation at $8.5 billion. On Sept. 30 Snyk secured an additional $75 million as part of the Series F round.

Investors: Sands Capital and Tiger Global led the initial $530 million funding with participation from new investors Baillie Gifford, Koch Strategic Platforms, Lone Pine Capital, T. Rowe Price and Whale Rock Capital Management as well as existing investors Accel, Addition, Alkeon, Atlassian Ventures, funds managed by BlackRock, Boldstart Ventures, Canaan Partners, Coatue, Franklin Templeton, Geodesic Capital, Salesforce Ventures and Temasek. The additional $75 million investment came from Atlassian Ventures and Salesforce Ventures

What company does: The Snyk Developer Security Platform provides security for developers, helping them build secure applications and fostering collaboration between security teams and development teams.

CEO Quote: “If you want to be on the cutting edge of software development and cloud-native applications, that’s where we are. That’s where the market is moving.”

 

 
 
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