Snyk announced raising $200 million.

Snyk, a London, UK-based SAAS developer of cybersecurity tools, announced that it raised a $200 million capital investment round.

The deal values the company at $2.6 billion - the company raised a total of $450 million with $350 million only in 2020.

Snyk, founded in 2015 in Israel and led by CEO Peter McKay, develops open-source software used for security analysis designed to identify open-source vulnerabilities. The tools secure authoring and consuming of open-source code and help find, fix and monitor known threats in open source dependencies.