Snyk raised $150 million in new funding from Stripes, Coatue, Tiger Global, Trend Forward, Amity and Salesforce Ventures.

Snyk, a cybersecurity startup that develops open-source software, has raised $150 million in new funding.

The money was provided by investors including Stripes, Coatue, Tiger Global, Trend Forward, Amity and Salesforce Ventures, and values the company at more than $1 billion.

Snyk will use the funds to accelerate product innovation, community growth and global expansion, bringing developer-first security to every digitally-driven organization, scaling application security to the pace of the cloud and DevOps era. The company

Snyk, founded in Israel in 2015 by Guy Podjarny, Assaf Hefetz and Danny Grander and led by CEO Peter McKay, is tackling this growing challenge by delivering developer-first security to organizations, empowering development teams to own, automate and deliver secure applications, while giving security teams the governance and visibility they require. Snyk goes beyond shifting security left, offering continuous security and compliance from source code to production and back again.

Snyk  has offices in London, Boston and Tel Aviv.