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Snyk Raises $70 Million

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Synk, an Israel-based startup which helps enterprises to use open source and stay secure, has announced a fresh round of funding to keep up with the demand from enterprises.

The $70 million funding round was led by Accel and also saw the participation from previous investors GV and Boldstart Ventures. In September last year, the startup announced a $22 million round of funding led by Accel only.

Snyk reported a fourfold increase in its revenue over the past year, which currently stands at hundreds of millions of dollars.

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