Snyk scores another $196M as valuation drops 12% to $7.4B

Snyk hasn’t been afraid to take money over the years, scoring an ever larger investment haul with each passing round, and with each one has come a correspondingly large valuation increase. This time, that particular streak ended, but Snyk snagged another $196.5 million investment with its valuation down about 12% to $7.4 billiion since its previous round in September 2021.
That previous round was $585 million with $300 million in primary funding and the remaining $230 million in secondary funding to pay off early investors and employees, anxious to see some return on their equity. The primary

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