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London coding security startup Snyk lands $22m series B from Accel

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  Open source security startup Snyk today closed a $22m (£16.7m) series B funding round, led by Accel with participation from GV.

Existing investors such as Boldstart Ventures and Heavybit also joined the round.

With big names such as ASOS, Skyscanner and Auth0 among its clients, enterprise developers use Snyk to vet the security of any open source code their company is using, automatically blocking discovered malicious components.

Snyk aims to use the funding to expand its service to include real-time protection from vulnerable open source components, as well as to scale its business across new ecosystems.

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“Our mission is to fix open source security, and that can only be done from within the open source community,” said Guy Podjarny, CEO and co-founder of Snyk.

“This investment is a humbling validation of the impact that security-conscious developers have, and lets us expand open source security into runtime while continuing to serve these amazing users.”