Application Security Startup Snyk Raises $300M To Go Global
Snyk plans to use some of its Series E proceeds to build out go-to-market teams in Australia, India, Japan, Korea, New Zealand and Singapore and has quadrupled its valuation since the start of 2020 to $4.7 billion. By Michael Novinson March 10, 2021, 10:40 AM EST
Snyk has closed its Series E funding round on a monster $4.7 billion valuation as the red-hot startup looks to expand its presence in Asia-Pacific.
The Boston-based application security vendor plans to use some of the proceeds to build out go-to-market teams in Australia, India, Japan, Korea, New Zealand and Singapore and has brought on former Veeam Software and Dell EMC veteran Shaun McLagan to spearhead that charge. Snyk’s $300 million round was led by Accel and Tiger Global and represents a quadrupling of the firm’s valuation since the start of 2020.
Private equity firm Symphony Technology Group (STG) has agreed to buy McAfee’s enterprise business for $4 billion, turning the legendary cybersecurity firm into a pure-play consumer business.
Forescout Gets New CEO Yet Again, Bringing In Wael Mohamed
Forescout taps former Trend Micro President and COO Wael Mohamed to replace Greg Clark, who had just started as the IoT security vendor’s CEO in October 2020 after leading Symantec for many years. By Michael Novinson March 08, 2021, 10:27 AM EST
Forescout will have its third CEO in six months after tapping former Trend Micro President and COO Wael Mohamed to take over as its top leader.
The San Jose, Calif.-based IoT security vendor brought in Mohamed to replace Greg Clark, who had just started as Forescout’s CEO in October 2020 after leading Symantec for many years. Clark took over for Michael DeCesare, who ran Forescout for nearly six years but left after the company’s contentious $1.4 billion sale to private equity firm Advent International. Clark and DeCesare continue to lead Forescout’s board.
The $6.5 billion acquisition of Auth0’s will help make Okta the identity standard across organizations by supporting more use cases that developers need, Okta CEO Todd McKinnon said.