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.
Shiva Pillay succeeds Shaun McLagan as Veeam APJ leader
Shiva Pillay succeeds Shaun McLagan as Veeam APJ leader
Outgoing APJ lead McLagan departs after more than three-and-a-half years in the top job
Shaun McLagan and Shiva Pillay (Veeam) Credit: Veeam
Veeam has appointed Shiva Pillay, its former Asia Pacific and Japan (APJ) sales and field operations vice president of more than two-and-a-half years, as its new senior vice president for the region, replacing outgoing leader Shaun McLagan in the top job.
McLagan departs his APJ leadership role with the backup and data management solutions vendor roughly three-and-a-half years after stepping into the job following his departure from Dell EMC, where he was vice president for APJ.