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Wednesday 11 September 2019

Synk.io buoyed by US$70m funding

Synk.io buoyed by US$70m fundingOpen source software testing outfit Synk.io received a massive US$70m funding boost to bankroll its global go-to-market strategy, led by Accel, Boldstart Ventures and existing investors GV.

That takes total investment to US$102m since the firm was founded in 2015, having since developed a proprietary database that helps developers find and fix security vulnerabilities and license issues in open source software applications and container images.

Synk.io employs a huge amount of staff for a start-up (around 180!), operating primarily from four offices in Tel-Aviv, London, Boston and Ottawa. President and co-founder Guy Podjarny is resident in London, ably assisted by ex-Veeam chief executive Peter Mackay from the other side of the pond.

Securing data embedded in container images is a big imperative for organisations migrating increasing volumes of applications and workloads into public, private and hybrid cloud environments (see our Containers and security in the cloud report here), and Synk.io looks in prime position to exploit demand from open source software developers looking to harden their platforms.

Posted by: Martin Courtney

Tags: funding   open+source   containers   cybersecurity   Synk.io  

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