AAA Synack secures $25m in series B round

Synack secures $25m in series B round

US-based cybersecurity company Synack raised $25m on Friday from investors including Google Ventures, the corporate venturing arm of internet company Google.

The round was co-led by venture capital firms GGV Capital and Icon Ventures, and also featured Kleiner Perkins Caufield & Byers (KPCB), Greylock Partners, Allegis Capital, as well as angel investors Derek Smith, Ray Rothrock and Timothy Eades.

Synack previously secured $7.5m in a series A round in April 2014 featuring Google, KPCB, Greylock, Allegis and Derek Smith.

In 2013, the company received $1.5m in seed funding from KPCB, Greylock Partners, Wing Venture Partners, Allegis and Smith, after securing seed funding earlier that year from incubator Techstars.

Synack combines technology with human security staff to expose attacks on a company’s systems that cannot be detected by technology alone. It will use the series B funding to further increase its security engineering team and recruit more researchers, and will also expand its research and development efforts to continue work on its security platform.

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