L ondon-based startup Snyk has secured$22m (17m) in investment to help it scale up and capitalise on rising concerns over cyber security among businesses.
Snyk has raised the funds in a Series B round, led by venture capital firm Accel and with participation from Google Ventures, the Silicon Valley giant's venture capital arm.
The company said the $22m would help it expand the protections it can offer organisations.
Around 95pc of enterprises use open source software to create apps or websites, meaning they take code found online and then modify it.This introduces "substantial risk" as many of the software components carry known vulnerabilities or are "outright malicious", Snyk said.
Accel...