Synack raises $52 mn led by B Capital and C5 Capital

Synack has raised $52 million in Series D funding led by new investors B Capital Group and C5 Capital.
SynackSynack has raised $112.1 million to date. Previous investors GGV Capital, GV (formerly Google Ventures), Hewlett Packard Enterprise (HPE), Icon Ventures, Intel Capital, Kleiner Perkins, Microsoft’s venture fund M12 and Singtel Innov8 (the corporate venture arm of the Singtel Group) also participated in the round.

More than 1,500 of the world’s most skilled ethical hackers from 82 countries are active members of the Synack Red Team (SRT). Synack augments their talents with continuous security monitoring technology that utilizes machine learning and AI to quickly and more efficiently root out vulnerabilities.

This funding round will allow Synack to invest more in the SRT community, advance its SmartScan technology that monitors for vulnerabilities and enhance data analytics and research to demonstrate the value of Synack’s hacker-driven approach.

Global 2000 companies — the world’s leading banks, retailers and healthcare companies representing over $1 trillion in assets — as well as major federal government agencies such as the Department of Defense and defense and aerospace companies such as General Dynamics Information Technology (GDIT) already trust some of their most critical assets to Synack.