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That previous round was $530 million with $300 million in primary funding and the remaining $230 million in secondary funding to pay off early investors and employees, anxious to see some return on their equity. The primary money came on an $8.5 billion valuation, $1.1 billion higher than today s round.It s worth noting, however, that even with that down round, the previous round was up $3.8 billion over the March round. You can see the company s ascent up until
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jordan high Snyk CEO Peter McKay says getting the right terms was more essential than increasing the valuation, especially in the current market. So, it was more important that we get the right terms than that I absolutely have to get to $8.6 billion. If the market is saying you ;re at 7.4, then we ;re at 7.4, he said.Part of it is that even though the company is growing, the market has changed since the last round. Despite the headw
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