Snyk Overview
Snyk creates developer security solutions, empowering the world's developers to build secure applications and equipping security teams to meet the demands of the digital world. Snyk's developer-first approach ensures organizations can secure all of the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings, and an overall improved security posture. Snyk's Developer Security Platform automatically integrates with developers' workflow and is purpose built for security teams to collaborate with their development teams. Snyk is used by 1,200 customers worldwide today, including Asurion, Google, Intuit, MongoDB, New Relic, Revolut, and Salesforce. Snyk is recognized on the Forbes Cloud 100 2021, the 2021 CNBC Disruptor 50, and was named a Visionary in the 2021 Gartner Magic Quadrant for AST.
Cumulative Funding Raised Over Time ($)
$196.5MDec 2022
$199.5MJan 2016
$349.5MJan 2020
$374.5MJan 2023
$381.5MMar 2018
$681.5MMar 2021
$681.5MOct 2024
$703.5MSep 2018
$773.5MSep 2019
$973.5MSep 2020
$1.5BSep 2021
$1.6BSep 2021
Latest News
growth-positive
Ex-Snyk founder warns coding agents are unreliable, pitches “spec-driven development” as new standard.
At the Mind the Tech London 2025 conference, Guy Podjarny, founder of Tessl and former Snyk CEO, introduced Tessls new approach to software development, termed spec-driven development. This method aims to address the reliability issues of AI in coding by requiring AI agents to capture intent before generating code. Tessl has secured $125 million in funding from investors like Index Ventures and Accel. Podjarny emphasized the importance of aligning AI with human developers through structured specifications, which could prevent production defects and improve productivity. Tessls launch marks a significant step in AI-powered software development, with a focus on creating a shared knowledge base for best practices.
InvestmentProduct Stage
Filings show revenue up by 26% from 2023, with operating loss standing at more than $188 million.
Snyk, an Israeli-founded cybersecurity company, experienced slower revenue growth in 2024, with a 26% increase to $278 million compared to 2023. Despite this, the company expanded its customer base and workforce, growing to 4,478 customers and 1,162 employees. Snyk launched a new AI platform, the Snyk AI Trust Platform, to manage and secure software development. The company raised $196.5 million in a Series G funding round in December 2022 at a $7.4 billion valuation. Snyk also spent over $40 million on acquisitions, including Enso Security and Helios. The company ended 2023 with $350 million in cash balances. Snyks ARR exceeded $300 million, and it continues to focus on comprehensive security solutions for developers.
CustomersLayoffsAcquisitionInvestmentExpand
growth-positive
Snyk has unveiled tools to secure AI-driven code as insecure code generation reaches 48%, according to a Georgetown University study.
Snyk, a cybersecurity company specializing in application security for software development, has launched the Snyk AI Trust Platform to address the growing need for secure AI-driven code. This launch is part of Snyks strategy to secure software development in the AI era, as highlighted by CTO Danny Allan. The company has achieved $300 million in annual recurring revenue and has a customer base of 4,500. Snyk recently raised $196.5 million in a Series G funding round at a valuation of $7.4 billion and spent over $40 million on acquisitions, including Enso Security and Helios. The company is preparing for an IPO, aiming to continue its growth trajectory by integrating AI into its security offerings.
InvestmentAcquisitionCustomersExpandPublic Trading
growth-positive
Snyk CEO favors Wall Street IPO in 2026
Snyk, an Israeli code security company, is strategically delaying its IPO plans until at least 2026, despite having $435 million in the bank and nearing break-even. The company reported an expected annual recurring revenue (ARR) of $300 million. Snyk has experienced significant growth, with its valuation peaking at $8.5 billion in 2021. However, it faced criticism for high revenue multiples and conducted layoffs in 2022, affecting 230 employees. Snyk is focusing on AI as a major growth area, with a third of its revenue now coming from AI-related solutions. The company has expanded its capabilities by acquiring Enso Security and Helios in 2023.
Public TradingLayoffsAcquisition
growth-positive
The cybersecurity unicorn reduced losses by 33% to $176 million, with its revenue reaching $220 million.
Snyk, a cybersecurity unicorn, reported a 50% increase in revenue to $220 million in 2023 while reducing its losses by 33% to $176 million. The company laid off over 100 employees, reducing its workforce by 10% to around 1,100 people. In December 2022, Snyk raised $196.5 million in a Series G funding round at a valuation of $7.4 billion. The company spent over $40 million on acquisitions, including $32.7 million on Enso Security and $2.9 million on Helios. Snyks customer base now exceeds 3,100, with notable clients like Google and Salesforce. The company is preparing for a potential IPO, although the timeline remains uncertain. Snyk also launched a new product, AppRisk, to enhance application security management.
LayoffsInvestmentAcquisitionCustomersPublic Trading
| Sector | Cyber Security |
Funding
| Total funding | $1.58B |
| Last funding | Undisclosed |
| Stage | G |
| Rounds | 12 |
| Investors | 32 |
Team Members
4
Employees: 500+
Web & Social Links
| Website | snyk.io |
| Careers | Careers page |
Locations
Recital Building (H Tower), 156 Menachem Begin, 16th FL, Tel Aviv, Israel
97 Hackney Road, London, UK
1 Sussex Street, Barangaroo Sydney, NSW 2000
100 Summer St, 7th floor Boston, MA 02110
Seestrasse 353, 8038 Zürich, Switzerland
63 Robinson Rd, Singapore 068894
Boulevardul Dacia 44, Bucharest 030167, Romania
Link Square Shinjuku 16F, 5-27-5 Sendagaya, Shibuya City
Photos & Videos
1 item(s)
Snyk Business
Business models
B2B
Product stage
Released
Employees
500+
Sector
Cyber SecurityApplication & Website SecurityTarget Customer
Enterprise & Professional ServicesEnterprisesCore Technology
Artificial IntelligencePlatforms & InterfacesSoftwareTags (13)
cyber-securityopen-sourcevulnerability-assessmentapp-developmentapplication-securitydevelopersunicorn-2020enterprise-securitysecure-codingvulnerability-managementcloud-securitykubernetesdatabase-securityGeographic Markets
United StatesUnited KingdomIsraelSnyk Financials
$1.58B
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
G
Funding stage
12
Total rounds
32
Investors
Cumulative Funding Raised Over Time ($)
$196.5MDec 2022
$199.5MJan 2016
$349.5MJan 2020
$374.5MJan 2023
$381.5MMar 2018
$681.5MMar 2021
$681.5MOct 2024
$703.5MSep 2018
$773.5MSep 2019
$973.5MSep 2020
$1.5BSep 2021
$1.6BSep 2021
Private Equity Funding
Undisclosed Round
Oct 2024
Undisclosed
Glynn Capital (Lead)
Undisclosed Round
Jan 2023
$25M
ServiceNow Ventures
G Round
Dec 2022
$196.5M
Qatar Investment Authority (Lead)
,
Tiger Global Management, Boldstart Ventures, G Squared, Sands Capital, Irving Investors, Evolution Equity Partners
F Round
Sep 2021
$530M
Tiger Global Management (Lead)
,
Accel, Coatue, Sands Capital, BlackRock, Salesforce Ventures, Atlassian Ventures
F Round
Sep 2021
$75M
Salesforce Ventures (Lead)
,
Atlassian Ventures
E Round
Mar 2021
$300M
Accel (Lead)
,
BlackRock, Stripes, Coatue, Boldstart Ventures, Citi Ventures, Franklin Templeton, Alkeon Capital Management, Temasek Holdings, Tiger Global Management, Geodesic Capital
D Round
Sep 2020
$200M
Addition (Lead)
C Round
Jan 2020
$150M
Stripes (Lead)
,
Coatue, Trend Forward Capital, Amiti Ventures, Target Global, Boldstart Ventures, Salesforce Ventures, La Maison Partners
B Round
Sep 2019
$70M
Accel (Lead)
,
Boldstart Ventures, GV
B Round
Sep 2018
$22M
Heavybit Inc, Boldstart Ventures, Accel
A Round
Mar 2018
$7M
Peter McKay, Canaan Partners Israel, FundFire, Heavybit Inc, Boldstart Ventures
Seed
Jan 2016
$3M
Canaan Partners Israel, PLUS Ventures, Boldstart Ventures, Nadav Abrahami
Mergers & Acquisitions
MNAEvent
Jun 2025
Undisclosed
MNAEvent
Nov 2024
Undisclosed
MNAEvent
Jan 2024
Undisclosed
MNAEvent
Oct 2023
Undisclosed
MNAEvent
Jun 2023
$45M
MNAEvent
Mar 2022
Undisclosed
MNAEvent
Feb 2022
Undisclosed
MNAEvent
Oct 2021
Undisclosed
MNAEvent
May 2021
Undisclosed
MNAEvent
Dec 2020
Undisclosed
MNAEvent
Oct 2020
Undisclosed
MNAEvent
Jul 2019
Undisclosed
Snyk Lifecycle
Cumulative Funding Raised Over Time
$196.5MDec 2022
$199.5MJan 2016
$349.5MJan 2020
$374.5MJan 2023
$381.5MMar 2018
$681.5MMar 2021
$681.5MOct 2024
$703.5MSep 2018
$773.5MSep 2019
$973.5MSep 2020
$1.5BSep 2021
$1.6BSep 2021
All Events
Undisclosed Round
Oct 2024
Undisclosed
Glynn Capital (Lead)
Undisclosed Round
Jan 2023
$25M
ServiceNow Ventures
G Round
Dec 2022
$196.5M
Qatar Investment Authority (Lead)
,
Tiger Global Management, Boldstart Ventures, G Squared, Sands Capital, Irving Investors, Evolution Equity Partners
F Round
Sep 2021
$530M
Tiger Global Management (Lead)
,
Accel, Coatue, Sands Capital, BlackRock, Salesforce Ventures, Atlassian Ventures
F Round
Sep 2021
$75M
Salesforce Ventures (Lead)
,
Atlassian Ventures
E Round
Mar 2021
$300M
Accel (Lead)
,
BlackRock, Stripes, Coatue, Boldstart Ventures, Citi Ventures, Franklin Templeton, Alkeon Capital Management, Temasek Holdings, Tiger Global Management, Geodesic Capital
D Round
Sep 2020
$200M
Addition (Lead)
C Round
Jan 2020
$150M
Stripes (Lead)
,
Coatue, Trend Forward Capital, Amiti Ventures, Target Global, Boldstart Ventures, Salesforce Ventures, La Maison Partners
B Round
Sep 2019
$70M
Accel (Lead)
,
Boldstart Ventures, GV
B Round
Sep 2018
$22M
Heavybit Inc, Boldstart Ventures, Accel
A Round
Mar 2018
$7M
Peter McKay, Canaan Partners Israel, FundFire, Heavybit Inc, Boldstart Ventures
Seed
Jan 2016
$3M
Canaan Partners Israel, PLUS Ventures, Boldstart Ventures, Nadav Abrahami
MNAEvent
Jun 2025
Undisclosed
MNAEvent
Nov 2024
Undisclosed
MNAEvent
Jan 2024
Undisclosed
MNAEvent
Oct 2023
Undisclosed
MNAEvent
Jun 2023
$45M
MNAEvent
Mar 2022
Undisclosed
MNAEvent
Feb 2022
Undisclosed
MNAEvent
Oct 2021
Undisclosed
MNAEvent
May 2021
Undisclosed
MNAEvent
Dec 2020
Undisclosed
MNAEvent
Oct 2020
Undisclosed
MNAEvent
Jul 2019
Undisclosed
Snyk News
51 articles
growth-positive
Ex-Snyk founder warns coding agents are unreliable, pitches “spec-driven development” as new standard.
At the Mind the Tech London 2025 conference, Guy Podjarny, founder of Tessl and former Snyk CEO, introduced Tessls new approach to software development, termed spec-driven development. This method aims to address the reliability issues of AI in coding by requiring AI agents to capture intent before generating code. Tessl has secured $125 million in funding from investors like Index Ventures and Accel. Podjarny emphasized the importance of aligning AI with human developers through structured specifications, which could prevent production defects and improve productivity. Tessls launch marks a significant step in AI-powered software development, with a focus on creating a shared knowledge base for best practices.
InvestmentProduct Stage
Filings show revenue up by 26% from 2023, with operating loss standing at more than $188 million.
Snyk, an Israeli-founded cybersecurity company, experienced slower revenue growth in 2024, with a 26% increase to $278 million compared to 2023. Despite this, the company expanded its customer base and workforce, growing to 4,478 customers and 1,162 employees. Snyk launched a new AI platform, the Snyk AI Trust Platform, to manage and secure software development. The company raised $196.5 million in a Series G funding round in December 2022 at a $7.4 billion valuation. Snyk also spent over $40 million on acquisitions, including Enso Security and Helios. The company ended 2023 with $350 million in cash balances. Snyks ARR exceeded $300 million, and it continues to focus on comprehensive security solutions for developers.
CustomersLayoffsAcquisitionInvestmentExpand
growth-positive
Snyk has unveiled tools to secure AI-driven code as insecure code generation reaches 48%, according to a Georgetown University study.
Snyk, a cybersecurity company specializing in application security for software development, has launched the Snyk AI Trust Platform to address the growing need for secure AI-driven code. This launch is part of Snyks strategy to secure software development in the AI era, as highlighted by CTO Danny Allan. The company has achieved $300 million in annual recurring revenue and has a customer base of 4,500. Snyk recently raised $196.5 million in a Series G funding round at a valuation of $7.4 billion and spent over $40 million on acquisitions, including Enso Security and Helios. The company is preparing for an IPO, aiming to continue its growth trajectory by integrating AI into its security offerings.
InvestmentAcquisitionCustomersExpandPublic Trading
growth-positive
Snyk CEO favors Wall Street IPO in 2026
Snyk, an Israeli code security company, is strategically delaying its IPO plans until at least 2026, despite having $435 million in the bank and nearing break-even. The company reported an expected annual recurring revenue (ARR) of $300 million. Snyk has experienced significant growth, with its valuation peaking at $8.5 billion in 2021. However, it faced criticism for high revenue multiples and conducted layoffs in 2022, affecting 230 employees. Snyk is focusing on AI as a major growth area, with a third of its revenue now coming from AI-related solutions. The company has expanded its capabilities by acquiring Enso Security and Helios in 2023.
Public TradingLayoffsAcquisition
growth-positive
The cybersecurity unicorn reduced losses by 33% to $176 million, with its revenue reaching $220 million.
Snyk, a cybersecurity unicorn, reported a 50% increase in revenue to $220 million in 2023 while reducing its losses by 33% to $176 million. The company laid off over 100 employees, reducing its workforce by 10% to around 1,100 people. In December 2022, Snyk raised $196.5 million in a Series G funding round at a valuation of $7.4 billion. The company spent over $40 million on acquisitions, including $32.7 million on Enso Security and $2.9 million on Helios. Snyks customer base now exceeds 3,100, with notable clients like Google and Salesforce. The company is preparing for a potential IPO, although the timeline remains uncertain. Snyk also launched a new product, AppRisk, to enhance application security management.
LayoffsInvestmentAcquisitionCustomersPublic Trading
growth-positive
Snyk drafting prospectus for Wall Street IPO - report
Israeli cybersecurity company Snyk is reportedly preparing its investor prospectus for a confidential filing with the US Securities and Exchange Commission (SEC) in the coming months. In December 2022, Snyk raised $196.5 million in a funding round led by the Qatar Investment Authority, valuing the company at $7.4 billion. Snyk, founded in 2015, has developed a platform that identifies security breaches and manages open source licensing issues for code.
Public TradingInvestment
growth-positive
Cybersecurity Upstarts Snyk, Cato Prepare for IPOs
Cybersecurity startups Snyk and Cato Networks are preparing for initial public offerings (IPOs). Snyk, backed by Accel Partners and valued at $7.4 billion in 2022, is drafting its IPO investor prospectus and could file it confidentially with regulators in the next few months. Cato Networks, a SoftBank-backed Israeli startup valued at $3 billion last year, plans to hire bankers by March for an IPO later this year.
Public Trading
growth-positive
Snyk acquires cyber startup Helios for several tens of millions of dollars to boost cloud-to-code risk visibility | CTech
Israeli cybersecurity firm Snyk is acquiring startup Helios to improve its cloud-to-code risk visibility. The deals value was not disclosed, but it is believed to be worth tens of millions of dollars. Snyk will integrate Helios full-stack runtime data collection and insights with its own Developer Security Platform, providing customers with a comprehensive view of all company applications throughout the software development lifecycle. The acquisition includes cash and stock components, and Helios employees will join Snyk. This is Snyks second acquisition in Israel, following its purchase of Enso Security for $32.7 million in June 2023.
Acquisition
growth-positive
Snyk Unveils New Vulnerability Intelligence Solution with ServiceNow to Provide Comprehensive Insights Into Software Supply Chain Risk
Snyk, a developer security company, has announced a joint solution with ServiceNow to provide software engineers with vulnerability intelligence for their software bill of materials (SBOMs). The new solution, Snyk Vulnerability Intelligence for SBOM, will give developers end-to-end visibility of vulnerabilities in their full software supply chain. The feature is designed to support secure development practices and address supply chain security issues. ServiceNow, a Snyk customer, partner, and recent investor, has been committed to working with Snyk to pivot the legacy security industry to a more modern, developer-led approach.
PartnersCustomers
growth-positive
Collaborative defense: Snyk and SentinelOne integrate platforms to bolster cybersecurity - SiliconANGLE
Cybersecurity firms Snyk Ltd. and SentinelOne Inc. have announced a partnership to integrate SentinelOne’s cloud workload protection platform, Singularity Cloud Workload Security, with the Snyk Developer Security Platform. The integration aims to correlate cloud runtime threat detections identified by SentinelOne with vulnerabilities found by Snyk in container images, allowing security and developer teams to address the root cause of these issues more effectively. The integration is available to SentinelOne and Snyk customers starting today through the Singularity Marketplace.
Partners
Growth-Positive
Snyk Buys Reviewpad to Help Developers Contribute Code Fast
Boston-based security vendor Snyk has acquired Porto-based startup Reviewpad to help developers secure pull requests and vet code generated by AI tools. Reviewpads technology embeds governance into the pull request workflow and automatically determines which information should be routed to which people in the company. The acquisition will help Snyk focus more on the security aspects of Reviewpads portfolio as it moves through closed beta, early access, and general access for the new integrated capabilities based on the acquired technology. This is Snyks ninth acquisition since its founding eight years ago.
AcquisitionLayoffs
growth-positive
Nightfall AI and Snyk Partner on AI-Powered Secrets Scanning
Nightfall AI and Snyk have entered into a strategic partnership to enhance cybersecurity. The partnership will offer developers AI-powered secrets scanning capabilities by combining Nightfall’s Data Loss Prevention (DLP) platform with Snyk’s Developer Security Platform. This collaboration aims to address the increasing need for robust data protection and security in the tech industry. The joint venture will enable developers to utilize cutting-edge AI to detect and secure critical data more effectively, thereby addressing prevalent cloud security threats, particularly the significant challenge of leaked secrets and credentials frequently encountered by developers and SecOps teams.
Partners
growth-negative
Snyk losses surged to $267 million in 2022 despite 157% increase in revenue | CTech
Cybersecurity company Snyk reported a 153% increase in revenue to $147 million in 2022, but also saw its losses increase by over 20% to $267.3 million due to a 48% rise in costs. The company raised $196.5 million in a Series G round in December 2022, at a lower valuation of $7.4 billion compared to its previous round in September 2021, where it raised $300 million at a valuation of $8.5 billion. Snyk also laid off 128 employees in April 2023, representing 12% of its workforce, and expects to pay between $4.2 million to $5.2 million in connection with the layoffs. In June 2022, Snyk acquired Israeli startup Enso Security for $32.7 million.
InvestmentAcquisitionLayoffs
Growth-Negative
Cybersecurity unicorn Snyk sees valuation plummet by over 50% in secondary deals | CTech
Former employees and early investors of cybersecurity firm Snyk are selling shares at a company valuation of $3.3 billion, a significant drop from its $7.4 billion valuation in December 2022. This secondary sale of shares reflects the declining value of unicorns in the tech market, with most seeing their value halved since the onset of the crisis. Snyk has also undergone three rounds of layoffs in the past year, with a total of 358 employees let go, reducing its workforce by 25%. In June, Snyk acquired Israeli startup Enzo Security for $50 million.
CustomersLayoffsAcquisition
growth-positive
Snyk buys Israeli co Enso Security
Snyk, an Israeli developer security company, has announced plans to acquire Enso Security, an enterprise application security company also based in Israel. Enso Security, founded in 2020 by former Wix application security experts, has developed an Application Security Posture Management (ASPM) solution. The acquisition is expected to close in Q2 2023. No financial details were disclosed, but reports suggest that Enso Security, which has raised $6 million to date, is being acquired for $45-50 million.
AcquisitionInvestment
growth-negative
Cyber unicorn Snyk sacks another 128 employees, five months after raising almost $200 million | CTech
Cybersecurity company Snyk has laid off another 128 employees, following previous layoffs of 198 employees in October and 30 in July. This means the company has let go of around 355 employees in less than a year, which is 25% of its workforce. The layoffs come despite the company closing a $196.5 million Series G investment last December. Snyks CEO, Peter McKay, has stated that the company is adapting to challenging market conditions that are expected to continue into early 2024.
LayoffsInvestment
Dynatrace and Snyk Unify Security Insights Across the Entire Software Lifecycle
growth-positive
Snyk Achieves FedRAMP "In Process" Milestone
Snyk, a leader in developer security, has announced it is in the process of obtaining Federal Risk and Authorization Management Program (FedRAMP) authorization. The company is working with its sponsor, the Centers for Medicare and Medicaid Services (CMS), to achieve this. The authorization will allow Snyk to support federal, state, and local governments, as well as educational institutions, which were previously unable to use Snyks developer security solutions due to government compliance requirements. The move is part of Snyks commitment to supporting public sector organizations in their digital transformation efforts.
CustomersPartners
Growth-Positive
Snyk Secures Strategic Investment from ServiceNow to Accelerate Enterprise DevSecOps Transformation | Snyk
Snyk, a developer security company, has announced a strategic investment from ServiceNow. The investment will allow Snyk to continue enhancing its Developer Security Platform and help more global enterprises benefit from DevSecOps. In addition to the funding, Snyk is also announcing a new integration with the ServiceNow Vulnerability Response solution. This integration will provide teams with a more comprehensive view of their attack surface and help them respond to priority threats faster. The investment follows Snyks $196.5 million Series G funding round in late 2022.
InvestmentPartners
growth-positive
Snyk raises $196.5m at $7.4b valuation
Israeli-US cybersecurity firm Snyk has raised $196.5 million in a Series G funding round led by the Qatar Investment Authority (QIA), bringing the companys valuation to $7.4 billion. The round also saw participation from new investors Evolution Equity Partners, G Squared and Irving Investors, as well as existing investors boldstart ventures, Sands Capital and Tiger Global. The funding comes after Snyk laid off 228 employees earlier this year. Despite this, the company reported a 100% year-on-year increase in revenue and a net revenue retention of over 130%.
InvestmentLayoffs
growth-positive
SnykLaunch Fall 2022 Helps Companies Successfully Drive DevSecOps
Snyk, a leader in developer security, has announced several significant innovations to its Developer Security Platform. The updates include the general availability of Snyk Cloud, new capabilities to secure the software supply chain, revamped reporting features, and new plans to help existing customers maximize their Snyk investment. The new features aim to enhance collaboration between developer, operations, and security teams, and to help companies maximize the benefits of DevSecOps. The improvements were made possible by the acquisition of Fugue and TopCoat earlier this year.
CustomersAcquisition
Growth-Negative
Cyber unicorn Snyk to sack 198 employees, 14% of workforce | CTech
Israeli cybersecurity company Snyk is laying off 198 employees, representing 14% of its total workforce. The layoffs come as the company is restructuring to adapt to significant market shifts and to become free cash flow positive by 2024. The company had previously laid off 30 employees in July as part of an organizational change. Snyk, which provides a security product for developers, raised $530 million at an $8.5 billion valuation in 2021, six months after receiving $300 million at a $4.7 billion valuation.
Layoffs
growth-positive
Snyk adds policy-based code security to its arsenal
Boston-based security company Snyk, which raised $530 million in funding last year, has announced a new developer-focused cloud security product. The products policy engine allows security teams to embed complex rules into the system to prevent problems before they occur. The technology is based on that of Fugue, a developer-focused cloud security company that Snyk acquired in February. The product is currently available to a limited group of customers, with general availability expected later this year.
AcquisitionCustomers
Growth-Negative
Snyk laying off 30 employees less than a year after raising $530 million CTech
Israeli cybersecurity company Snyk is laying off 30 employees as part of an organizational change aimed at accelerating its plans to become free cash flow positive by 2024. The company, which raised $530 million at an $8.5 billion valuation last September, has grown its customer base by more than 100% and tripled its team size in the last 18 months. It has also acquired six companies and expanded its developer security platform to five products. The layoffs represent less than 5% of its workforce. Most of the company’s employees are based in the U.S., with less than 100 employees working from its Israel office.
LayoffsManagement Changes
growth-positive
Snyk expands into cloud security with acquisition of Fugue
Developer security platform provider Snyk has announced its acquisition of Fugue, a cloud security firm, marking its entry into the cloud security market. The move is aimed at making it easier for developers to secure the cloud infrastructure necessary for running applications. Fugues technology will be integrated into the Snyk platform, providing developers with continuity from their code to cloud deployments. The terms of the acquisition were not disclosed. With the addition of Fugues 40 employees, Snyk now has a total of 1,200 employees.
AcquisitionExpand
growth-positive
Cybersecurity co Snyk planning 2022 Wall Street IPO - report
Israeli cybersecurity startup Snyk is preparing for an initial public offering (IPO) and is aiming to list by mid-2022. The company is reportedly seeking a higher valuation than the $8.5 billion it achieved in its last financing round in September. Snyk has raised $600 million in two financing rounds this year and has raised over $1 billion to date. The company has developed a platform that identifies security breaches and open source licensing management issues for code and takes effective action.
Public TradingInvestment
growth-positive
Salesforce and Atlassian double down on developer security with $75M Snyk investment
Snyk, an open source security scanning platform, has extended its series F funding round by an additional $75 million, bringing the total to $605 million. The company, which was valued at $8.5 billion a few weeks ago, is now valued at $8.6 billion. The funding round included return investments from Atlassian and Salesforce, who are now responsible for 10% of Snyk’s total $850 million raised since its inception. Snyks platform helps developers find and fix vulnerabilities in their open source codebases, containers, and Kubernetes applications.
InvestmentCustomersPartners
growth-positive
Snyk's valuation rockets to $8.5 billion following $300 million funding
Tel Aviv-based cybersecurity startup Snyk has raised $300 million in a funding round, bringing its total raised to $770 million and its valuation to $8.5 billion. The round was co-led by Sands Capital Ventures and Tiger Global. The funds will be used for product development and technology improvement. Snyks security product is aimed at developers, providing a solution that finds and fixes vulnerabilities and license violations in open source dependencies and container images. The company has seen significant growth since the start of the Covid-19 pandemic.
Investment
growth-positive
Snyk Builds Security into AWS CodePipeline to Mitigate Open Source Risk for Developer and Security Teams
Snyk has announced the integration of its security platform into the AWS CodePipeline console. This allows AWS CodePipeline users to build automated security controls into their deployment pipeline without leaving the AWS console. The integration is aimed at helping customers build security into applications at each level of the technology stack using an intuitive, developer-friendly security platform. This is the latest in a series of integrations with AWS services, expanding upon Snyks ongoing collaboration with AWS to ensure that both development and security teams can leverage automated tooling to mitigate their open source risk as part of the development process.
Partners
growth-positive
Snyk Named a Visionary in 2021 Gartner Magic Quadrant for Application Security Testing
Cybersecurity company Snyk has been named as a Visionary in the 2021 Gartner Magic Quadrant for Application Security Testing. The recognition is seen as a validation of Snyks developer-centric approach to cybersecurity. The companys Cloud Native Application Security Platform provides security visibility and remediation for every critical component of modern applications. Snyk has recently made its third acquisition in six months, following a $300 million Series E investment and expansion into Asia Pacific Japan.
AcquisitionInvestmentExpand
Growth-Positive
Snyk bolsters open source software security with FossID acquisition
Open source software vulnerability scanning platform Snyk has acquired FossID, a Swedish startup that develops a software composition analysis tool for open source code. This acquisition will give Snyk greater coverage for open source license compliance issues and more extensive support for software written in C and C++. Snyk, founded in London in 2015, helps developer teams find and address vulnerabilities and license violations in their open source codebases, containers, and Kubernetes applications. The acquisition will help Snyk reach all 6.3 million C/C++ developers and bring them the combined depth of analysis FossID offers.
AcquisitionCustomers
growth-positive
Snyk Advances Developer-First Security with Series E Investment
Cloud native application security leader, Snyk, has raised $300 million in a Series E financing round, bringing its total funding to $470 million and its valuation to $4.7 billion. The round was co-led by Accel and Tiger Global, with participation from existing and new investors. The funding will be used to meet the growing global demand for Snyks Cloud Native Application Security Platform. The company also announced the hiring of several key positions and the appointment of two new board members.
InvestmentManagement ChangesExpand
growth-positive
Snyk Celebrates DevSecOps Leaders with First-Ever Customer Awards
Cloud native application security leader, Snyk, has announced the winners of its inaugural Customer Awards. The awards were designed to highlight organisations that have helped to drive Snyks mission to empower every software developer to develop fast and stay secure. The winners include Salesforce and Auth0 (The Advocate Award), Opera (The DevSecOps Award), Skyscanner (The Early Adopter Award), and Reddit and Australia Post (The Innovator Award). The awards were distributed at Snyks first annual user conference, SnykCon 2020, which took place in Q4 2020.
Customers
growth-positive
Snyk Achieves 2020 Record Growth and Announces Plans to Lead Cloud Native Application Security Market
Cloud native application security leader, Snyk, reported its 2020 achievements and growth plans for 2021. In 2020, the company found and fixed over 4.5 million vulnerabilities, launched two new products, closed two strategic acquisitions (DeepCode and Manifold), recorded a 200% YoY increase in revenue, and raised over $350M in new funding, reaching a valuation of $2.6B. The company plans to continue its product-led growth strategy, expand its integrations, and strengthen its go-to-market relationships with strategic partners in 2021.
AcquisitionInvestment
growth-positive
Snyk bags another $200M at $2.6B valuation 9 months after last raise
Security company Snyk has raised $200m in a funding round led by Addition, taking its total raised to $450m and its valuation to $2.6bn. The firm, which integrates security into the development process, has seen its annual recurring revenue grow 275% YoY. CEO Peter McKay said the pandemic had accelerated the companys growth, with 100 new employees added in the past year and plans to hire 100 more in the next 12 months. McKay also said the company was committed to building a diverse and inclusive culture.
InvestmentExpand
growth-positive
Snyk Brings Developer-first Security to Infrastructure as Code
Snyk, a developer-first security company, has announced the expansion of its product line to include Snyk Infrastructure as Code (Snyk IaC). This new offering is designed to integrate seamlessly into the developer workflow, enabling application development teams to find and fix misconfigurations in their Kubernetes configuration and Terraform code before they result in production security problems. The addition of Snyk IaC to the Snyk portfolio allows developers to handle the growing number of security responsibilities that are shifting left, enabling them to build securely across all the code that makes up a cloud native application.
Expand
growth-positive
Snyk Strengthens Prioritization Capabilities to Increase Developer Efficiency and Reduce Risk
Snyk, a developer-first security company, has announced significant enhancements to its Prioritization capabilities. The enhancements will help security and development teams automatically identify and fix the most critical vulnerabilities. The new features include immediate priority scoring, deep application context, customizable security policies, and Snyks automated fix PRs. The aim is to ensure that developers are fixing the most important open source and container vulnerabilities as quickly as possible.
Customers
growth-positive
Snyk State of Open Source Security Report Reveals Vulnerabilities Down as Cybersecurity Responsibilities Are More Effectively Shared Across Teams
Snyk, a developer-first security company, has released its annual State of Open Source Security Report for 2020. The report indicates a decrease in new vulnerabilities in open source packages, suggesting a positive trend in the security of these packages. The report also highlights a shift in security mindset, with organizations increasingly embracing the core elements of DevSecOps and implementing scalable programs and best practices to ensure shared responsibility. The report was completed by over 500 developers, security practitioners, and operations technologists, and includes data from the Snyk vulnerability database and other sources.
Customers
growth-positive
Snyk and Red Hat Collaborate To Enhance Security for OpenShift and Kubernetes Workloads
Developer-first open source security company, Snyk, and open source solutions provider, Red Hat, Inc., have announced a new collaboration to strengthen developer-led security for Red Hat customers with new Snyk integrations for Red Hat CodeReady Dependency Analytics and Red Hat OpenShift. The integration will provide real-time analysis of open source dependencies and enhance the security of Kubernetes and container deployments. Snyks security tools support and integrate into the technologies that OpenShift users prefer, prioritizing the developer experience and overall business efficiency.
Partners
Growth-Positive
Snyk and Neighbourhoodie Partner to Keep Software Updated and Secure
Developer-first security company Snyk has partnered with Neighbourhoodie, the makers of Greenkeeper, to create a solution for keeping open source dependencies current and secure. The result, Automatic Dependency Upgrades, is now included with Snyk Open Source. This solution allows software development teams to easily find and automatically fix open source vulnerabilities. The collaboration between Snyk and Greenkeeper offers customers a market-leading capability for Automated Dependency Upgrades. This includes frictionless integration into developer workflows, helpful information to inform priorities and decisions, and control over the pace and volume of updates.
Partners
growth-positive
Develop Fast and Stay Secure with Snyk
Snyk, a cybersecurity company that helps developers find and fix vulnerabilities in open-source code, recently received an investment of $150 million, elevating its status to a Unicorn. The funding round was led by Stripes. Snyks solutions allow software-based organizations to reduce their cybersecurity risks at the earliest stage and make their solutions compliant by design. The companys security team maintains a database of vulnerabilities, which they monitor and update regularly. Snyks API tokens allow for compatibility with most platforms, including GitHub, BitBucket, Google and Azure.
Investment
growth-positive
Snyk raises $150 million at $1 billion valuation for AI that protects open source code
London-based cybersecurity platform Snyk has raised $150 million in a funding round led by Stripes, with participation from Salesforce Ventures, Coatue, Tiger Global, BoldStart, Trend Forward, and Amity. This takes Snyk’s total funding to $250 million. The company is now worth more than $1 billion. Snyk helps developers find and fix flaws in their source code. The company already claims some 400,000 developer users globally, including those from big-name companies such as Google, Uber, Salesforce, and Intuit. With another $150 million in the bank, Snyk is now well positioned to double down on its product development and global expansion.
InvestmentExpand
growth-positive
Open source security platform Snyk raises $70m
Israeli open source security platform developer Snyk has raised $70 million in a funding round led by Accel, with participation from previous investors GV and Boldstart Ventures. The company has not disclosed its valuation for this round, but it was valued at $100 million in a previous round last September. Snyks revenue has quadrupled over the past year and is now in the hundreds of millions of dollars. The company plans to double its headquarters staff and hire new sales and development staff over the next 18 months.
InvestmentExpand
growth-positive
Snyk Acquires DevSecCon to Boost DevSecOps Community
Developer-first security company, Snyk, has announced the acquisition of DevSecCon, a conference dedicated to DevSecOps – the practice of building security into development processes. Snyk and the DevSecCon team will partner to maintain a vendor neutral home dedicated to growing and strengthening the DevSecOps community with additional support and resources, including 4-6 global conferences in 2019-2020. DevSecCon will be run as a non-profit event with all proceeds going to community members.
AcquisitionPartners
growth-positive
Snyk slips into Azure for open source vulnerability spotting * DEVCLASS
Open source security company Snyk has expanded its integration with Microsofts Azure, offering vulnerability scanning through the open source development workflow on the Azure cloud platform. The integration extends to Azure Repos, Azure Pipelines, Azure Container Registry, and Azure Functions. This is the first time Snyk has integrated to this degree with a particular cloud vendor’s whole stack. The company aims to build the most comprehensive vulnerability database for .NET.
Partners
growth-positive
Snyk Announces Integration With Bitbucket to Secure End-to-End Developer Workflows
Snyk, a solution for finding and fixing vulnerabilities in open source libraries, has expanded its integration with Bitbucket. Already integrated within Bitbucket Server, Snyk now offers native testing and fixing of open source dependencies for Bitbucket Cloud, and a Snyk Pipe for automating workflow through Bitbucket Pipelines. The integration allows Snyk to secure the entire developer workflow, from detecting existing vulnerabilities in the Bitbucket code repository to continuous monitoring and alerts. Snyks CEO, Guy Podjarny, expressed excitement about the partnership with Atlassian, Bitbuckets parent company.
Partners
growth-positive
Snyk raises $22 million to tackle open source's security problem
Open source security company Snyk has raised $22 million in a funding round led by Accel, with participation from GV, Boldstart Ventures, and Heavybit. The company, which has raised a total of $32 million in venture capital, plans to use the funds to develop additional features that offer more protection while applications are running. Snyks tools allow developers to search for vulnerabilities in enterprise systems and block them, and in many cases, can also repair those security issues by drawing on a database of patches.
Investment
growth-positive
Open Source Vulnerabilities Hunter Snyk Raises $7 Million
Tel Aviv-based cybersecurity startup Snyk Ltd. has raised $7 million in a Series A funding round. The round was led by New York-based venture capital firm Boldstart Ventures and Menlo Park, California-headquartered firm Canaan Partners. Additional investors include Heavybit Inc., FundFire, and Peter McKay, co-CEO, and president of Veeam Software. Snyk, founded in 2015, develops and markets software that helps developers detect and fix vulnerabilities in third-party code modules. The company reports over 120,000 users and 350,000 downloads per month.
Investment
growth-positive
Snyk Launches Heroku Add-On
Snyk, a solution for addressing vulnerabilities in open source libraries, has launched its Heroku add-on in general availability. The add-on will allow Heroku developers to confirm their open source dependencies are secure. Snyk will continuously monitor for newly disclosed vulnerabilities in deployed applications and offer fixes for such vulnerabilities. The solution provides the security assurance that enables developers and organizations to move quickly and with more confidence to advanced cloud platforms, such as Heroku.
PartnersExpand
growth-positive
Snyk aims to help developers secure use of open source code
Snyk, a London and Israeli start-up, is aiming to improve the security of open source coding. The company integrates security into the existing workflow of a developer, for example, by integrating with GitHub, so that vulnerabilities are checked as coding progresses. When a vulnerability is discovered, Snyk will offer to apply the relevant patch, and where possible accommodate any dependencies. The companys tools are free for open source projects, and its command line testing functionality is also free. It also offers premium packages that focus on productivity and response time.
Customers
growth-positive
The Daily Startup: Snyk Nabs $3M to Help Make Open-Source Code Safer
Snyk Ltd., a new startup, is releasing developer tools to help programmers write more secure software. The company is offering tools that find known vulnerabilities in a client’s code for free, with the hope of selling monitoring tools that would scan a client’s code to identify and fix any vulnerabilities. This move is aimed at reducing software security breaches which often occur due to attackers exploiting known vulnerabilities in open-source code.
CustomersExpand
Snyk Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 1229 |
| Team members | 5 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515326122 |
| Crunchbase | snyk |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2023-11-21T00:00:00.000Z |
| Created | 2016-02-02T00:00:00.000Z |
| Claimed | Yes |