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About Snap
Industries
VR & AR
Consumer Software
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Santa Monica, California
Founded
2011
Overview
Company Historically Provides H1B Sponsorship
Snap Inc. focuses on enhancing communication and self-expression through technology, primarily in the social media and augmented reality markets. Its main product, Snapchat, is a multimedia messaging app that allows users to send photos and videos that disappear after viewing, along with features like Stories and Discover for sharing content. Snap Inc. also offers Spectacles, smart glasses that capture video and photos from the user's perspective, integrating with Snapchat. The company targets younger demographics, including teenagers and young adults, while also providing advertising opportunities for businesses. Snap Inc. generates revenue mainly through advertising within the app, including Snap Ads and Sponsored Lenses, as well as from in-app purchases and Spectacles sales. The goal of Snap Inc. is to empower users to express themselves and connect with others in a fun and engaging way.
Simplify's Take
What believers are saying
- Snap's new monetization program could attract more creators, boosting engagement and revenue.
- Debt restructuring may improve Snap's financial stability and innovation capacity.
- AI-powered smart glasses trend offers growth potential for Snap's Spectacles.
What critics are saying
- Heavy reliance on advertising revenue faces competition from TikTok's growing market share.
- Competitors' AI-powered smart glasses could overshadow Snap's Spectacles.
- Debt restructuring poses financial risks if revenue growth doesn't meet expectations.
What makes Snap unique
- Snapchat's ephemeral messaging sets it apart from other social media platforms.
- Snap's Spectacles offer a unique first-person perspective for content creation.
- Snap's focus on AR experiences enhances user engagement and brand interaction.
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Funding
Total Funding
$10437.7M
Above
Industry Average
Funded Over
12 Rounds
Lightspeed Venture Partners
Coatue Management
Kleiner Perkins
SV Angel
Benchmark
General CatalystBenefits
Paid maternity, paternity, and family caregiver leave
Adoption, surrogacy, infertility, and fertility preservation benefits
Backup child care coverage, caregiver assistance, and digital maternity care support
Short-term disability, long-term disability, life insurance, and AD&D insurance
Comprehensive medical coverage
Dental coverage, including orthodontia benefits
Vision coverage, including LASIK benefits
Gym perks and discounts
Team fitness classes, hikes, and races
Sports leagues
Cooking and nutritional workshops
Generous time off and leave programs
Emotional and mental health support programs and apps
Social gatherings, team outings, and volunteering programs
401(k) plan
Compensation packages that let you share in Snap’s long-term success!
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 2%When Resh Sidhu attended Snap's first India Developer Day last year, she didn't know what to expect.
At Retail Week Live, Bridget Lea, Vice President & General Manager UK at Snap Inc., delivered a powerful keynote on how Gen Z is redefining retail.
"Snapchat is redefining its role in the algorithm-driven video wars, and brands that don't adapt will miss a massive opportunity. Now is the time for brands to start exploring how to show up authentically on this platform" - Peter Chun, EVP, Global head of PAC, VaynerMedia
College of Engineering: Jerry Hunter, Class of 1988 and 1990, recently retired as chief operating officer of Snap Inc., where he helped shape the technology company into a global powerhouse.
Snap prices $1.5B senior notes at 6.875%, aims to repurchase $1.4B in convertible notes. Strategic debt restructuring backed by positive rating outlook.
Snap is Hiring for 220 Jobs on Simplify!
Find jobs on Simplify and start your career today
Software Engineering
45 Open Roles
AI & Machine Learning
20 Open Roles
Electrical Engineering
11 Open Roles
IT & Security
7 Open Roles
Data & Analytics
7 Open Roles
Engineering Management
7 Open Roles
QA & Testing
5 Open Roles
Hardware Engineering
4 Open Roles
Sales & Solution Engineering
3 Open Roles
Mechanical Engineering
2 Open Roles
DevOps & Infrastructure
1 Open Roles
Education
1 Open Roles
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About Snap
Industries
VR & AR
Consumer Software
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Santa Monica, California
Founded
2011
Snap is Hiring for 220 Jobs on Simplify!
Find jobs on Simplify and start your career today
Software Engineering
45 Open Roles
AI & Machine Learning
20 Open Roles
Electrical Engineering
11 Open Roles
IT & Security
7 Open Roles
Data & Analytics
7 Open Roles
Engineering Management
7 Open Roles
QA & Testing
5 Open Roles
Hardware Engineering
4 Open Roles
Sales & Solution Engineering
3 Open Roles
Mechanical Engineering
2 Open Roles
DevOps & Infrastructure
1 Open Roles
Education
1 Open Roles
People Also Viewed
Discover companies similar to Snap