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About Snyk
Industries
Enterprise Software
Cybersecurity
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$1.6B
Headquarters
Boston, Massachusetts
Founded
2015
Overview
Snyk specializes in cybersecurity for software-driven businesses, focusing on open source security. Its platform helps developers identify and fix vulnerabilities in their code by integrating into existing workflows, using tools like a dependency scanner for open source dependencies and container images. Snyk stands out by serving a diverse range of clients, from startups to large enterprises, and offering tailored enterprise features. The company's goal is to enable organizations to develop software quickly while ensuring high security standards.
Simplify's Take
What believers are saying
- Snyk's $300M ARR and strategic acquisitions show strong growth potential.
- Partnership with Carahsoft opens new opportunities in the public sector.
- Recognition as a leader in SCA enhances credibility and attracts enterprise clients.
What critics are saying
- Increased competition in SCA could erode Snyk's market share.
- Delaying IPO may lead to investor uncertainty and affect funding.
- Acquisitions like Helios and DeepCode may pose integration challenges.
What makes Snyk unique
- Snyk's developer-first approach integrates security seamlessly into development workflows.
- The platform's focus on open source security addresses a critical market need.
- Snyk's comprehensive toolset supports both small startups and large enterprises.
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Funding
Total Funding
$1589M
Above
Industry Average
Funded Over
9 Rounds
Tiger Global
Coatue Management
AccelBenefits
Flexible Work Hours
Unlimited Paid Time Off
Health Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↓ -2%Snyk wins 2025 Google Cloud Technology Partner of the Year for Application Development.
Snyk has partnered with Carahsoft Technology to deliver its advanced developer security platform to the public sector.
Snyk launches secure developer program, deepening.
Snyk, valued at $7.4 billion, has reached $300 million in ARR and plans to be cash flow positive by 2025. Despite drafting an IPO prospectus, CEO Peter McKay states there's no rush to go public, with $435 million in the bank and nearing break-even. McKay anticipates a more favorable regulatory environment in 2026. Snyk continues acquiring firms like Helios and DeepCode, with the latter contributing over $100 million in ARR. The company burned $173 million in 2023 but aims to halve losses in 2024.
Several factors indicate that Snyk, most recently valued at $7.4 billion, could IPO soon.
Snyk is Hiring for 38 Jobs on Simplify!
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People & HR
1 Open Roles
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About Snyk
Industries
Enterprise Software
Cybersecurity
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$1.6B
Headquarters
Boston, Massachusetts
Founded
2015
Snyk is Hiring for 38 Jobs on Simplify!
Find jobs on Simplify and start your career today
People & HR
1 Open Roles
People Also Viewed
Discover companies similar to Snyk