Snyk


Snyk Limited is a developer-oriented cybersecurity company, specializing in securing custom-developed code, open-source dependencies and cloud infrastructure. It was founded in 2015 out of Tel Aviv and London and is headquartered in Boston.

History

Snyk was founded in 2015 by Guy Podjarny, Assaf Hefetz, and Danny Grander, coming from Unit 8200, a SIGINT unit of the Israel Defense Forces. Podjarny started as CEO.
In July 2019, Peter McKay, one of the first investors, succeeded him, while Podjarny became president and chairman of the Board of Directors.
In 2022, the company had approximately 1,400 employees. It also has offices in Tel Aviv, Ottawa, Zurich and London.

Acquisitions

Snyk acquisitions include:
In 2016, the company initially raised $3 million. In March 2018, its Series A funding was $7 million. In late 2019, it raised $70 million and a further $150 million in January 2020. In September 2021, a $300 million Series F funding round valued the company at $8.5 billion. This came six months after a valuation of $4.7 billion. Qatar Investment Authority led the next funding round in December 2022, with Snyk raising close to $200 million.
In December 2021, Bloomberg reported that Snyk was preparing for an IPO in 2022.
In January 2023, ServiceNow Inc. invested $25 million in Snyk.

Products

The company's security products are designed to help software developers find weaknesses, violations, and vulnerabilities in their code. The company's vulnerability database records security issues found in open-source software libraries, and corrects the code. Security vulnerabilities are identified and addressed during the development process, before the software product is in use.