Snyk

Last updated

Snyk Limited
Company type Private
Industry Computer security
Founded2015;9 years ago (2015)
Founders
  • Guy Podjarny
  • Danny Grander
  • Assaf Hefetz
Headquarters
Boston, Massachusetts
,
U.S.
Key people
Peter McKay (CEO)
RevenueIncrease2.svg US$220 million (2023) [1]
Increase Negative.svg −US$176 million (2023) [1]
Number of employees
1,400 (2022) [2]
Website snyk.io

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 [3] out of London and Tel Aviv [4] and is headquartered in Boston. [5]

Contents

History

Snyk was founded in 2015 by Guy Podjarny (Hebrew: גיא פודחרני), Assaf Hefetz (אסף חפץ), and Danny Grander, (דני גרנדר) [5] coming from Unit 8200, a SIGINT unit of the Israel Defense Forces. [6] [7] 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. [8]

In 2022, the company had approximately 1,400 employees. [2] It also has offices in Tel Aviv, Ottawa, Zurich and London. [9] [10]

Acquisitions

Snyk acquisitions include:

Financing

In 2016, the company initially raised $3 million. In March 2018, its Series A funding was $7 million. [25] In late 2019, it raised $70 million and a further $150 million in January 2020. [7] In September 2021, a $300 million Series F funding round valued the company at $8.5 billion. [26] [27] This came six months after a valuation of $4.7 billion. [28] [29] Qatar Investment Authority led the next funding round in December 2022, with Snyk raising close to $200 million. [30]

In December 2021, Bloomberg reported that Snyk was preparing for an IPO in 2022. [6] [31]

In January 2023, ServiceNow Inc. invested $25 million in Snyk. [32]

Products

The company's security products are designed to help software developers find weaknesses, violations, and vulnerabilities in their code. [33] The company's vulnerability database records security issues found in open-source software libraries, and corrects the code. [34] [35] [36] Security vulnerabilities are identified and addressed during the development process, before the software product is in use. [37] [38]

Related Research Articles

<span class="mw-page-title-main">Trend Micro</span> Japanese multinational cyber security company

Trend Micro Inc. is an American-Japanese cyber security software company. The company has globally dispersed R&D in 16 locations across every continent excluding Antarctica. The company develops enterprise security software for servers, containers, and cloud computing environments, networks, and end points. Its cloud and virtualization security products provide automated security for customers of VMware, Amazon AWS, Microsoft Azure, and Google Cloud Platform.

<span class="mw-page-title-main">Salesforce</span> American software company

Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and application development.

<span class="mw-page-title-main">UST (company)</span> American technology company

UST, formerly known as UST Global, is a provider of digital technology and transformation, information technology and services, headquartered in Aliso Viejo, California, United States. Stephen Ross founded UST in 1998 in Laguna Hills. The company has offices in the Americas, EMEA, APAC, and India.

<span class="mw-page-title-main">Box, Inc.</span> Cloud content management program

Box, Inc. is a public company based in Redwood City, California. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. Box was founded in 2005 by Aaron Levie and Dylan Smith. Initially, it focused on consumers, but around 2009 and 2010 Box pivoted to focus on business users. The company raised about $500 million over numerous funding rounds before going public in 2015. Its software allows users to store and manage files in an online folder system accessible from any device. Users can then comment on the files, share them, apply workflows, and implement security and governance policies.

<span class="mw-page-title-main">Splunk</span> American technology company

Splunk Inc. is an American software company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a web-style interface. Its software helps capture, index and correlate real-time data in a searchable repository, from which it can generate graphs, reports, alerts, dashboards and visualizations.

New Relic, Inc. is an American web tracking and analytics company based in San Francisco. The company's cloud-based software allows websites and mobile apps to track user interactions and service operators' software and hardware performance.

<span class="mw-page-title-main">CloudBees</span>

CloudBees is an enterprise software delivery company. Sacha Labourey and Francois Dechery co-founded the company in early 2010, and investors include Matrix Partners, Lightspeed Venture Partners, HSBC, Verizon Ventures, Golub Capital, Goldman Sachs, Morgan Stanley, and Bridgepoint Group.

<span class="mw-page-title-main">Stripes (growth equity firm)</span> American equity and venture capital firm

Stripes is a private equity and venture capital firm based in Manhattan, New York, founded in 2008. In 2024, Stripes has US$7 billion of assets under management and more than 80 investments. Notable investments include On Running and Monday.com.

<span class="mw-page-title-main">Databricks</span> American software company

Databricks, Inc. is a global data, analytics, and artificial intelligence (AI) company, founded in 2013 by the original creators of Apache Spark. The company provides a cloud-based platform to help enterprises build, scale, and govern data and AI, including generative AI and other machine learning models.

GitLab Inc. is a company that operates and develops GitLab, a open-core DevOps software package that can develop, secure, and operate software. GitLab includes a distributed version control based on Git, including features such as access control, bug tracking, software feature requests, task management, and wikis for every project, as well as snippets.

Sourcegraph Inc. is a company developing code search and code intelligence tool that semantically indexes and analyzes large codebases so that they can be searched across commercial, open-source, local, and cloud-based repositories.

<span class="mw-page-title-main">UiPath</span> Romanian-American developer of robotic process automation software

UiPath Inc. is a global software company that makes robotic process automation (RPA) software. It was founded in Bucharest, Romania, by Daniel Dines and Marius Tîrcă. Its headquarters are in New York City. The company's software monitors user activity to automate repetitive front and back office tasks, including those performed using other business software such as customer relationship management or enterprise resource planning (ERP) software.

SentinelOne, Inc. is an American cybersecurity company listed on NYSE based in Mountain View, California. The company was founded in 2013 by Tomer Weingarten, Almog Cohen and Ehud ("Udi") Shamir. Weingarten acts as the company's CEO. Vats Srivatsan is the company's COO. The company has approximately 2,100 employees and offices in Mountain View, Boston, Prague, Tokyo, and Tel Aviv. The company uses machine learning for monitoring personal computers, IoT devices, and cloud workloads. The company's platform utilizes a heuristic model, specifically its patented behavioral AI. The company is AV-TEST certified.

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

Tenable, Inc. is a cybersecurity company based in Columbia, Maryland. Its vulnerability scanner software Nessus, developed in 1998, is one of the most widely deployed vulnerability assessment solutions in the cybersecurity industry. As of December 31, 2023, the company had approximately 44,000 customers, including 65% of the Fortune 500.

<span class="mw-page-title-main">Wiz (company)</span> Cloud computing security startup

Wiz, Inc. is an American cloud security startup headquartered in New York City. The company was founded in January 2020 by Assaf Rappaport, Yinon Costica, Roy Reznik, and Ami Luttwak, all of whom previously founded Adallom. Rappaport is CEO, Costica is VP of Product, Reznik is VP of Engineering, and Luttwak is CTO. The company's platform analyzes computing infrastructure hosted in Amazon Web Services, Microsoft Azure, Google Cloud Platform, Oracle Cloud Infrastructure, and Kubernetes for combinations of risk factors that could allow malicious actors to gain control of cloud resources and/or exfiltrate valuable data.

Firebolt Analytics is a data software company, operating globally. Its main product is a cloud data warehousing platform for data engineers. Firebolt was founded and headquartered in Tel Aviv, Israel.

<span class="mw-page-title-main">Thrive Capital</span> American venture capital firm

Thrive Capital Management, LLC, commonly Thrive Capital, is an American venture capital firm based in New York City. It focuses on software and internet investments. The firm was founded by Joshua Kushner who is also co-founder of Oscar Health and minority owner of the Memphis Grizzlies.

Pentera is an American cybersecurity software company, specializing in automated security validation solutions. Originally founded as Pcysys in 2015, the company later rebranded as Pentera in 2021. The company is led by Amitai Ratzon (CEO) and Dr. Arik Liberzon. Pentera has entities in the US, Germany, UK, Israel, Dubai, and Singapore.

References

  1. 1 2 "Snyk cuts losses by a third, boosts revenue by 50%, as it prepares for IPO". Calcalist . October 6, 2024.
  2. 1 2 Gilead, Assaf (October 24, 2022). "Cybersecurity co Snyk lays off 14% of workforce". Globes .
  3. ↑ Miller, Ron (September 9, 2020). "Snyk bags another $200M at $2.6B valuation 9 months after last raise". TechCrunch . Retrieved December 6, 2021.
  4. ↑ Alspach, Kyle (November 24, 2021). "Cloud security shifting to 'dev' not 'ops,' Snyk says". VentureBeat . Retrieved December 2, 2021.
  5. 1 2 "15. Snyk". CNBC. May 25, 2021. Retrieved December 2, 2021.
  6. 1 2 "THE ISRAELI CYBER COMPANY SNYK IS PREPARING FOR AN INITIAL PUBLIC OFFERING", Israel Financial Insider, January 1, 2022
  7. 1 2 "Israeli cybersecurity co Snyk raises $150m", Globes, January 21, 2020
  8. ↑ Miller, Ron (July 17, 2019). "Snyk brings in new CEO to help lead future expansion". TechCrunch. Retrieved September 4, 2024.
  9. ↑ "Cybersecurity co Snyk raises $300m at $8.5b valuation". Globes. September 9, 2021. Retrieved December 2, 2021.
  10. ↑ "One Team: An Interview with Snyk CEO Peter McKay". Comparably. Retrieved December 6, 2021.
  11. ↑ Vizard, Mike (September 23, 2020). "Snyk Acquires DeepCode to Apply AI to DevSecOps". DevOps.com. Retrieved November 12, 2024.
  12. ↑ "Supported languages, frameworks, and feature availability overview: Code analysis (Snyk Code)". Snyk Documentation. October 16, 2023. Retrieved November 16, 2023.
  13. ↑ Krill, Paul (October 25, 2019). "DeepCode taps AI for code reviews". InfoWorld. Retrieved September 7, 2021.
  14. ↑ "ETH AI spin-off DeepCode acquired by a unicorn in cybersecurity". ethz.ch. September 23, 2020. Retrieved September 7, 2021.
  15. 1 2 Moreira, Peter (January 27, 2021). "Halifax's Manifold Acquired by Snyk". Entrevestor. Retrieved November 12, 2024.
  16. ↑ Sawers, Paul (May 21, 2021). "Snyk bolsters open source software security with FossID acquisition". VentureBeat . Retrieved November 12, 2024.
  17. ↑ Thomas, Winston (September 3, 2021). "Why we need reimagine security cloud native". CDO Trends. Retrieved December 6, 2021.
  18. ↑ "FossID is Reacquired from Snyk by Original Founders to Renew Focus on Open Source License Compliance Risk" . Retrieved November 12, 2024.
  19. ↑ Hardcastle, Jessica Lyons (November 3, 2021). "Snyk Buys CloudSkiff as $600M Burns Holes in Its Pockets". SDX Central. Retrieved December 2, 2021.
  20. ↑ "Snyk Agrees to Acquire CloudSkiff, Creators of driftctl". Dark Reading. October 29, 2021. Retrieved December 2, 2021.
  21. ↑ Ehrlich, Chris (April 4, 2022). "Snyk Acquires Developer Cloud Security Platform Fugue". Datamation . Retrieved November 12, 2024.
  22. ↑ Alspach, Kyle (February 17, 2022). "Snyk expands into cloud security with acquisition of Fugue" . Retrieved November 12, 2024.
  23. ↑ Alspach, Kyle (November 12, 2024). "Snyk Expands API Security Testing With Acquisition Of Probely". CRN. Retrieved November 12, 2024.
  24. ↑ Novinson, Michael (November 12, 2024). "Snyk Acquires Probely to Strengthen API Security for AI Apps". Data Breach Today. Retrieved November 12, 2024.
  25. ↑ "Snyk snares $7 million investment to help developers secure open source code". TechCrunch. March 6, 2018. Retrieved December 2, 2021.
  26. ↑ Sawers, Paul (September 9, 2021). "Open source security scanning platform Snyk raises $300M". VentureBeat . Retrieved December 2, 2021.
  27. ↑ "Snyk Says $8.5B Valuation 'Validates Developer-Security Vision'". SDX Central. Retrieved December 2, 2021.
  28. ↑ "Snyk bags another $200M at $2.6B valuation 9 months after last raise". TechCrunch. September 9, 2020. Retrieved December 6, 2021.
  29. ↑ "Snyk raises $300 million at a $4.7 billion valuation as employees cash in and the security company beefs up". TechCrunch. March 11, 2021. Retrieved December 2, 2021.
  30. ↑ Primack, Dan (December 13, 2022). "Security startup Snyk raises big money at smaller valuation". Axios .
  31. ↑ Catie Roof, "Cybersecurity Startup Snyk Is Said to Plan 2022 IPO", Bloomberg, December 23, 2021
  32. ↑ Lin, Belle (January 24, 2023). "Cyber Startup Snyk Raises $25 Million From ServiceNow". Wall Street Journal. ISSN   0099-9660 . Retrieved December 4, 2023.
  33. ↑ "Cybersecurity co Snyk raises $300m at $8.5b valuation". Globes. September 9, 2021. Retrieved December 2, 2021.
  34. ↑ "Snyk: 50% of security jobs unfilled… any solution predicated on devs 'becoming security experts is doomed'". The Register. Retrieved December 6, 2021.
  35. ↑ Chernova, Yuliya (January 21, 2020). "Snyk's Skyrocketing Valuation Reflects Growing Interest in Late-Stage Enterprise Businesses". Wall Street Journal. Wall St Journal. Retrieved December 6, 2021.
  36. ↑ "UK-founded security unicorn snags $75M for digital transformation". UKTN. October 2021. Retrieved December 6, 2021.
  37. ↑ "Snyk takes application security to the developer's doorstep". Silicon Angle. December 2021. Retrieved December 6, 2021.
  38. ↑ "Local cybersecurity startup Snyk attracts $530 million in new cash". Boston Globe. Retrieved December 6, 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.