Company type | Private |
---|---|
Industry | Computer security |
Founded | 2015 |
Founders |
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Headquarters | , U.S. |
Key people | Peter McKay (CEO) |
Revenue | ![]() |
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Number of employees | 1,400 (2022) [2] |
Website | 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 [3] out of Tel Aviv and London [4] and is headquartered in Boston. [5]
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]
Snyk acquisitions include:
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] Qatar Investment Authority led the next funding round in December 2022, with Snyk raising close to $200 million. [29]
In December 2021, Bloomberg reported that Snyk was preparing for an IPO in 2022. [6] [30]
In January 2023, ServiceNow Inc. invested $25 million in Snyk. [31]
The company's security products are designed to help software developers find weaknesses, violations, and vulnerabilities in their code. [9] The company's vulnerability database records security issues found in open-source software libraries, and corrects the code. [32] [33] [34] Security vulnerabilities are identified and addressed during the development process, before the software product is in use. [35] [36]