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]
