Snyk builds a Developer Security Platform that integrates into developer workflows to secure code, open source dependencies, and cloud usage. The company emphasizes a developer-first approach to increase developer productivity and enable security teams to collaborate with engineering. Snyk reports more than 2,500 customers worldwide and cites customer outcomes including security spend consolidation, developer productivity gains, and risk reduction. It recently announced a new integration with ServiceNow Vulnerability Response to surface Snyk open‑source findings into ServiceNow workflows. Snyk positions this work as central to advancing enterprise DevSecOps and accelerating secure digital transformation. The company announced a $196.5M Series G in late 2022 and is continuing product and partnership expansion. Snyk is a Boston, MA-based developer security company that offers a Developer Security Platform for developers and security teams. The platform automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with development teams. It secures critical components of applications from code to cloud, driving increased developer productivity, revenue growth, customer satisfaction, cost savings and an improved security posture. Snyk is used by 2,300+ customers worldwide, including Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce. In December 2022 Snyk raised $196.5M in Series G funding at a $7.4 billion valuation. The company intends to use the funds to accelerate growth and to enhance and expand its Developer Security Platform both organically and inorganically via strategic acquisition. Snyk provides a Developer Security Platform that automatically integrates with developers' workflows and is purpose-built for security teams to collaborate with development teams to secure applications from code to cloud. The company is led by CEO Peter McKay and is based in Boston, MA. Snyk serves 1,200 customers worldwide, including Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce. It raised $530M in a Series F at an $8.5 billion valuation, with the transaction including both primary and secondary offerings and more than $300M of new capital. Snyk intends to use the funds to accelerate product innovation and development, introduce enhancements to its Developer Security Platform, add new workflow integrations, improve functionality and launch new features. The company has recently expanded its leadership team with hires including incoming Chief Revenue Officer Dino DiMarino, Chief People Officer Adriana Bokel Herde, Chief Marketing and Customer Experience Officer Jeff Yoshimura, CIO Erica Geil and VP APJ Sales Shaun McLagan. Snyk provides a Cloud Native Application Security Platform, a developer-first solution that delivers security visibility and remediation for application code, open-source libraries, container infrastructure and infrastructure as code. The platform is built on a proprietary vulnerability database maintained by an expert security research team and powers strategic partners such as AWS, Datadog, Docker, Dynatrace, IBM Cloud, Rapid7, Red Hat and Trend Micro. Snyk works with global customers of all sizes to enable developers to automatically integrate security into existing workflows. The company closed a $300M Series E that included both primary and secondary offerings and injected $175M of new capital into the business, valuing Snyk at $4.7 billion post-money. Snyk has raised $470M to date and intends to use the new funds to expand its business reach. The company also announced several senior hires and two new board appointments concurrent with the financing. Snyk builds security into the development process, offering tools that scan code commits and git repositories to surface vulnerabilities rather than relegating security to separate teams. The company uses an open-source product as a top-of-funnel to drive interest in its platform. Snyk's annual recurring revenue is growing 275% year over year, and the startup has accelerated hiring — adding 100 employees in the last 12 months and reaching 375 employees with plans to add another 100. Company leadership says the COVID-19 pandemic has accelerated customers' shifts to the cloud and cloud-native applications, increasing demand for its developer-centric security approach. CEO Peter McKay, who joined in 2018, emphasizes diversity initiatives including unconscious bias training and executive pledges on hiring. Founded in 2015, the company has attracted significant investor interest as it scales its product and go-to-market.

Total raised

$1.5B

Funding rounds

9

Latest round

Series G

Latest activity

Dec 2022