Snyk is a cybersecurity company specializing in cloud computing. It was founded in 2015 out of London and Tel Aviv with headquarters in Boston.

History

Snyk was founded in 2015 by Guy Podjarny ( Hebrew: גיא פודחרני), Assaf Hefetz (אסף חפץ), and Danny Grander, (דני גרנדר) coming from Unit 8200, a SIGINT unit of the

Israel Defense Forces The Israel Defense Forces (IDF; he, צְבָא הַהֲגָנָה לְיִשְׂרָאֵל , ), alternatively referred to by the Hebrew-language acronym (), is the national military of the Israel, State of Israel. It consists of three servic ...

."THE ISRAELI CYBER COMPANY SNYK IS PREPARING FOR AN INITIAL PUBLIC OFFERING"
''Israel Financial Insider'', January 1, 2022"Israeli cybersecurity co Snyk raises $150m"
''Globes'', January 21, 2020 Podjarny started as CEO. Peter McKay, one of the first investors, succeeded him in July 2019. 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 Ottawa (, ; Canadian French: ) is the capital city of Canada. It is located at the confluence of the Ottawa River and the Rideau River in the southern portion of the province of Ontario. Ottawa borders Gatineau, Quebec, and forms the core ...

, Zurich and London. In 2020, it was listed as 39th in the '' Forbes'' Cloud 100. In November 2023, Snyk partnered with

SentinelOne 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. Nicholas Warn ...

Inc. to integrate Snyk's Developer Security Platform with SentinelOne's Singularity Cloud Workload Security platform to improve cloud security.

Acquisitions

Snyk acquired companies including DeepCode, Manifold, FossID and CloudSkiff. DeepCode provided what became Snyk Code, a product for

static application security testing Static application security testing (SAST) is used to secure software by reviewing the source code of the software to identify sources of vulnerabilities. Although the process of statically analyzing the source code has existed as long as computers ...

. Snyk Code is a cloud-based, AI-powered

code review Code review (sometimes referred to as peer review) is a software quality assurance activity in which one or several people check a program mainly by viewing and reading parts of its source code, and they do so after implementation or as an interru ...

platform that checks, tests, and debugs code. It uses machine learning to check for mistakes in code. The platform currently supports Apex, C#, C/ C++, Go, Java, JavaScript, Kotlin, PHP, Python, Ruby, Scala, Swift, TypeScript, and Visual Basic (.NET). FossID scans and looks for vulnerabilities in C/C++ applications and offers the capability to identify pieces of code copied from the internet, e.g., from Stackoverflow, which could contain vulnerabilities. CloudSkiff was known for its

open-source Open source is source code that is made freely available for possible modification and redistribution. Products include permission to use the source code, design documents, or content of the product. The open-source model is a decentralized sof ...

tool for drift detection (detection of changes in the outside environment which may invalidate software infrastructure configuration, database setup, etc.).

Financing

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 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 An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

in 2022. In January 2023,

ServiceNow Inc ServiceNow is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations. Founded in 2003 by Fred Luddy, ServiceNow is listed on t ...

. 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. In 2023, Snyk launched an app, Snyk AppRisk to help developers and teams collaborate with and monitor cybersecurity problems.

References

External links

* {{Official website, https://www.snyk.io/ Computer security companies Companies based in Boston American companies established in 2015 Israeli companies established in 2015