Snyk is a

cybersecurity Computer security, cybersecurity (cyber security), or information technology security (IT security) is the protection of computer systems and networks from attack by malicious actors that may result in unauthorized information disclosure, th ...

company specializing in

cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over m ...

. It was founded in 2015 out of

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

and

Tel Aviv Tel Aviv-Yafo ( he, תֵּל־אָבִיב-יָפוֹ, translit=Tēl-ʾĀvīv-Yāfō ; ar, تَلّ أَبِيب – يَافَا, translit=Tall ʾAbīb-Yāfā, links=no), often referred to as just Tel Aviv, is the most populous city in the G ...

with headquarters in

Boston Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financ ...

History

Snyk was founded in 2015 by Guy Podjarny (

Hebrew Hebrew (; ; ) is a Northwest Semitic language of the Afroasiatic language family. Historically, it is one of the spoken languages of the Israelites and their longest-surviving descendants, the Jews and Samaritans. It was largely preserved ...

: גיא פודחרני), Assaf Hefetz (אסף חפץ), and Danny Grander, (דני גרנדר) coming from

Unit 8200 Unit 8200 ( he, יחידה 8200, ''Yehida shmone -Matayim''- "Unit eight - two hundred") is an Israeli Intelligence Corps unit of the Israel Defense Forces responsible for collecting signal intelligence (SIGINT) and code decryption. Military p ...

, a

SIGINT Signals intelligence (SIGINT) is intelligence-gathering by interception of '' signals'', whether communications between people (communications intelligence—abbreviated to COMINT) or from electronic signals not directly used in communication ...

unit of the Israel Defense Forces."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 ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'' 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 In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

-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 interr ...

platform that checks, tests, and debugs code. It uses

machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

to check for mistakes in code. The platform currently supports Apex, C#, C/ C++, Go,

Java Java (; id, Jawa, ; jv, ꦗꦮ; su, ) is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea to the north. With a population of 151.6 million people, Java is the world's mo ...

JavaScript JavaScript (), often abbreviated as JS, is a programming language that is one of the core technologies of the World Wide Web, alongside HTML and CSS. As of 2022, 98% of Website, websites use JavaScript on the Client (computing), client side ...

, Kotlin,

PHP PHP is a General-purpose programming language, general-purpose scripting language geared toward web development. It was originally created by Danish-Canadian programmer Rasmus Lerdorf in 1993 and released in 1995. The PHP reference implementati ...

, Python,

Ruby A ruby is a pinkish red to blood-red colored gemstone, a variety of the mineral corundum (aluminium oxide). Ruby is one of the most popular traditional jewelry gems and is very durable. Other varieties of gem-quality corundum are called sapp ...

, Scala,

Swift Swift or SWIFT most commonly refers to: * SWIFT, an international organization facilitating transactions between banks ** SWIFT code * Swift (programming language) * Swift (bird), a family of birds It may also refer to: Organizations * SWIFT ...

TypeScript TypeScript is a free and open source programming language developed and maintained by Microsoft. It is a strict syntactical superset of JavaScript and adds optional static typing to the language. It is designed for the development of large appl ...

, 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 In software, a stack overflow occurs if the call stack pointer exceeds the stack bound. The call stack may consist of a limited amount of address space, often determined at the start of the program. The size of the call stack depends on many facto ...

, 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 In predictive analytics and machine learning, concept drift means that the statistical properties of the target variable, which the model is trying to predict, change over time in unforeseen ways. This causes problems because the predictions beco ...

(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 The Qatar Investment Authority (QIA; ar, جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021 ...

led the next funding round in December 2022, with Snyk raising close to $200 million. In December 2021,

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ...

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 Open-source software (OSS) is computer software that is released under a license in which the copyright holder grants users the rights to use, study, change, and distribute the software and its source code to anyone and for any purpose. Ope ...

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