Snyk

Cybersecurity for open source software vulnerabilities

Boston, Massachusetts, United States

About Snyk

Snyk specializes in cybersecurity for software-driven businesses, focusing on open source security. Its platform helps developers identify and fix vulnerabilities in their code through a dependency scanner that detects issues in open source dependencies and container images. Snyk stands out by integrating seamlessly into existing development workflows, allowing for quick development without sacrificing security. The company's goal is to enable businesses to develop software rapidly while ensuring it remains secure and compliant.

Boston, MassachusettsHeadquarters
2015Year Founded
$1,545.7MTotal Funding
LATE_VCCompany Stage
Enterprise Software, CybersecurityIndustries
1,001-5,000Employees

Benefits

Flexible Work Hours
Unlimited Paid Time Off
Health Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan

Risks

Delaying IPO may lead to investor impatience and confidence issues.
Integration challenges from multiple acquisitions could distract from core operations.
Workforce reduction by 10% might impact morale and innovation.

Differentiation

Snyk's developer-first approach integrates security seamlessly into development workflows.
The platform's focus on open source security addresses a critical market need.
Snyk's comprehensive toolset supports both small startups and large enterprises.

Upsides

Snyk's ARR reached $300 million, indicating strong financial growth.
Strategic acquisitions like DeepCode enhance Snyk's product offerings and revenue.
Partnerships with AWS expand Snyk's integration capabilities and market reach.