Fundraising Fox

Snyk

Unicorn · $8.5B

Boston, US · 42 known investors

Find your way into Snyk

226 people in our graph share verified history with the Snyk team — schools, employers, funds. One of them is your warm intro.

Ken Chenaultunlockedknows Guy Podjarny · together at International Business Machines (overlapped)
×3knows the team · via Tessl
×5knows the team · via International Business Machines
×3knows the team · via Akamai Technologies

Snyk is a developer-focused security platform that identifies and fixes vulnerabilities in code, dependencies, containers, and cloud infrastructure using AI-powered analysis. The company serves organizations of all sizes looking to integrate security into their software development process.

Also known as Snyk Limited

Founders & leadership

GPGuy Podjarny
Guy Podjarnyin𝕏FounderGuy Podjarny founded Snyk, a developer security platform, and currently serves as a board member. He is also founder of Tessl, a software development platform focused on AI integration.
PMPeter McKay
Peter McKayinExecutive
SDStephanie Dominy
Stephanie DominyinExecutive

Board

PBPhilippe Botteri
Philippe Botteriin𝕏Board directorPartner at Accel
MWMatthew Weigand
Matthew Weigandin𝕏Board directorInvestor at Accel
KF
Ken FoxBoard director

Investors · 42

Also in the syndicate · 4

QIA (Qatar Investment Authority)leadSands CapitalServiceNowleadTiger Global

Reported raises · per SEC filings

Form D private placements

$799.9M disclosed across 5 of 11 rounds · 2016–2023

$196.5MraisedDec 2022 · 8 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael ScarpelliDirector
  • Philippe BotteriDirector
  • Ping LiDirector
  • Zachary NelsonDirector
  • Guy PodjarnyDirector
  • Tamar YehoshuaDirector
  • Peter McKayDirector
  • Ken MacAskillExecutive Officer
  • Kathleen MurphyDirector
  • Sanjay PoonenDirector
Offering amount
$196.5M
Amount sold
$196.5M
First sale
Dec 2022
Incorporated
Other, United Kingdom
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$304.3MraisedSep 2021 · 49 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Stephanie DominyExecutive Officer
  • Ping LiDirector
  • Guy PodjarnyDirector
  • Peter McKayExecutive Officer, Director
  • Ken FoxDirector
  • Philippe BotteriDirector
  • Michael ScarpelliDirector
  • Tamar YehoshuaDirector
Offering amount
$304.3M
Amount sold
$304.3M
First sale
Sep 2021
Incorporated
Other, United Kingdom, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$24.1MraisedJun 2021 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Guy PodjarnyDirector
  • Ken FoxDirector
  • Michael ScarpelliDirector
  • Peter McKayExecutive Officer, Director
  • Ping LiDirector
  • Stephanie DominyExecutive Officer
  • Tamar YehoshuaDirector
  • Philippe BotteriDirector
Offering amount
$24.1M
Amount sold
$24.1M
First sale
Jun 2021
Incorporated
Other, United Kingdom, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$175MraisedMar 2021 · 14 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Peter McKayExecutive Officer, Director
  • Guy PodjarnyDirector
  • Matthew WeigandDirector
  • Philippe BotteriDirector
  • Ken FoxDirector
  • Stephanie DominyExecutive Officer
Offering amount
$175M
Amount sold
$175M
First sale
Mar 2021
Incorporated
Other, United Kingdom
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$100MraisedSep 2020 · 14 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Philippe BotteriDirector
  • Matthew WeigandDirector
  • Peter McKayExecutive Officer, Director
  • Stephanie DominyExecutive Officer
  • Guy PodjarnyDirector
  • Ken FoxDirector
Offering amount
$100M
Amount sold
$100M
First sale
Aug 2020
Incorporated
Other, United Kingdom
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$7.4Bvaluation at Series GDec 2022
filing ↗
$8.5Bvaluation at Series FSep 2021
filing ↗
$2.6BvaluationSep 2020
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Snyk Limited is a developer-oriented cybersecurity company headquartered in Boston, Massachusetts, that builds tooling to find and fix security vulnerabilities across custom-written code, open-source dependencies, container images, infrastructure as code and cloud configurations. Its core products include Snyk Open Source (open-source dependency vulnerabilities), Snyk Code (static application security testing), Snyk Container (container images and Kubernetes applications) and Snyk IaC (Terraform and Kubernetes misconfigurations), all reachable through the Snyk CLI, IDE plugins and CI/CD pipelines. The company maintains a vulnerability database recording security issues found in open-source libraries together with remediation guidance.

More recently Snyk has positioned its offering as an AI security platform, marketed as an independent validation layer that checks AI-generated code, governs development agents and secures AI-native applications, with integrations into AI coding assistants such as Claude Code, Cursor and Codex. In May 2025 it launched an AI Trust Platform aimed at reducing risk in AI applications, and it publishes research such as a state of agentic AI adoption report and a Forrester Total Economic Impact study of the platform.

Snyk distributes a substantial amount of open-source tooling through its GitHub organization, including the Snyk CLI, driftctl (infrastructure drift detection), an agent-scan security scanner for AI agents, MCP servers and agent skills, GitHub Actions, and plugins for Visual Studio, Visual Studio Code, IntelliJ-based IDEs and Eclipse.

Founding story

Snyk was founded in 2015 in Tel Aviv and London by Guy Podjarny, Danny Grander and Assaf Hefetz, all alumni of the Israel Defense Forces' Unit 8200 signals intelligence unit. Podjarny had been CTO of Akamai's web performance business unit after Akamai's 2012 acquisition of his startup Blaze.io, and previously worked at Sanctum, Watchfire and IBM, where he led the AppScan mobile security product; Grander had worked in security engineering at Skybox Security and as CTO at Gita Technologies, and Hefetz held a senior research role at Skycure. The company was initially conceived as a runtime instrumentation tool before pivoting to a SaaS platform for automated scanning of open-source dependencies, launching a beta at the Velocity Amsterdam conference in October 2015. The name derives from "sneak" and an Urban Dictionary entry for "so now you know."

Business model

Snyk sells its security platform to enterprises, offering a free self-service tier that developers can sign up for without a credit card alongside paid platform subscriptions; customers frequently consolidate multiple application security tools onto the platform.

Subscription-based sales of the Snyk security platform and its component products (Open Source, Code, Container, IaC, cloud and AI security), reported as annual recurring revenue.

Traction

More than 4,500 customers as of 2025 and over $300 million in annual recurring revenue, with Snyk Code contributing over $100 million. In 2022 the company reported more than 2,300 customers, 100% year-over-year revenue growth, net revenue retention above 130%, over 70% of customers using multiple platform elements, and customers fixing more than 5.1 million vulnerabilities and remediating over 11.5 million security issues. Reported revenue was $220 million in 2023 with a net loss of $176 million. The Snyk CLI repository has about 5,700 GitHub stars and the agent-scan project about 3,000.

Latest developments

In 2025 Snyk launched an AI Trust Platform (May 2025) and completed acquisitions of Invariant Labs and Probely; its current website markets an AI Security Platform covering AI-generated code, development agents and AI-native applications, alongside an open-source agent-scan tool for AI agents, MCP servers and agent skills and an experimental CLI agent mode for AI coding agents.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Described as a leader in the developer security category, with more than 4,500 customers as of 2025, over $300 million in annual recurring revenue and recognition including CNBC's 2022 Top Startups for the Enterprise, the 2022 Forbes Cloud 100 (#20) and 2022 Gartner Peer Insights Customers' Choice for Application Security Testing.

Snyk positions itself as a developer-first security vendor that embeds scanning and fix guidance directly into developer workflows (IDEs, CLI, CI/CD and AI coding assistants) rather than in separate security tooling, and markets itself as an independent validation layer across code, agents and AI-native applications; customers cite tool consolidation, faster scanning and integrated remediation.

Technology

The platform combines a proprietary open-source vulnerability database with static analysis, container and infrastructure-as-code scanning, and machine-learning-based code review from the acquired DeepCode technology. Snyk Code supports languages including Apex, C#, C/C++, Go, Java, JavaScript, Kotlin, PHP, Python, Ruby, Scala, Swift, TypeScript and Visual Basic (.NET). Delivery mechanisms include a TypeScript/Go command-line interface, a language server used by IDE plugins, GitHub Actions, a broker for connecting private services, and an experimental agent mode that runs Open Source, Code and Secrets scans in a single pass with compact output for AI coding agents.

Go-to-market

Bottom-up developer adoption through a free tier, open-source CLI and IDE/CI-CD integrations, combined with enterprise sales, live demos, analyst recognition, customer case studies and published research and events such as SnykLaunch and a security track at the AI Engineer World's Fair.

Software development and security teams at enterprises of all sizes, including large engineering organizations; named customers include Spotify, Salesforce, Google, Kroger, CVS Health, Okta, Comcast, AB InBev, Dun & Bradstreet, Manulife, Seismic, Komatsu, Skechers and Yalo.

Geography

Headquartered in Boston, Massachusetts, with offices in Tel Aviv, London, Ottawa, Zurich, Sydney, Bucharest and Cluj-Napoca, and a distributed global workforce of roughly 1,170 people as of September 2025.

History

Podjarny served as initial CEO; in July 2019 Peter McKay, one of the company's early investors and a board member, was named CEO effective September 1, 2019, with Podjarny becoming president and chairman of the board. Snyk moved its headquarters to Boston in 2019. It raised $3 million in 2016, a $7 million Series A in March 2018, $70 million in late 2019, $150 million in January 2020, $200 million at a $2.6 billion valuation in September 2020, a $300 million Series F at an $8.5 billion valuation in September 2021, and a $196.5 million Series G at a $7.4 billion valuation in December 2022; ServiceNow invested $25 million in January 2023. Bloomberg reported in December 2021 that the company was preparing for an IPO in 2022. In October 2022 the company laid off 14% of its workforce. Snyk has completed 12 acquisitions, including DeepCode (2020), Manifold (2021), FossID (2021, reacquired by its founders in 2022), CloudSkiff (2021), Fugue (2022), Probely (2024) and Invariant Labs (2025).

Risks & controversies

The company reported a net loss of $176 million on $220 million of revenue in 2023 and laid off 14% of its workforce in October 2022. A planned 2022 IPO reported by Bloomberg did not occur and the company remained privately held as of 2026; its Series G valuation of $7.4 billion was below the $8.5 billion valuation set in September 2021. FossID, acquired in May 2021, was reacquired by its original founders in September 2022.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual recurring revenueSep 2025$300M
CustomersSep 20254,500 customers
Customers using multiple platform elementsDec 202270%
EmployeesSep 20251,170 people
GitHub stars (Snyk CLI repository)Aug 20265,700 stars
Net incomeJan 2023−$176M
Net revenue retentionJan 2022130%
Public GitHub repositoriesAug 2026239 repositories
RevenueJan 2023$220M
Security issues remediated with SnykJan 202211,500,000 issues
Snyk Code annual recurring revenueSep 2025$100M
Total funding raisedJan 2025$1.1B
Vulnerabilities fixed by customersJan 20225,100,000 vulnerabilities
Year-over-year revenue growthJan 2022100%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 7

by search overlap
Netezza2931 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Sentinel One2403 shared keywordsSentinelOne provides an AI-powered cybersecurity platform for enterprises that integrates endpoint protection, threat detection, and incident response capabilities. The company serves large enterprises, including many Fortune 500 organizations, to protect against cyber threats at scale.
Palo Alto Networks2200 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.
Crowdstrike1914 shared keywordsCrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations. It combines automated response with human-led security operations including managed detection and response, threat hunting, and security services.
Wiz1837 shared keywordsWiz provides cloud security platform that identifies and removes critical risks across multi-cloud environments. The company offers a unified security layer for organizations to manage risks and accelerate business operations on major cloud providers.
Sonatype1764 shared keywordsSonatype provides software supply chain management and security solutions for managing open source software and AI dependencies. The company serves enterprise development teams by offering visibility, policy enforcement, and vulnerability management across the software development lifecycle.
Firefox,1762 shared keywordsMozilla is a global community organization that develops and maintains open-source internet infrastructure, including the Firefox web browser and Thunderbird email client, while advocating for internet openness, privacy, and user control. The organization also invests in responsible technology startups and creates open-source AI tools for developers.

Companies competing with Snyk for the same Google search keywords, organic and paid, via search-intersection analysis.

Acquisitions · 1

Early investors' stakes continue via these deals
Manifold

Manifold was a developer platform acquired by Snyk in January 2021; the company and its products have been shut down.

Timeline · 12

launches, deals, and filings
Jun 2025
Snyk acquires Invariant Labs

Acquisition of Invariant Labs, an AI security research firm working on safeguards against emerging AI threats; Forbes reported the deal brought Snyk's total acquisition count to 12.

source ↗

May 2025
Launch of the Snyk AI Trust Platform

Snyk launched its AI Trust Platform, intended to help teams reduce risk and secure AI applications.

source ↗

Nov 2024
Snyk acquires Probely

Acquisition of Probely, a Porto, Portugal-based startup focused on dynamic application security testing (DAST).

source ↗

Oct 2022
Snyk lays off 14% of workforce

The company cut 14% of its staff, as reported by Globes.

source ↗

Feb 2022
Snyk acquires Fugue

Acquisition of Fugue, a cloud security posture management (CSPM) provider; the technology was brought to general availability as Snyk Cloud.

source ↗

Jan 2022
Industry recognition in 2022

Named to CNBC's 2022 Top Startups for the Enterprise, ranked #20 on the Forbes Cloud 100 list, and named a 2022 Gartner Peer Insights Customers' Choice for Application Security Testing.

source ↗

Jan 2022
Inaugural SnykLaunch event

Snyk held its first SnykLaunch event, announcing general availability of Snyk Cloud (built on the Fugue acquisition) plus new supply chain security capabilities and enhanced reporting features.

source ↗

Oct 2021
Snyk acquires CloudSkiff

Acquisition of CloudSkiff, creators of the open-source driftctl infrastructure drift detection tool.

source ↗

May 2021
Snyk acquires FossID

Acquisition of FossID, which provided vulnerability scanning for C/C++ applications and identification of code snippets copied from the internet. FossID was reacquired by its original founders in September 2022.

source ↗

Jan 2021
Snyk acquires Manifold

Acquisition of Halifax-based Manifold, focused on software asset management.

source ↗

Sep 2020
Snyk acquires DeepCode

Acquisition of DeepCode, an ETH Zurich spin-off whose AI-powered code review technology became Snyk Code, a static application security testing product.

source ↗

Jul 2019
Peter McKay named CEO, Guy Podjarny becomes president and chairman

Peter McKay, one of Snyk's first investors and a board member, succeeded founder Guy Podjarny as CEO effective September 1, 2019; Podjarny became president and chairman of the board.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Snyk do?
Developer-focused security company whose platform scans code, open-source dependencies, containers, IaC and AI-generated code.
Who founded Snyk?
Snyk was founded by Guy Podjarny.
Who are Snyk's investors?
Snyk's investors include 2050 Capital, Accel, Alkeon Innovation, Amity Ventures, Amplify Partners, Atlassian Ventures, AUTHENTIC VENTURES, Axeleo Capital and 30 more.
How much funding has Snyk raised?
Snyk has disclosed $799.9M raised across 5 of its 11 known rounds.
Where is Snyk headquartered?
Snyk is headquartered in Boston, US.