Snyk

Snyk

A technology company offering software development security platform using open source code.

Snyk is a technology company, and subsidiary of Heavybit, offering a software development security platform using open source code that is headquartered in London, England and was founded in 2015 by Assaf Hefetz, Danny Grander, and Guy Podjarny. The Snyk platform is made for developers to automatically detect and fix vulnerabilities associated with their open source code. Notable customers using Snyk include: Google, Microsoft, Salesforce, Skyscanner, MongoDB, The Guardian, Adobe, and ASOS.

Funding

Seed

On January 27, 2016 Snyk completed their seed funding round with $3 million in funding from Boldstart Ventures (lead investor), Canaan Partners, Gil Dibner, and Theo Schlossnagle.

Series A

On March 6, 2018 Snyk completed their series A funding round with $7 million in funding from Canaan Partners (lead investor), Boldstart Ventures (lead investor), Heavybit, FundFire, Peter Mckay, and Gil Dibner.

Series B

On September 25, 2018 Snyk completed their series B funding round with $22 million in funding from Accel (lead investor), Heavybit, GV, and Boldstart Ventures.

Series C

On September 9, 2019 Snyk completed their series C funding round with $70 million in funding from GV, Boldstart Ventures, and Accel.

Timeline

January 21, 2020

Snyk raises $150 million in funding round led by Stripes with participation from Coatue Management, Tiger Global Management, Boldstart Ventures, Trend Forward Capital, Amity Ventures and Salesforce Ventures.

January 21, 2020

Snyk raises a $150,000,000 series C round from Salesforce Ventures, Tiger Global Management, BoldStart Ventures, Trend Forward Capital, Amity Ventures and Coatue Management.

September 10, 2019

Snyk announces that it has raised $70 million funding.

September 2019

Snyk raises a $70,000,000 series C round from BoldStart Ventures, GV, Accel Partners and Accel.

September 2018

Snyk raises a $22,000,000 series B round from BoldStart Ventures, GV, Accel and Heavybit.

March 2018

Snyk raises a $7,000,000 series A round from Peter McKay, BoldStart Ventures, Canaan Partners, FundFire and Heavybit.

January 27, 2016

Snyk raises a $3,000,000 seed round.

2015

Snyk was founded by Guy Podjarny, Danny Grander and Assaf Hefetz.

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Snyk $22M Series B: Thanks to our community! | Snyk

Guy Podjarny

Web

September 25, 2018

Snyk Raises $70M to Accelerate Dev-first Security | Snyk

Web

September 9, 2019

Snyk snares $7 million investment to help developers secure open source code

Ron Miller

Web

March 6, 2018

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Ron Miller
January 21, 2020
TechCrunch
Snyk, the company that wants to help developers secure their code as part of the development process, announced a $150 million investment today. The company indicated the investment brings its valuation to over $1 billion (although it did not share the exact figure). Today's round was led by Stripes, a New York City investment firm [...]
Ingrid Lunden
September 10, 2019
TechCrunch
A growing number of IT breaches has led to security becoming a critical and central aspect of how computing systems are run and maintained. Today, a startup that focuses on one specific area -- developing security tools aimed at developers and the work they do -- has closed a major funding round that underscores the [...]

References

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