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 Amity Ventures, BoldStart Ventures, Coatue Management, Salesforce Ventures, Tiger Global Management and Trend Forward Capital.
January 21, 2020
Snyk raises a $150,000,000 series B round from Stripes.
September 10, 2019
Snyk announces that it has raised $70 million funding.
September 2019
Snyk raises a $70,000,000 series C round from Accel, Accel Partners, BoldStart Ventures and GV.
September 2018
Snyk raises a $22,000,000 series B round from Accel, BoldStart Ventures, GV and Heavybit.
March 2018
Snyk raises a $7,000,000 series A round from BoldStart Ventures, Canaan Partners, FundFire, Heavybit and Peter McKay.
January 27, 2016
Snyk raises a $3,000,000 seed round.
2015
Snyk was founded by Assaf Hefetz, Danny Grander and Guy Podjarny.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Snyk funding round, January 2020
150,000,000
January 21, 2020
6 Results
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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
Mars W. Mosqueda Jr.
March 10, 2021
DealStreetAsia
US venture capital firms Accel and Tiger Global co-anchored the funding round.
Jonathan Shieber
March 11, 2021
TechCrunch
Snyk, a developer of application security technology, is now worth $4.7 billion after a new fundraising and secondary sale that totaled $300 million. In all, investors have poured $470 million into the company after this new investment, which was led by Accel and Tiger Global, with participation from a host of existing investors including Addition, [...]
Snyk
March 10, 2021
www.prnewswire.com:443
/PRNewswire/ -- Snyk, the leader in cloud native application security, today announced that the company has closed a Series E financing, totaling $300 million....
Isabelle Kirkwood
January 28, 2021
BetaKit
Over the past few weeks, four Canadian tech startups have been involved in acquisitions, including Manifold, Navotar, ShipperBee, and FranchiseBlast.
Jeff Elder
November 14, 2020
Business Insider
Here's a look at the 10 cybersecurity startups that have raised the most venture capital, including Netskope, Snyk, Auth0, and Cybereason.
Natasha Lomas
September 24, 2020
TechCrunch
Switzerland-based machine learning code review startup DeepCode -- which bills itself as 'Grammarly for coders' -- has been acquired by Snyk, a post-unicorn valuation cybersecurity startup which is focused on helping developers secure their code. Financial terms of the deal have not been disclosed. But the 'big code' parsing startup had only raised around $5.2M [...]
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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