Snyk
Category: AI in Cybersecurity
Developer-first AI security platform that finds and fixes vulnerabilities in code, dependencies, containers, cloud infrastructure, and AI-generated code and AI agents. Snyk was founded in 2015. The company is led by Ken MacAskill (Interim CEO). Based in Boston, United States. Team size: 500+. Total funding raised: $972M. Key investors include Accel, Tiger Global, Boldstart Ventures, GV, Sapphire Ventures.
- Founded
- 2015
- Headquarters
- Boston, United States
- Team size
- 500+
- Total funding
- $972M
Value proposition
Helps organizations build software fast and stay secure in the age of AI. Developer-native tooling plus AI-powered engines (DeepCode AI, Evo) find and fix security issues across code, open-source dependencies, containers, IaC, APIs, and AI agent workflows.
Products and solutions
Snyk Code (SAST), Snyk Open Source (SCA), Snyk Container, Snyk IaC, Snyk API & Web (DAST, from the Probely acquisition), Snyk Secrets, DeepCode AI, Evo (agentic development security, AI-SPM, continuous offensive security), Secure AI-Generated Code, Snyk Vulnerability Database, Snyk Learn
Unique value
Developer-first security embedded directly into IDEs, repos, and CI/CD pipelines, with a proprietary vulnerability database and AI-native engines that secure both human-written and AI-generated code as well as AI agents.
Target customer
Enterprise and mid-market software development and security teams. Free and Team plans serve individual developers and SMBs. The company had 4,744 customers at the end of 2025.
Industries served
Cross-industry software development, including technology, financial services, consumer goods, logistics, and enterprise SaaS
Technology advantage
Large developer adoption and a proprietary vulnerability intelligence database. The DeepCode AI hybrid symbolic/ML engine supports code analysis and auto-fix. Snyk is building AI agent security research (MCP vulnerabilities, tool poisoning) through the June 2025 acquisition of Invariant Labs, and covers code, dependencies, containers, IaC, and DAST on one platform.
How they differentiate
Developer-first UX and integrations, compared with security-team-centric SAST incumbents such as Checkmarx and Veracode. Broader multi-language and multi-SCM coverage than GitHub Advanced Security. A dedicated AI security platform (Evo, AI-SPM, AI agent security) aimed at securing AI-generated code and agentic workflows.
Main competitors
Checkmarx, Veracode, GitHub Advanced Security, Wiz (Wiz Code), Aikido Security
Key partnerships
Atlassian (integrates Snyk vulnerability insights), acquisitions of Invariant Labs (Zurich, AI agent security, 2025), DeepCode (AI code analysis), and Probely (DAST)
Notable customers
Google, Anheuser-Busch InBev, Atlassian, Smartsheet, DFDS
Major milestones
2015: founded in London and Tel Aviv by Guy Podjarny and co-founders. 2020: reached unicorn status. Sep 2021: raised a $530M Series F at an $8.5B valuation. Dec 2022: raised a $196.5M Series G at a $7.4B valuation. Jun 2025: acquired Invariant Labs. Mar 2026: Guy Podjarny returned as Chairman. 2026: CEO Peter McKay stepped down and CFO Ken MacAskill became interim CEO.
Growth metrics
2025 revenue was $309.2M, up 11% from $278.4M in 2024; revenue had grown 50% in 2023. Operating loss was $202.7M and net loss $197.9M. Customer count rose 6% to 4,744. Year-end 2025 headcount was 990 employees (average monthly headcount 1,084). Total cash and investments were $367.8M at the end of 2025.
Market positioning
Late-stage private application security unicorn (valued at $8.5B in 2021 and $7.4B in 2022) repositioning as 'The AI security company'. Revenue was $309.2M in 2025, but growth has slowed to 11% and operating losses are around $200M.
Geographic focus
Global. The US generates 65% of revenue and the UK 8%. Hubs in Boston, London, Tel Aviv, San Francisco, Singapore, Sydney, Tokyo, Zurich, Ottawa, Lisbon, Bucharest, and Cluj.
Patents and IP
Public patent records include US11755460B2, 'Identifying flawed dependencies in deployed applications,' granted September 12, 2023; original assignee Snyk Ltd; inventors Guy Podjarny and Assaf Hefetz.
About Ken MacAskill (Interim CEO)
Snyk CFO before becoming interim CEO in 2026; CPA; former finance roles at high-growth venture-backed enterprise software companies including Watchfire (acquired by IBM), Desktone (acquired by VMware), Blaze (acquired by Akamai), and Veeam.
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Official website: https://snyk.io