Snyk provides a security platform embedded into developer workflows to detect and remediate vulnerabilities across source code, open-source libraries, containers and cloud infrastructure. Its approach centers on developer ergonomics: automated scanning, prioritized fixes, and remediation guidance that fits into CI/CD pipelines and IDEs. Snyk’s product suite spans SCA (software composition analysis), SAST, container security and IaC checks helping engineering teams shift-left and reduce time-to-fix. With enterprise controls and reporting, Snyk serves both developers and security teams across rapid engineering organizations.
What Is Snyk and What Does It Do?
Snyk, founded in 2015, is a Boston-based (United States) cybersecurity and developer security platform focused on protecting software across development pipelines. The company employs 1,444 people and integrates security testing into developer tools to automatically find and remediate vulnerabilities in code, dependencies, containers and cloud configs. Snyk emphasizes speed and automation so engineering teams can maintain velocity while reducing security debt.
How Much Funding Has Snyk Raised?
1. Series G (2024 / 2023 / 2022 tranches)
- Amount Raised: Multiple tranches (e.g., $25M on Apr 10, 2024; $25M on Jan 19, 2023; $196M on Dec 12, 2022)
- Date: 2022–2024
- Lead Investors: Institutional & corporate participants including ServiceNow / corporate partners in some tranches.
- Motivation: M&A capability, global expansion, product breadth.
2. Series F (2021 tranches)
- Amount Raised: $397M (Sep 2, 2021) and other Series F activity earlier in 2021
- Date: 2021
- Lead Investors: Sands Capital, Tiger Global, Lone Pine Capital, Accel, others
- Motivation: Rapid scale, go-to-market and product expansions.
3. Series E / D / earlier rounds
- Amount Raised: Multiple earlier rounds (Series E and D including $200M in Sep 2020, various 2019–2020 activity)
- Date: 2019–2020
- Lead Investors: Accel, Addition, Tiger Global, Google Ventures (participants)
- Motivation: Product maturity and enterprise adoption.
Total Funding Raised: $1.32 Billion
Current Valuation: $3.3B (as of Jul 10, 2023)
Latest Funding Date: April 10, 2024 (most recent tranche reported)
Key Investors
1. T. Rowe Price
- Details: Large institutional investor participating in growth rounds.
- Investment Focus Areas: Enterprise SaaS, security.
- Notable Investments: CrowdStrike, other software leaders.
2. Baillie Gifford
- Details: Long-term oriented growth investor backing tech and AI.
- Investment Focus Areas: High-growth tech companies.
- Notable Investments: Tesla (example), other growth-stage tech.
Where Is Snyk’s Headquarters?
Snyk is headquartered in Boston, United States, with global offices to support enterprise customers and R&D.
What’s Next for Snyk?
Snyk will expand platform coverage (supply-chain risk, cloud-native security), accelerate M&A to broaden capabilities, and continue deep integrations across developer tools to make security seamless for engineering teams.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Snyk. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
