What is Snyk?
The developer-first AI security platform for finding and fixing vulnerabilities across code, dependencies, containers, and cloud infrastructure.
- Category
- Developer Security / AST
- Headquarters
- Boston, MA
- Founded
- 2015
- Employees
- ~1,200
- Total Funding
- $1.32B
- Latest Valuation
- $7.4B (Series G, Dec 2022)
What is Snyk?
Snyk is a developer-first application security platform that helps engineering teams find, prioritize, and fix security vulnerabilities in code, open-source dependencies, containers, and cloud infrastructure — integrated directly into the tools developers already use. Founded in 2015 and headquartered in Boston, Snyk serves over 4,500 organizations worldwide and reached $326M in annual recurring revenue as of February 2026, establishing itself as the dominant brand in developer-led security.
Snyk's platform spans five core security disciplines: static application security testing (SAST) via Snyk Code, software composition analysis (SCA) via Snyk Open Source, container image scanning, infrastructure-as-code security, and dynamic application security testing (DAST) via Snyk API & Web. Each product integrates natively into IDEs (VS Code, JetBrains), CI/CD pipelines (GitHub, GitLab, Jenkins, CircleCI), and source control systems, so vulnerabilities are surfaced and fixed at the point of coding rather than discovered late in the development cycle.
In 2025, Snyk significantly expanded its AI-native product surface. Snyk Studio — AI-generated code security guardrails integrated natively into Claude Code, Cursor, and Devin workflows — is deployed across 300+ enterprise customers. In October 2025, Snyk launched Evo, billed as the world's first agentic security orchestration system, built on the Snyk AI Trust Platform to govern and protect AI-native applications through autonomous discovery, testing, and policy enforcement. In June 2025, Snyk acquired Invariant Labs AG (an ETH Zurich spin-off specializing in LLM and AI agent guardrails), marking its twelfth acquisition and establishing a new internal research function called Snyk Labs.
Named enterprise customers include Snowflake, Okta, Spotify, Atlassian, Twilio, Revolut, and ICE/NYSE. Snyk is recognized as a Leader in the 2025 Gartner Magic Quadrant for Application Security Testing — one of multiple Leaders in a quadrant that also includes Checkmarx, Veracode, and Black Duck. The global application security testing market is estimated at approximately $13–15B in 2025, expanding toward $55B by 2029 at a double-digit CAGR.
What does Snyk offer?
Snyk offers a multi-product developer security platform spanning SAST, SCA, container security, IaC security, DAST, and AI-native security tooling including Snyk Studio and Snyk Evo.
- Snyk Code (SAST)· Code Security
- Snyk Open Source (SCA)· Dependency Security
- Snyk Container· Container Security
- Snyk Infrastructure as Code· Cloud Security
- Snyk API & Web (DAST)· Runtime Security
- Snyk Studio· AI Code Security
- Snyk Evo (Agentic Security)· Agentic Security
- Snyk AI Trust Platform· AI Security
- IDE Integrations (VS Code, JetBrains)· Developer Tooling
- CI/CD Pipeline Integration· Developer Tooling
- Vulnerability Database· Intelligence
- License Compliance· Open Source Governance
- Kubernetes Security· Container Security
How does Snyk make money?
Snyk generates revenue through a per-contributing-developer SaaS subscription model with four tiers — Free, Team, Business/Ignite, and Enterprise — layered across its five core product lines. Growth is driven by seat expansion as development teams grow, multi-product activation, and increasing enterprise contract sizes. Net revenue retention has historically exceeded 130%, with an enterprise target range of 125–135%.
The Free tier allows individual developers and small teams to access core scanning with limited scans per month at no cost — a deliberate product-led growth motion that drives bottom-up enterprise adoption. The Team tier is priced at $25 per contributing developer per month for up to 10 developer licenses; teams beyond that threshold move to Enterprise contracts. A Business/Ignite tier aimed at mid-market teams of up to 100 developers is priced at approximately $52–$98 per developer per month depending on products and commitment term. Enterprise pricing is fully custom and typically negotiated at $4,000–$7,000+ per month for 50 developers across all products, with meaningful multi-year and volume discounts.
"Contributing developer" is defined as anyone who committed code to a private repository in the prior 90 days, which creates natural contract expansion as engineering teams grow without requiring active upsell. Product breadth drives additional expansion: a customer who starts with Snyk Open Source (SCA) frequently expands to Snyk Code (SAST), Snyk Container, and AI security modules. Snyk Code passing $100M in ARR in October 2024 — growing 150% year-over-year — confirmed the AI-native SAST module as a meaningful second revenue pillar, representing approximately 40% of total ARR by early 2026.
At baseline pricing of roughly $300 per developer per year and a global developer population of approximately 47 million, Snyk's internal bottom-up TAM estimate reaches $14B. As of February 2026, total ARR stands at $326M (up 7% year-over-year from $322M at end of 2025), reflecting a deliberate shift toward improving unit economics — losses reduced by roughly one-third while revenue grew approximately 50% year-over-year in 2024 — as the company prepares for a potential IPO. Gross margins are approximately 80%, and cash on hand is approximately $435M.
Who leads Snyk?
Snyk is led by Interim CEO Ken MacAskill following Peter McKay's departure in February 2026. Founder Guy Podjarny rejoined as Board Chairman. Danny Allan serves as CTO (joined February 2024 from Veeam) and Manoj Nair serves as Chief Innovation Officer. The founding team — Podjarny, Danny Grander, and Assaf Hefetz — built Snyk out of a shared background in Israeli cybersecurity and enterprise software.
- Guy PodjarnyCo-Founder & Board Chairman2015–present (Chairman since March 2026)Former VP/CTO at Akamai (via Blaze Software acquisition); served as founding CEO until 2019, President until early 2025, and rejoined the board as Chairman in March 2026 following Peter McKay's departure.
- Danny GranderCo-Founder2015–2021Former CTO at Gita Technologies (acquired by Verint); led early security research and product architecture at Snyk before departing in 2021.
- Assaf HefetzCo-Founder2015–presentFormer Director of Innovation at Supercom; part of the original founding team alongside Podjarny and Grander, remains involved with the company.
- Ken MacAskillInterim CEO & CFO2023–present (Interim CEO from Feb 2026)CPA with deep enterprise software CFO experience including Watchfire, Desktone, Blaze, and Veeam; expanded to Interim CEO in February 2026 following Peter McKay's departure as the board searches for a permanent AI-savvy replacement.
- Danny AllanChief Technology OfficerFebruary 2024–presentVeeam veteran with 20+ years in technology leadership at Veeam, VMware, and IBM Research; joined Snyk in February 2024 and leads the technical product roadmap alongside Brian Rogan (EVP Engineering).
- Manoj NairChief Innovation Officer2022–presentFormer Chief Cloud Officer at Commvault and co-founder/CEO of HyperGrid; leads Snyk's Emerging Technologies and Solutions Office and drives the agentic AI security roadmap including Snyk Evo and Snyk Labs.
- Tom NielsenChief Revenue Officer2022–presentOver 20 years in enterprise software sales; previously held revenue leadership at Yext, New Relic, TIBCO, and Oracle.
- Brian RoganEVP Engineering2024–presentJoined alongside Danny Allan; leads engineering execution globally across Snyk's product lines.
How do you contact Snyk's leadership?
Snyk's verified email format is firstname.lastname@snyk.io, used by approximately 95% of staff per RocketReach and LeadIQ. Official published addresses include press@snyk.io for media inquiries. Individual executive emails below follow the verified pattern and are not personally published by the executives.
firstname.lastname@snyk.ioHow much funding has Snyk raised?
Snyk has raised approximately $1.32 billion in total equity funding across 17 rounds. The last disclosed valuation was $7.4 billion set during the December 2022 Series G. The peak valuation was $8.5 billion (Series F, September 2021). As of mid-2026, Snyk is private with approximately $435M in cash and is preparing for a potential IPO, having declined multiple private equity acquisition offers in 2025.
Snyk's funding arc begins with a $3M Seed round in January 2016 led by Boldstart Ventures. A $7M Series A followed in 2017, and a $22M Series B in September 2018 led by Accel with participation from GV (Google Ventures) and Boldstart. In September 2019, Accel and GV co-led a $70M Series C, bringing total raised to $102M and funding international expansion and multi-language support beyond Node.js.
In September 2020, Snyk closed a $200M Series D led by Addition at a $2.6B valuation — its first unicorn-tier round — simultaneous with the acquisition of Swiss AI code analysis startup Deepcode (which became Snyk Code). In March 2021, Tiger Global and Accel co-led a $300M Series E at a $4.7B valuation, nearly doubling the prior valuation in six months. Six months later, in September 2021, Sands Capital and Tiger Global co-led the $530M Series F at an $8.5B peak valuation with participation from Baillie Gifford, Lone Pine Capital, T. Rowe Price, Whale Rock Capital, and Coatue — total raised reached approximately $1.1B.
In December 2022, the Qatar Investment Authority (QIA) led a $196.5M Series G at $7.4B — a 14% step-down from the 2021 peak, reflecting the broader growth-stage valuation compression. New co-investors included Evolution Equity Partners, G Squared, and Irving Investors. In January 2023, ServiceNow made a $25M strategic investment as an extension of the Series G round, signaling product integration intent. Snyk declined multiple below-market PE acquisition proposals in 2025 (reportedly below $3B), and as of mid-2026 holds $435M in cash with a path toward cash flow positivity. Secondary market trading suggests a current implied valuation meaningfully below the $7.4B Series G reference price, though no new primary round has been disclosed.
How did Snyk get here?
Snyk was founded in 2015 by three technologists with roots in Israeli cybersecurity and enterprise software. It grew from a free CLI tool to a multi-product developer security platform through organic product expansion, strategic acquisitions, and successive venture rounds that peaked at an $8.5B valuation — before resetting and pivoting toward AI-native security and IPO readiness.
- July 2015Founded in London & Tel AvivGuy Podjarny, Danny Grander, and Assaf Hefetz co-found Snyk with a mission to empower developers to write secure code. The company is registered in London as Snyk Limited.
- October 2015First Product LaunchThe free Snyk CLI tool launches at Velocity Amsterdam, generating approximately 1,000 downloads by December 2015 and establishing the developer-first go-to-market motion.
- January 2016Seed Round — $3M (Boldstart Ventures)Boldstart Ventures leads the $3M seed round; Snyk begins building its first commercial integrations for Node.js and npm vulnerability scanning.
- September 2018Series B — $22M (Accel, GV)Accel leads a $22M Series B with GV and Boldstart; Snyk expands language support to Java, Python, and Ruby, broadening its SCA coverage beyond Node.js.
- September 2019Series C — $70M (Accel, GV)Accel and GV co-lead a $70M Series C, bringing total raised to $102M. International expansion begins and Snyk passes 100,000 developer users.
- September 2020Deepcode Acquisition & Series D — $200M / $2.6BSnyk acquires Swiss AI SAST startup Deepcode (ETH Zurich connection) to power Snyk Code; raises $200M Series D led by Addition at a $2.6B valuation — its first unicorn round.
- March 2021Series E — $300M / $4.7B (Tiger Global, Accel)Tiger Global and Accel co-lead a $300M Series E, more than doubling the prior valuation to $4.7B. Major enterprise sales motion accelerates.
- September 2021Series F — $530M / $8.5B — Peak ValuationCo-led by Sands Capital and Tiger Global with 14+ investors including Baillie Gifford, T. Rowe Price, and Lone Pine Capital. Snyk reaches its highest-ever $8.5B valuation. Total raised crosses $1B.
- December 2022Series G — $196.5M / $7.4B (QIA)Qatar Investment Authority leads a $196.5M Series G at $7.4B — a 14% step-down from the 2021 peak. Evolution Equity Partners, G Squared, and Irving Investors join as new investors.
- January 2023Strategic Investment — $25M from ServiceNowServiceNow makes a $25M strategic investment as a Series G extension, signaling product integration intent between Snyk security data and the ServiceNow workflow platform.
- October 2024Snyk Code Passes $100M ARRSnyk Code (SAST) surpasses $100M in annual recurring revenue, growing 150% year-over-year. The milestone confirms AI-native SAST as a second major revenue pillar, representing roughly a third of total ARR.
- June 2025Invariant Labs AcquisitionSnyk acquires Invariant Labs AG, an AI security research spin-off of ETH Zurich, to accelerate agentic AI security capabilities. The deal establishes Snyk Labs as a new internal research function focused on emergent AI threats.
- October 2025Snyk Evo Launch — Agentic Security OrchestrationSnyk launches Evo, the world's first agentic security orchestration system, built on the Snyk AI Trust Platform to autonomously discover, test, govern, and protect AI-native applications across the full SDLC.
- February 2026CEO Transition — Peter McKay Steps DownPeter McKay departs after roughly seven years as CEO, citing the need for AI-native leadership. CFO Ken MacAskill becomes Interim CEO; founder Guy Podjarny rejoins the board as Chairman. A search for a permanent CEO with AI expertise is underway.
Who are Snyk's competitors?
Snyk competes across SAST, SCA, container security, and DAST against both legacy enterprise AppSec vendors and newer cloud-native platforms. Its strongest competition comes from Checkmarx and Veracode in the enterprise, GitHub Advanced Security in the developer workflow, SonarQube in the open-source space, and Wiz in the cloud security overlay.
- CheckmarxEnterprise AppSec platform (Checkmarx One) with deep SAST capabilities and a seventh consecutive Leader placement in the 2025 Gartner MQ for AST. Broader compliance focus but less developer-native than Snyk and generally perceived as heavier to deploy.
- VeracodeLegacy enterprise AppSec vendor offering SAST, DAST, and SCA; also named a 2025 Gartner MQ Leader. Stronger in regulated industries (financial services, defense) but slower developer integration than Snyk.
- GitHub Advanced SecurityNative security features bundled into GitHub Enterprise (CodeQL SAST, secret scanning, Dependabot SCA); lower per-seat cost for GitHub-native organizations but limited to GitHub repositories and less feature-rich than Snyk across container and IaC.
- SonarQube / SonarCloudOpen-source code quality and security scanner with a large self-hosted community; strong on code quality (bugs, code smells) but less comprehensive on SCA, container, and IaC than Snyk.
- WizCloud security titan that started in CSPM/CWPP and has expanded aggressively into code and software supply chain security via acquisitions; strongest in cloud posture and runtime risk but less mature in SAST/SCA than Snyk.
- OX SecurityPioneered the Active ASPM category with end-to-end software supply chain visibility and workload-based pricing; competes with Snyk in the ASPM overlay market for enterprises managing multiple security tools.
Snyk — frequently asked questions
