Snyk

Company Overview

Snapshot

Founded in July 2015 by Assaf Hefetz, Snyk operates with over 1,000 employees. The company has raised a total of $1.58 billion across 12 funding rounds from 32 investors.

Business overview

Snyk develops developer security solutions, enabling developers to build secure applications and empowering security teams to address the demands of the digital landscape. Its core technology focuses on a developer-first approach to secure critical application components from code to cloud. Snyk serves various industries by enhancing developer productivity, driving revenue growth, improving customer satisfaction, and strengthening overall security posture. The company operates within the Cyber Security sector, specializing in Application & Website Security, leveraging Artificial Intelligence and Software platforms.

Strategic signal

In June 2026, Snyk announced layoffs impacting 90 employees, with a significant reduction in its Israeli R&D center. This restructuring is attributed to a shift in operations abroad and increased competitive pressure from AI-based solutions, particularly following a recent code scanning software update in February. This signals a strategic realignment to optimize operations and adapt to evolving market dynamics and AI-driven competition.

Company Intelligence Q&A

What was a significant recent strategic acquisition by Snyk?

In June 2025, Snyk acquired Invariant Labs, an AI security pioneer, to enhance its capabilities in AI safeguards.

What was Snyk's financial performance in 2024?

In October 2024, Snyk reported a 33% reduction in losses, totaling $176 million, with its revenue reaching $220 million.

What was Snyk's most recent acquisition in the API security space?

In November 2024, Snyk acquired Probely to expand its API security testing capabilities.

What was Snyk's recent move to enhance cloud-to-code risk visibility?

In January 2024, Snyk acquired cyber startup Helios for several tens of millions of dollars to boost its cloud-to-code risk visibility.