Snyk provides a platform for enterprises to secure their cloud-native and container applications which includes tools for developers that allow them to find vulnerabilities in their open-source and application codes used to develop cloud-native applications.
Snyk intends to break even by 2024 and go public in the future.
In June 2023, the firm acquired cloud application observability platform Enso for an undisclosed sum. Snyk planned to integrate Enso into its developer security platform, giving developers full visibility of their applications throughout the development lifecycle.
Key customers and partnerships
As of January 2023, Synk served more than 2,500 customers globally. Notable customers include Asurion, Google, Intuit, MongoDB, New Relic, Revolut, and Salesforce.
Funding and financials
In January 2023, the company secured an undisclosed amount from ServiceNow. The funds were utilized to enhance its developer security platform.
In 2022, Snyk achieved a 100% YoY increase in revenue and an over 130% increase in net revenue retention. It also reported that it tripled in size and its employee headcount rose from 400 to 1,200.
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