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Snyk: Empowering developers with vulnerability detection and remediation tools

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    A deep dive into Snyk's financials, product, competitive environment, market opportunities and risks...
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        Sacra estimates that Snyk's annual recurring revenue (ARR) hit USD 250 million in 2023, up 25% from USD 200 million in 2022. At the end of 2022, Snyk had a net retention rate of 130%, a gross retention rate of 90%, and a headcount of 1,135 full-time employees for an average revenue per employee of USD 129,515.
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        Roughly 60% of Snyk's revenue comes from software and tech companies and 10% from FinTechs. North America contributes to 70% of its revenue, followed by Europe at 17%.
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        Snyk's core product offering has evolved into a comprehensive developer security platform, including Snyk Open Source, Snyk Container, Snyk Infrastructure as Code, Snyk Code, Snyk Cloud, and Snyk Vulnerability Database. The company's pricing strategy is built on a freemium model, with tiered plans offering increasing functionality and support.
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        Snyk competes in the rapidly evolving developer security tools market, facing competition across multiple segments. Key competitors include traditional application security testing companies like Synopsys, Checkmarx, and Veracode and container and infrastructure security vendors like Aqua Security and Palo Alto Networks.
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        Cloud companies win big in the new normal
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        FinTech becomes a key highlight
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        Benchmarking the Cloud 100 winners with closest peers
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Snyk: Empowering developers with vulnerability detection and remediation tools

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Snyk: Empowering developers with vulnerability detection and remediation tools

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