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“Develop fast. Stay secure” |
Founded: 2015 London, UK
Category: Cybersecurity Primary office: London (UK) Additional offices: Tel Aviv (Israel), London (UK), Ottawa (CA), Santa Clara (US), Boston (US) Status: Private Employees: 300+ Amount raised: $252 million (5 rounds – January 2020) |
OVERVIEW
PERFORMANCE METRICS
ACHIEVEMENTS
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Sells
- Snyk open source – open source security management – automatically detect open source vulnerabilities and accelerate repair throughout development process
- Snyk container
- Snyk intel vulnerability DB access
- Snyk license compliance management
- Pricing is tiered – free (constrained functionality), standard (up to 25 developers), pro (50 developers), enterprise (up to 150 developers)
Channels
- Conferences (e.g., DockerCon)
- Website – free access to products
- Partners (building a community to make open source usage secure)
- Resellers
Competencies
- Identification, documentation, database of open source vulnerabilities
- Developer-first tooling and best in class security depth
- Snyk scans developer code repositories in, for example, GitHub, GitLab or BitBucket, to identify vulnerabilities or license violations using a massive database of vulnerabilities
- Data science, machine learning, artificial intelligence
Resources
Assets
- Massive database of vulnerabilities (maintained by security teams in London and Tel Aviv
- Connectivity with developer code repositories and the ability to scale for vulnerabilities
- Data science, AI algorithms
- Snyk/Docker partnership to secure containerized applications
- APIs to enable connectivity with third-party products and applications
Processes
- Developer-first tooling and best in class security depth enabling companies to easily build security into their continuous development process
- Continually monitors source code before, during and after an application ships – reduces deployed vulnerabilities and helps identify those that were missed; continuous monitoring allows for raising alerts when new disclosed vulnerabilities may negatively impact a customer
- Products act as an additional, automated line of cyber defence – contextualized within a devOps framework and thereby supporting scalability
- Artificial intelligence and machine learning used for vulnerability intelligence and capture developer insights, thereby improving Snyk’s automated fixes
Priorities
- Evolve product development
- Global expansion
Assertions That Best Describe What the Company Did to Scale Early, Rapidly & Securely
- Develop and sell products that address a problem, job to be done or a need that is widespread, growing, important, urgent, and manifests itself in diverse ways
- Use scientific and technological advances to develop innovative offers
- To defend against automated cybersecurity campaigns, apply automated detection, response and remediation
- Combine company resources with those of other resource owners to create value that cannot be created by your company alone
- Maintain close relationships with resource owners that advance the core technology underpinning the most important assets of the company
- Orchestrate a community comprised of the owners of the resources required to scale
- Strengthen cybersecurity attributes of offers compared to competitors
- Apply processes that continuously improve the cybersecurity of the company as well as its offers, channels and resources
- Operate a platform that is simple to use, attracts a very large market, and enables the company to control the quality of the offers traded on the platform
- Simplify the complementarity of the company product and services
- Apply digital technology to brand, market, sell and service customers more cost effectively than competitors
- Enhance cybersecurity automation by using big data, machine learning and artificial intelligence
- Seek partners to accelerate scaling, expand company offers, and provide access to new revenue sources
References
Crunchbase. https://www.crunchbase.com/organization/snyk
Owler. https://www.owler.com/company/snykltd
Snyk website. https://snyk.io
https://growjo.com/company/Snyk
Contributors
- Dan Craigen