Snyk

“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

Enables 400,000 developers to continuously find and fix vulnerabilities in open source libraries and containers
Developer first security; automated remediation (fix advice, automation enabling security at scale and speed); leading vulnerability database

PERFORMANCE METRICS

ACHIEVEMENTS

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)

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

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

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