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- Snyk
Snyk Revenue, Valuation, Funding & Investors
Snyk is valued at $7.4B as of December 2022, a 41.1x multiple on its last reported $180M revenue.
Last Snyk valuation
$7.4B
Series G · Dec 2022
Last Snyk funding round
$25M
Strategic investment · Jan 2023
Snyk revenue
$180M
Series G · Dec 2022
Key investors in Snyk
boldstart ventures
Accel
Tiger Global
Canaan Partners
Salesforce Ventures
GV
About Snyk
Snyk is a developer security platform that scans code, containers, and infrastructure for vulnerabilities. Used by enterprises including Google, Salesforce, and MongoDB, it integrates into CI/CD pipelines and IDEs. Headquartered in London with Boston offices, Snyk supports open-source fixes and was named to the Forbes Cloud 100 in 2021.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$180M (Dec 2022)
Valuation
$7.4B (Dec 2022)
Snyk Valuation
Snyk is currently valued at $7.4B, based on its Series G in December 2022.
The $197M round was led by Qatar Investment Authority, with participation from Evolution Equity Partners, 2050 Capital, Sands Capital Ventures, G Squared, boldstart ventures and 4 other investors.
Snyk's valuation has grown 195x from $38M at its seed round in April 2017 to $7.4B in December 2022, across 10 priced rounds.
Snyk valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2022 | Series G | $7.4B | 41.1x |
| Sep 2021 | Series F | $8.6B | 26.4x |
| Sep 2021 | Series F | $8.5B | - |
| Mar 2021 | Series E | $4.7B | - |
| Sep 2020 | Series D | $2.6B | - |
| Jan 2020 | Series C | $1.2B | 3.7x |
| Sep 2019 | Series B | $500M | - |
| Sep 2018 | Series B | $100M | 25.0x |
| Mar 2018 | Series A | $113M | - |
| Apr 2017 | Seed | $38M | - |
Snyk Revenue
Snyk's latest recorded revenue is $180M, as of its Series G in December 2022. At a $7.4B valuation, that implies a 41.1x revenue multiple.
Revenue grew from $4M in September 2018 to $180M in December 2022, while the revenue multiple moved from 25.0x to 41.1x.
Snyk revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2022 | $180M | $7.4B | 41.1x | Series G |
| Sep 2021 | $326M | $8.6B | 26.4x | Series F |
| Jan 2020 | $326M | $1.2B | 3.7x | Series C |
| Sep 2018 | $4M | $100M | 25.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Snyk Funding History
Snyk has raised a total of $1.2B across 12 funding rounds.
Snyk's first fundraising round was a $3M seed round in January 2016. The most recent completed round was a $25M strategic investment round in January 2023.
Snyk funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2023 | Strategic investment | ServiceNow (lead) | $25M | - | Snyk, a leader in developer security, secured a $25 million strategic investment from ServiceNow on January 24, 2023, as part of its ongoing Series G funding efforts. This followed a $196.5 million Series G tranche closed in December 2022 at a $7.4 billion valuation, with the ServiceNow investment described as a separate tranche enhancing enterprise DevSecOps capabilities. Sources note the $25 million as a stake purchase. ServiceNow, already a customer and partner, integrated Snyk's vulnerability detection tools, particularly Snyk Open Source, into its platform to streamline security fixes for joint customers. The investment underscores Snyk's momentum in the developer-first security space, where its platform helps detect and remediate vulnerabilities in code, open-source dependencies, containers, and infrastructure as code. Used by over 2,500 organizations including Google and Salesforce, Snyk emphasized the deal's strategic value beyond capital, aiming to accelerate global enterprise adoption amid economic pressures. CEO Peter McKay highlighted ServiceNow's evolution from customer to investor in shifting cybersecurity toward developer-centric approaches. Snyk reported strong 2022 performance with 100% year-over-year revenue growth and over 130% net revenue retention. The prior December 2022 round valued Snyk at $7.4 billion, down from $8.5 billion in its 2021 Series F. |
| Dec 2022 | Series G | Qatar Investment Authority (lead); Evolution Equity Partners; 2050 Capital; Sands Capital Ventures; G Squared; boldstart ventures; OMERS Ventures; Tiger Global; Skip Capital; Irving Investors | $197M | $7.4B | Snyk is a Boston-based developer security platform founded in 2015 that provides cybersecurity solutions to security teams and developers, enabling secure code-to-cloud application development. It serves over 2,300 customers including Google, Intuit, and Salesforce, with roughly 60% of revenue from software/tech firms and 70% from North America. The company raised $196.5 million in a Series G funding round on December 12-13, 2022, led by Qatar Investment Authority with participation from new investors Evolution Equity Partners, G Squared, Irving Investors, and existing backers boldstart ventures, Sands Capital Ventures, Tiger Global, and others matching the query. The round valued Snyk at a post-money valuation of $7.4 billion USD, down 12% from its prior round, reflecting market conditions while highlighting the company's financial strength. Sacra reports Snyk's 2022 ARR at $180 million, yielding a 41x forward revenue multiple on the $7.4B valuation. Snyk itself confirmed 100% year-over-year revenue growth in fiscal 2022, along with net revenue retention over 130%, and plans to use funds for product innovation, organic expansion, and potential acquisitions to enhance its DevSecOps platform amid a fragmented developer security market. In 2022, Snyk aided remediation of over 11.5 million security issues and received accolades like CNBC's Top Startups for the Enterprise and Forbes Cloud 100 (#20). Post-round, the company described 2015-2023 as hypergrowth, followed by deceleration through 2025, ending 2024 with under 4,500 customers (up 14% YoY) and nearly $400M cash, burning ~$30M in H1 2025 after prior staff cuts. |
| Sep 2021 | Series F | Atlassian Ventures (lead); Salesforce Ventures (lead) | $75M | $8.6B | Snyk, a Boston-based leader in developer security, helps organizations integrate security into the software development life cycle with its Developer Security Platform. On September 9, 2021, the company closed a $530 million Series F funding round, including over $300 million in primary capital and the rest in secondary sales, bringing total funding to $775 million. The post-money valuation reached $8.5 billion, more than tripling from earlier in 2021 when it was $4.7 billion after a $300 million raise. The round was co-led by Sands Capital Ventures and Tiger Global, with participation from new investors like Baillie Gifford, Koch Industries, Lone Pine Capital, T. Rowe Price, and Whale Rock Capital Management, alongside existing backers including Accel, BlackRock, Addition, Boldstart Ventures, Canaan Partners, Coatue, Salesforce Ventures, Alkeon, Atlassian Ventures, Franklin Templeton, Geodesic Capital, and Temasek. By mid-2021, Snyk reported 154-158% year-over-year ARR growth, expanded its customer base to over 1,200 companies ranging from enterprises to hypergrowth tech firms, hired 320 employees aiming for 800+ by year-end, and launched over 40 new product features. Proceeds were earmarked for product innovation, such as enhancements to the Developer Security Platform, new workflow integrations, and features previewed at SnykCon 2021. The funding provided flexibility for potential acquisitions, building on three prior successful ones, amid rapid modernization of applications and rising demand for developer-first security solutions. Snyk had grown from 700 paid customers in March 2021, entering a phase of accelerated expansion. |
| Sep 2021 | Series F | Sands Capital Ventures (lead); Tiger Global (lead); Baillie Gifford; Atlassian Ventures; Salesforce Ventures; Lone Pine Capital; Canaan Partners; Addition; T. Rowe Price; BlackRock; Koch; Coatue; Accel | $304M | $8.5B | Snyk is a leader in developer security, providing a platform that integrates security into the software development life cycle to help organizations modernize applications securely. In September 2021, Snyk closed a $530 million Series F funding round co-led by Sands Capital and Tiger Global, with participation from new investors Baillie Gifford, Koch Strategic Platforms, Lone Pine Capital, T. Rowe Price, Whale Rock Capital Management, and existing backers including Accel, Addition, Atlassian Ventures, BlackRock, Canaan Partners, Coatue, and Salesforce Ventures. The round included both primary and secondary offerings, with more than $300 million in new capital, bringing total funding raised to $775 million and achieving a post-money valuation of $8.5 billion, more than tripling from earlier in 2021. By mid-2021, Snyk had demonstrated strong traction, increasing annual recurring revenue by 154% year-over-year, expanding its customer base to over 1,200 companies ranging from enterprises to hypergrowth tech firms, and hiring 320 employees with plans to reach over 800 by year-end. The financing was intended to fuel product innovation, including enhancements to the Developer Security Platform, new workflow integrations, and features unveiled at SnykCon 2021. This Series F followed a $300 million round in March 2021 at a $4.7 billion valuation, also backed by Tiger Global, Accel, and others including Atlassian Ventures and Salesforce Ventures. Subsequent rounds included a December 2022 Series G at $7.4 billion valuation, reflecting market adjustments amid layoffs and economic shifts. |
| Mar 2021 | Series E | Accel (lead); Tiger Global (lead) | $175M | $4.7B | Snyk is a developer security platform providing cloud-native application security tools for developers to identify and fix vulnerabilities in code, open-source dependencies, containers, and infrastructure as code. The company serves over 2.2 million developers worldwide and integrates with development workflows to enable secure coding practices. In March 2021, Snyk raised $300 million in a Series E funding round co-led by Accel and Tiger Global Management, with participation from Addition, Boldstart Ventures, Canaan Partners, Coatue, GV (Alphabet's venture arm), Salesforce Ventures, Atlassian Ventures, Alkeon, Franklin Templeton, Geodesic Capital, Sands Capital Ventures, Temasek, and BlackRock-managed funds. The round valued Snyk at a post-money valuation of $4.7 billion and included both primary and secondary investments, bringing total funding to $470 million at that point. The funds were intended to accelerate product-led growth, expand the customer base, hire talent globally, and pursue geographic expansion amid rapid adoption of Snyk's platform. At the time, Snyk had around 700 employees and was positioning itself for further scaling in the developer security market, with integrations like those with Atlassian tools. |
| Sep 2020 | Series D | Addition (lead) | $200M | $2.6B | Snyk, a developer-first security company, provides tools to identify and fix vulnerabilities in open-source code, enabling secure software development throughout the lifecycle. The company helps organizations integrate security into DevOps practices, serving customers like Google, Salesforce, Revolut, ASOS, MongoDB, Auth0, and Segment. On September 9, 2020, Snyk closed a $200 million Series D funding round led by Addition, bringing total capital raised to $450 million from investors including Accel, Amity, Boldstart, Canaan, Coatue, GV, Salesforce Ventures, Stripes, Tiger Global, and Trend Forward. This round valued Snyk at more than $2.6 billion post-money, following a January 2020 $150 million raise at over $1 billion valuation that established its unicorn status. The funding supports expansion amid accelerated digital transformation driven by the pandemic, with plans to grow headcount from 375 to 475 employees. Snyk reported over 275% revenue growth and 100% employee growth in the prior year, alongside ARR growth of 270-275% year-over-year, and an installed base of 1.5 million developers out of a 28 million global total. CEO Peter McKay emphasized partnerships with Atlassian, Docker, Red Hat, Trend Micro, and Rapid7, positioning Snyk to modernize security by empowering developers. Investors like Addition's Lee Fixel highlighted Snyk's rapid acceleration and market readiness for developer-centric security solutions amid rising software-driven risks. The company eyes further product expansion and potential IPO, dominating application development security with minimal competition. |
| Jan 2020 | Series C | Stripes (lead); Salesforce Ventures; Amity Ventures; boldstart ventures; Tiger Global; Coatue; Global Forward Capital | $115M | $1.2B | Snyk is a developer-first security company that helps developers secure code during the development process, offering tools for vulnerability detection in open-source dependencies, container security, and application security integrated into DevOps workflows. Founded in 2015 with offices in London, Boston, Tel Aviv, and others, it serves major clients like Google, Salesforce, Intuit, Nordstrom, and New Relic, with over 400,000 developers using its platform worldwide at the time. On January 21, 2020, Snyk closed a $150 million funding round led by Stripes, with participation from Coatue, Tiger Global, Boldstart Ventures (noted as boldstart), Trend Forward (likely Global Forward Capital), Amity Ventures, and Salesforce Ventures, bringing total funding to over $250 million and valuing the company at more than $1 billion, achieving unicorn status. The investment followed a $70 million round in late 2019 and a prior $22 million in 2018. Funds were earmarked for accelerating product innovation, global expansion into EMEA and APJ, community growth, and scaling application security for cloud and DevOps environments. The round highlighted Snyk's strong 2019 performance, including more than 4X year-over-year revenue growth and rapid customer expansion from individual users to enterprise development teams, though exact revenue figures were not disclosed. CEO Peter McKay, formerly co-CEO of Veeam, emphasized market momentum in developer-first security amid rising cybersecurity concerns in digital transformation. Investors like Stripes' Ken Fox joined the board, praising Snyk's product-led approach to empower developers as the first line of defense against cyber risks. Snyk differentiates through its freemium open-source model driving commercial products like vulnerability databases and container security, enabling land-and-expand growth. By 2020, it had positioned itself in the growing DevSecOps space, later raising additional rounds including $200 million at $2.6 billion in September 2020 and $300 million at $4.7 billion in March 2021, but the January 2020 round marked its unicorn milestone amid booming demand for application security. |
| Sep 2019 | Series B | Accel (lead); GV; Amity Ventures; boldstart ventures | $70M | $500M | - |
| Sep 2018 | Series B | Accel (lead); Heavybit; GV; Bold Star Ventures | $22M | $100M | Snyk is an Israeli-founded cybersecurity company specializing in developer security tools that detect and remediate vulnerabilities in open source code dependencies. In September 2018, Snyk raised $22 million in a Series B round led by Accel, with participation from GV (Google Ventures), Boldstart Ventures, and Heavybit, achieving a post-money valuation of $100 million. This followed a $7 million Series A in March 2018, bringing total funding to about $33 million at that point. The round reflected strong investor enthusiasm amid rapid growth, with revenues increasing five-fold in the prior nine months and customer base expanding from 130 paying customers in March to over 200 by September 2018, plus 150,000 users overall. Clients included ASOS, Digital Ocean, New Relic, and Skyscanner. Sacra estimates Snyk reached $4 million in annual recurring revenue (ARR) by the end of 2018, following a pivot to enterprise sales in 2017 that enabled its first commercial contract in March and $100,000 ARR by August of that year. This positioned Snyk for continued hypergrowth, with ARR hitting $19 million by 2019—a quadrupling from 2018 levels—as noted in later reports. The company shifted ownership of application security toward developers, leveraging deep security expertise and a developer-centric approach, as highlighted by Accel partner Philippe Botteri. Post-2018, Snyk accelerated expansion, raising additional rounds including a $70 million investment in September 2020 and $150 million shortly after, reaching unicorn status with over $1 billion valuation by late 2020 amid doubling ARR in recent periods and landing major customers like Google, Salesforce, Intuit, and Nordstrom. Growth continued into the 2020s, surpassing $180 million ARR by 2022 at a $7.4 billion valuation (41x forward multiple), $300 million by 2024, and $326 million by early 2026, though with decelerating rates, staff cuts, and a focus on profitability nearing break-even in 2025. |
| Mar 2018 | Series A | boldstart ventures (lead); Canaan Partners (lead); Heavybit; Patrick Peterson; Peter McKay; FundFire; Gil Dibner | $7M | $113M | - |
| Apr 2017 | Seed | boldstart ventures (lead); Canaan Partners; Ameet Patel | $3M | $38M | - |
| Jan 2016 | Seed | boldstart ventures (lead); Canaan Partners; Gil Dibner; Theo Schlossnagle | $3M | - | - |
Who has invested in Snyk?
34 investors have backed Snyk across its funding rounds, including boldstart ventures, Accel, Tiger Global, Canaan Partners, Salesforce Ventures and GV.
Lead investors include ServiceNow, Qatar Investment Authority, Atlassian Ventures, Salesforce Ventures, Sands Capital Ventures and 6 other investors.
Snyk Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jan 2016 | ||
| 4 | Lead | Jan 2016 | ||
| 4 | Lead | Jan 2020 | ||
| 4 | Lead | Sep 2018 | ||
| 3 | Lead | Jan 2020 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Participant | Mar 2018 | ||
| 2 | Participant | Sep 2018 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Lead | Sep 2020 | ||
| 2 | Participant | Jan 2016 | ||
| 2 | Participant | Jan 2020 | ||
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Start Free TrialAcquisitions by Snyk
Snyk has acquired 12 companies to date.
Last acquisition by Snyk was on June 24th 2025. Snyk acquired Invariant Labs for undisclosed valuation.
Latest Acquisitions by Snyk
| Description | Invariant Labs is a cybersecurity firm headquartered in Boston that secures AI models against adversarial attacks and data poisoning. The platform offers runtime verification for large language models deployed on Hugging Face and OpenAI APIs, ensuring output consistency in enterprise applications. Invariant Labs protects sectors like finance and healthcare, integrating with PyTorch and TensorFlow frameworks. Founded in 2023, it emphasizes formal methods for verifiable AI safety in regulated environments. | Probely is a web application vulnerability scanner designed for DevSecOps teams, founded in Lisbon, Portugal. It detects security issues in web apps and APIs using dynamic analysis, providing remediation guidance and CI/CD integrations with GitHub, Jenkins, and Azure DevOps. Probely scans for OWASP Top 10 risks, custom policies, and supports SAML authentication. The platform serves over 500 organizations worldwide in finance, healthcare, and e-commerce. | Tel Aviv-headquartered Helios is a developer observability platform established in 2021. Built on OpenTelemetry standards, it collects traces and correlates them with logs and metrics for full visibility into distributed applications. Dev and Ops teams use Helios to accelerate issue detection and resolution in microservices environments. The platform supports popular languages like Java, Python, and Node.js, serving fast-growing tech companies with cloud-native deployments. | Reviewpad is a code review automation platform integrating AI with GitHub and GitLab to summarize pull requests and flag issues. It reduces merge times using ChatGPT for natural language reviews, automating 70 percent of routine checks for development teams in open-source and enterprise projects. | |
| HQ Country | |||||
| HQ City | Zurich | Lisbon | Tel Aviv | Porto | |
| Deal Date | 24 Jun 2025 | 12 Nov 2024 | 16 Jan 2024 | 30 Oct 2023 | |
| Valuation | undisclosed | undisclosed | $3M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Snyk acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Snyk
Snyk has invested in 1 company to date.
Latest investment by Snyk was on June 24th 2023. Snyk invested in Roopya in their $600K Pre-seed round.
Latest Investments by Snyk
| Description | Roopya is a Mumbai-based fintech platform providing SaaS lending infrastructure for NBFCs, banks, and lenders in India. Its modules handle loan origination, underwriting, disbursement, and collections with API integrations to CIBIL and GSTN. The ecosystem supports digital KYC and risk assessment. Launched in 2018, Roopya enables compliant lending operations across personal and MSME segments. |
| HQ Country | |
| HQ City | Gurgaon |
| Deal Date | 24 Jun 2023 |
| Round | Pre-seed |
| Raised | $600K |
| Investors | 100X.VC; Vishal Khare; KRS Jamwal; Aeroflex Enterprises; Tata Industries Limited |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Snyk investments and their VC round multiples. Start Free Trial | |
Snyk Competitors
Snyk competitors include listed companies like Progress Software, Cloudflare and SentinelOne, and private ones like Fireblocks, Reflection.Ai and 1Password.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $978M | $302M | $1.7B | 2.9x | ||
| Publicly listed | $2.2B | ($25M) | $119B | 44.3x | ||
| Private | $100M | - | $8B | - | ||
| Private | - | - | $8B | - | ||
| Private | $150M | - | $6.8B | 45.3x | ||
| Publicly listed | $1B | ($267M) | $8.1B | 6.6x |
Snyk Public Comps
Snyk is still privately-owned, but its public comps include Netskope, SentinelOne, GitLab, CommVault Systems, Qualys, Qihoo 360, Glory View Technology, Varonis Systems, Trend Micro and BlackBerry.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $709M | ($622M) | 9.4x | 8.1x | (10.8x) | (121.6x) | |||
| $1B | ($267M) | 7.4x | 6.6x | (27.7x) | 47.1x | |||
| $955M | ($82M) | 7.5x | 6.7x | (87.0x) | 44.3x | |||
| $1.2B | $84M | 5.2x | 5.0x | 72.9x | 23.2x | |||
| $669M | $236M | 8.7x | 8.1x | 24.5x | 17.6x | |||
| $1.3B | $70M | 4.8x | 4.7x | 88.8x | (385.3x) | |||
| $176M | $53M | 38.7x | 39.4x | 127.8x | 129.4x | |||
| $624M | ($147M) | 8.5x | 7.5x | (36.0x) | 229.5x | |||
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Common questions about Snyk
| When was Snyk founded? | Snyk was founded in 2015. |
| Where is Snyk headquartered? | Snyk is headquartered in Boston, MA, United States. |
| Is Snyk publicly listed? | No, Snyk is a private, VC-backed company. |
| What is Snyk's valuation? | Snyk was last valued at $7.4B in its Series G in December 2022. |
| How much funding has Snyk raised? | Snyk has raised $1.2B across 12 funding rounds. |
| What was Snyk's last funding round? | Snyk's last funding round was a $25M strategic investment round in January 2023, led by ServiceNow. |
| Who are Snyk's investors? | Snyk's investors include boldstart ventures, Canaan Partners, Tiger Global, Accel, Salesforce Ventures, Atlassian Ventures, Heavybit, GV, Amity Ventures, Sands Capital Ventures and 24 others. |
| What is Snyk's revenue? | Snyk's latest recorded revenue is $180M (December 2022). |
| What is Snyk's revenue multiple? | Snyk's latest valuation implies a 41.1x revenue multiple ($7.4B valuation on $180M of revenue). |
| Which companies are comparable to Snyk? | Companies comparable to Snyk include Progress Software, Cloudflare, Fireblocks, Reflection.Ai, 1Password and SentinelOne. |
| How many companies has Snyk acquired? | Snyk has acquired 12 companies, including Invariant Labs, Probely, Helios, Reviewpad and Enso Security. |
| What was the largest acquisition by Snyk? | The $33M acquisition of Enso Security in June 2023 is the largest acquisition Snyk has made to date. |
| How many companies has Snyk invested in? | Snyk has invested in 1 company, including Roopya. |
| What was Snyk's last investment? | In June 2023, Snyk invested in Roopya's $600K pre-seed round alongside 100X.VC, Vishal Khare, KRS Jamwal and 2 other investors. |
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