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Snyk Valuation, Funding & Investors
Snyk is valued at $7.4B as of December 2022.
Last Snyk valuation
$7.4B
Series G · Dec 2022
Last Snyk funding round
$25M
Strategic investment · Jan 2023
Cumulative funding Snyk raised
$1.2B
across 11 funding rounds
Key investors in Snyk
boldstart ventures
Accel
Tiger Global
Salesforce Ventures
Canaan Partners
GV
About Snyk
Snyk is a Boston-headquartered developer security company whose platform finds and fixes vulnerabilities in application code, open-source dependencies, container images and infrastructure-as-code configurations. Its products, including Snyk Code, Snyk Open Source, Snyk Container and Snyk IaC, plug into developers' code repositories, IDEs and CI/CD pipelines and draw on a proprietary vulnerability database maintained by its security research team. The company sells on a freemium, product-led subscription model to enterprises and software teams; it reported more than 2,300 customers in 2022, including Google, Intuit and Salesforce, had about 1,400 employees that year and generated revenue of about USD 220 million in 2023. Snyk was founded in 2015 in London and Tel Aviv by Guy Podjarny, Assaf Hefetz and Danny Grander, and has been led by chief executive Peter McKay since 2019. It has raised more than USD 1 billion from investors including Accel, Tiger Global, Addition, Sands Capital, the Qatar Investment Authority and ServiceNow, reaching a USD 8.6 billion valuation in 2021 before a USD 7.4 billion Series G in December 2022. Snyk remains privately held and has continued to acquire companies, including Probely in 2024 and Invariant Labs in 2025.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$7.4B (Dec 2022)
Snyk Valuation
Snyk is currently valued at $7.4B, based on its Series G in December 2022. Read the announcement ↗
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 65x from $113M at its Series A in March 2018 to $7.4B in December 2022, across 9 priced rounds.
Snyk valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series G | $7.4B |
| Sep 2021 | Series F | $8.6B |
| Sep 2021 | Series F | $8.5B |
| Mar 2021 | Series E | $4.7B |
| Sep 2020 | Series D | $2.6B |
| Jan 2020 | Series C | $1.2B |
| Sep 2019 | Series B | $500M |
| Sep 2018 | Series B | $100M |
| Mar 2018 | Series A | $113M |
Snyk Funding History
Snyk has raised a total of $1.2B across 11 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 | - | ServiceNow made a USD 25 million strategic investment in Snyk, announced on 24 January 2023. The investment followed Snyk's USD 196.5 million Series G in December 2022, which valued the developer security company at USD 7.4 billion. Alongside the capital, ServiceNow built an integration connecting its Vulnerability Response product with Snyk Open Source, so that security teams and developers at joint customers can manage vulnerabilities found in open-source components in one workflow. Snyk chief executive Peter McKay said ServiceNow had moved from customer to partner to strategic investor, and that the company intended to become cash-flow break-even by 2024. The deal gave Snyk a closer relationship with one of the largest enterprise workflow software vendors at a time when late-stage funding had become scarce. Snyk, founded in 2015 and headquartered in Boston, sells a developer-first security platform that finds and fixes vulnerabilities in code, open-source libraries, containers and infrastructure as code. |
| 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 closed a USD 196.5 million Series G investment in December 2022 at a post-money valuation of USD 7.4 billion. The round was led by the Qatar Investment Authority, with new investors Evolution Equity Partners, G Squared and Irving Investors and existing investors boldstart ventures, Sands Capital and Tiger Global. The valuation was below the USD 8.6 billion reached after the 2021 Series F extension, reflecting the fall in technology valuations during 2022. Chief executive Peter McKay said Snyk had achieved a 100% year-over-year increase in revenue in 2022 with net revenue retention above 130%, and that the company served more than 2,300 customers whose developers had fixed more than 5.1 million vulnerabilities. Snyk planned to use the capital for product innovation, organic growth and possible acquisitions. The Boston-based company, founded in 2015 by Guy Podjarny, Assaf Hefetz and Danny Grander, sells a developer security platform spanning open-source dependencies, proprietary code, containers and infrastructure as code on a subscription basis. |
| Sep 2021 | Series F | Atlassian Ventures (lead); Salesforce Ventures (lead) | $75M | $8.6B | Snyk announced on 30 September 2021 that it had received USD 75 million of funding from Atlassian Ventures and Salesforce Ventures as part of its recent Series F financing. The extension came three weeks after Snyk closed the USD 530 million main Series F tranche co-led by Sands Capital and Tiger Global at a USD 8.5 billion valuation, and it pushed the company's valuation to USD 8.6 billion. It lifted Snyk's total capital raised to USD 850 million, with more than 10% of that total coming directly from Atlassian Ventures and Salesforce Ventures. Both investors were also commercial partners: Atlassian's Bitbucket Cloud code-hosting product already integrated Snyk's scanning, and the companies planned to connect their offerings more deeply. Snyk said its mission was to let millions of developers build security into the development process early without sacrificing speed. The Boston-based company, founded in 2015, sells a developer security platform covering open-source dependencies, code, containers and infrastructure as code, and at the time reported more than 1,200 customers. |
| Sep 2021 | Series F | Sands Capital Ventures (lead); Tiger Global (lead); Temasek; Baillie Gifford; Atlassian Ventures; Salesforce Ventures; Koch Strategic Platforms; Lone Pine Capital; Canaan Partners; Addition; Geodesic Capital; T. Rowe Price; BlackRock; boldstart ventures; Whale Rock Capital Management; Coatue; Accel; Alkeon Capital; Franklin Templeton | $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); Temasek; Atlassian Ventures; Salesforce Ventures; Canaan Partners; GV; Sands Capital Ventures; Addition; Geodesic Capital; BlackRock; boldstart ventures; Coatue; Alkeon Capital; Franklin Templeton; Stripes | $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 | $150M | $1.2B | Snyk closed a USD 150 million Series C investment on 21 January 2020, led by Stripes, the New York-based growth equity firm, with participation from Coatue, Tiger Global, boldstart ventures, Trend Forward, Amity Ventures and Salesforce Ventures. The round followed a USD 70 million raise in late 2019, lifted the company's total funding to USD 250 million and valued Snyk at more than USD 1 billion, making it a unicorn. Snyk said 2019 had brought more than 4x year-over-year revenue growth and some of its largest customer wins to date, including Google, Salesforce, Intuit and New Relic. The money was earmarked for product innovation, community growth and global expansion as the company scaled application security to the pace of cloud and DevOps development. Stripes' Ken Fox joined the board. Snyk, led by chief executive Peter McKay and with offices in London, Boston and Tel Aviv, sells a developer-first security platform covering open-source dependencies, containers and application code on a freemium subscription model. |
| Sep 2019 | Series B | Accel (lead); GV; Amity Ventures; boldstart ventures | $70M | $500M | Snyk raised USD 70 million in a round announced in September 2019, led by Accel with participation from existing investors GV and boldstart ventures. The financing brought the company's total funding to USD 102 million, and TechCrunch reported that it valued Snyk in the range of USD 500 million, up from about USD 100 million a year earlier. Snyk said revenue was growing at a 4x rate, its customer base had grown 200% in 2019 and more than 300,000 developers used its tools, with customers including Google, Microsoft, Salesforce and ASOS. About 90% of customers came from inbound and product-led channels, reflecting its freemium model. Chief executive Peter McKay, formerly co-CEO of Veeam, said the money would bring Snyk's product-led, developer-focused security to more companies worldwide, including its newer container security product. Snyk was founded in 2015 by Guy Podjarny, Assaf Hefetz and Danny Grander and sells a developer-first platform that finds and fixes vulnerabilities in open-source code and containers. |
| Sep 2018 | Series B | Accel (lead); Heavybit; GV; boldstart ventures | $22M | $100M | Snyk raised USD 22 million in a Series B round announced on 25 September 2018, led by Accel with participation from GV and previous investors boldstart ventures and Heavybit. TechCrunch reported that the round valued the company at around USD 100 million. Snyk said revenues had grown five-fold over the previous nine months and that it had more than 200 paying customers and 150,000 users, with clients including ASOS, DigitalOcean, New Relic and Skyscanner. The company planned to use the capital to scale across more programming ecosystems, build out runtime open-source security and keep investing in its developer community. The round followed a USD 7 million Series A in March 2018 and a USD 3 million seed round in 2016. Snyk, then based in London, was founded in 2015 by Guy Podjarny, Assaf Hefetz and Danny Grander and sells a developer-first security platform that finds and fixes vulnerabilities in open-source dependencies. |
| Mar 2018 | Series A | boldstart ventures (lead); Canaan Partners (lead); Heavybit; Patrick Peterson; Peter McKay; FundFire; Gil Dibner | $7M | $113M | Snyk closed a USD 7 million Series A round on 6 March 2018, led by boldstart ventures and Canaan Partners. Heavybit, FundFire and Peter McKay, then co-chief executive of Veeam Software, also invested, and McKay joined Snyk's board of directors as part of the financing before becoming the company's chief executive in 2019. The round came on top of a USD 3 million seed round raised in 2016 and brought Snyk's total funding to USD 10 million. Snyk said it would use the money to deploy additional products that improve the secure use of open source by developers. At the time more than 120,000 developers used Snyk to find, fix and monitor vulnerable open-source libraries, and the service protected more than 100,000 code repositories on source-code management platforms. Snyk was founded in 2015 by Guy Podjarny, Assaf Hefetz and Danny Grander and operated from London and Tel Aviv, selling a freemium developer security platform that plugs into code repositories and build pipelines. |
| Jan 2016 | Seed | boldstart ventures (lead); Canaan Partners; Gil Dibner; Theo Schlossnagle | $3M | - | Snyk raised a USD 3 million seed round in 2016 with boldstart ventures, the New York-based enterprise seed investor, as lead backer and Canaan Partners co-investing. Boldstart had written its first cheque into the company in October 2015, shortly after Snyk was set up, and it went on to back the Series A as well. The seed capital paid for the first commercial versions of the product, which scanned open-source dependencies in Node.js and npm projects for known vulnerabilities and generated fixes that developers could apply directly. It was the company's only financing before a USD 7 million Series A in March 2018, which brought total funding to USD 10 million. Snyk was founded in 2015 in London and Tel Aviv by Guy Podjarny, Assaf Hefetz and Danny Grander; Podjarny had previously been chief technology officer of Akamai's web experience business after Akamai bought his start-up Blaze.io. The company builds developer-first security software that finds and fixes vulnerabilities in open-source libraries, proprietary code and containers, sold on a freemium subscription model, and it later moved its headquarters to Boston. |
Who has invested in Snyk?
37 investors have backed Snyk across its funding rounds, including boldstart ventures, Accel, Tiger Global, Salesforce Ventures, Canaan Partners 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 |
|---|---|---|---|---|
| 8 | Lead | Jan 2016 | ||
| 4 | Lead | Jan 2020 | ||
| 4 | Lead | Jan 2016 | ||
| 4 | Lead | Jan 2020 | ||
| 4 | Lead | Sep 2018 | ||
| 3 | Lead | Mar 2021 | ||
| 3 | Participant | Sep 2018 | ||
| 3 | Lead | Mar 2021 | ||
| 3 | Lead | Sep 2020 | ||
| 3 | Participant | Jan 2020 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Mar 2018 | ||
| 2 | Participant | Sep 2019 | ||
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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, Qualys and CommVault Systems, and private ones like Fireblocks and 1Password.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $978M | $302M | $1.8B | 2.9x | ||
| Publicly listed | $2.2B | ($25M) | $100B | 36.0x | ||
| Publicly listed | $669M | $236M | $7.8B | 10.2x | ||
| Private | - | - | $8B | - | ||
| Private | $400M | - | $6.8B | 17.0x | ||
| Publicly listed | $1.2B | $84M | $6.8B | 5.4x |
Snyk Public Comps
Snyk is still privately-owned, but its public comps include Qualys, CommVault Systems, Qihoo 360, SentinelOne, Trend Micro, GitLab, Varonis Systems, Tenable, BlackBerry and Netskope.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $669M | $236M | 11.0x | 10.2x | 31.3x | 22.3x | |||
| $1.2B | $84M | 5.7x | 5.4x | 80.3x | 24.9x | |||
| $1.3B | $71M | 4.1x | 4.0x | 76.3x | (298.9x) | |||
| $1B | ($267M) | 8.1x | 7.0x | (30.3x) | 47.5x | |||
| $1.8B | $481M | 2.6x | 2.4x | 9.5x | 10.0x | |||
| $955M | ($82M) | 8.2x | 7.2x | (94.7x) | 48.8x | |||
| $624M | ($147M) | 8.7x | 7.5x | (36.8x) | 199.0x | |||
| $999M | $31M | 5.7x | 5.3x | 180.0x | 20.0x | |||
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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 11 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, Salesforce Ventures, Canaan Partners, Tiger Global, Accel, Atlassian Ventures, GV, Sands Capital Ventures, Addition, Coatue and 27 others. |
| Which companies are comparable to Snyk? | Companies comparable to Snyk include Progress Software, Cloudflare, Qualys, Fireblocks, 1Password and CommVault Systems. |
| 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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