What is Snyk?
Snyk operates at the critical intersection of software development and cybersecurity, providing a comprehensive platform designed to identify and remediate vulnerabilities across the entire application lifecycle. Its solutions span application code, open-source dependencies, containers, and cloud infrastructure. By integrating directly into developer workflows, Snyk delivers continuous security insights and automated remediation, leveraging AI-driven analysis to ensure that development speed is not compromised by security imperatives. This approach makes Snyk an essential tool for organizations aiming to maintain robust security postures while accelerating their software delivery.
How much funding has Snyk raised?
Snyk has raised a total of $1.6B across 9 funding rounds:
Angel/Seed
$3M
Series A
$7M
Series B
$22M
Private Equity
$70M
Series C
$150M
Series D
$200M
Series E
$300M
Series F
$605M
Series G
$196.5M
Angel/Seed (2016): $3M, investors not publicly disclosed
Series A (2018): $7M led by Canaan Partners, Boldstart Ventures, Heavybit, FundFire, and Peter McKay
Series B (2018): $22M supported by GV, Heavybit, Boldstart Ventures, and Accel
Private Equity (2019): $70M featuring GV, Accel, and Boldstart Ventures
Series C (2020): $150M backed by GV, Accel, BoldStart, Tiger Global, Stripes, Amity, Trend Forward, Salesforce, Canaan Partners, and Coatue
Series D (2020): $200M with participation from Addition
Series E (2021): $300M led by Tiger Global Ltd, Canaan Partners, Addition, Boldstart Ventures, and Accel Partners BV
Series F (2021): $605M supported by T. Rowe Price, Accel, BlackRock, Lone Pine Capital, Koch Strategic Platforms, Whale Rock Capital Management, Geodesic Capital, Baillie Gifford, Franklin Templeton, Boldstart Ventures, Tiger Global, Salesforce Ventures, Temasek, Coatue, Canaan Partners, Sands Capital, Alkeon Capital Management, Atlassian, and Addition
Series G (2022): $196.5M featuring QIA Group, Evolution Equity Partners, Irving Investors, and G Squared
Key Investors in Snyk
Canaan Partners
Canaan Partners is an early-stage venture capital firm that invests in technology and healthcare companies, backing founders from seed through growth stages in areas such as enterprise software, fintech, consumer, biopharma, and digital health.
GV
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, consumer products, and frontier technology innovations globally.
Heavybit
Heavybit is a leading early-stage investor in enterprise infrastructure, actively supporting technical startups from their inception in areas like DevSecOps and AI code generation.
What's next for Snyk?
The substantial enterprise-level funding Snyk has garnered positions it for accelerated expansion and innovation. With a clear trajectory from its early-stage development through significant growth rounds, the company is well-equipped to further enhance its platform capabilities, expand its global reach, and deepen its integration into the developer ecosystem. Future strategic investments will likely focus on advancing its AI-driven security analysis, broadening its support for emerging technologies, and solidifying its leadership in the developer security space. Snyk's continued success is anticipated to drive significant advancements in how organizations approach application security.
See full Snyk company page
