What is Synack?
Synack distinguishes itself in the cybersecurity sector by offering a managed, crowd-sourced security solution that leverages a global network of highly vetted ethical hackers. This private hacker-powered platform provides enterprises with an adversarial perspective on their IT environments, identifying vulnerabilities that traditional security measures might miss. By emulating real-world attack strategies, Synack empowers organizations to proactively strengthen their defenses and mitigate potential threats before they can be exploited.
How much funding has Synack raised?
Synack has raised a total of $108.8M across 6 funding rounds:
Private Equity
$1.7M
Angel/Seed
$1.5M
Series A
$7.3M
Series B
$25M
Series C
$21.3M
Series D
$52M
Private Equity (2013): $1.7M, investors not publicly disclosed
Angel/Seed (2013): $1.5M led by Wing Venture Partners, Kleiner Perkins Caufield & Byers, Allegis Capital, and Greylock Partners
Series A (2014): $7.3M supported by Google Ventures, Greylock Partners, Allegis Capital, and Kleiner Perkins Caufield & Byers
Series B (2015): $25M featuring Icon Ventures, Allegis Capital, Google Ventures, Greylock Partners, Kleiner Perkins, and GGV Capital
Series C (2017): $21.3M backed by Microsoft Ventures, Singtel Group, and Hewlett Packard Enterprise
Series D (2020): $52M with participation from B Capital Group, Google Ventures, Kleiner Perkins, M12, Intel Capital, Icon Ventures, GGV Capital, Singtel Innov8, Hewlett Packard Enterprise Company, and C5 Capital
Key Investors in Synack
B Capital Group
B Capital is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors. With over $8 billion in assets under management and a portfolio comprising more than 190 companies, B Capital aims to support founders throughout the company-building lifecycle. The firm has a global presence with offices in key locations including Los Angeles, New York, San Francisco, Singapore, Beijing, and Hong Kong. B Capital is dedicated to driving innovation and scaling impactful solutions that shape the future.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors. The company focuses on enterprise solutions, life sciences, consumer products, and frontier technology innovations. GV operates globally with presence across North America, Europe, Asia, and South America, providing financial backing to promising startups and growth-stage businesses. The firm maintains a diverse investment portfolio spanning technology, healthcare, and various other industries.
Kleiner Perkins
Kleiner Perkins is a Menlo Parkbased venture capital firm that raises dedicated funds and invests in early and growthstage technology and lifescience companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
What's next for Synack?
The recent major strategic investment in Synack signals a strong validation of its innovative business model and its capacity to address evolving cybersecurity challenges. This capital infusion is expected to fuel further development of its platform, expansion of its hacker community, and enhancement of its go-to-market strategies. As enterprises increasingly adopt proactive security measures, Synack is well-positioned to capitalize on this trend, further solidifying its role as a leader in the next generation of cybersecurity solutions.
See full Synack company page
