What is Synack?
Based in Redwood City, California, Synack is revolutionizing enterprise cybersecurity by adopting a hacker-centric perspective. The company offers a private, managed hacker-powered security solution that leverages a global network of hundreds of highly vetted, ethical hackers. These security professionals provide a truly adversarial view of clients' IT environments, proactively identifying vulnerabilities and threats before malicious actors can exploit them. Synack's model is designed to offer continuous, intelligent security testing, moving beyond traditional penetration testing to provide a more dynamic and comprehensive defense strategy against sophisticated cyberattacks.
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, Greylock Partners, and Allegis Capital
Series A (2014): $7.3M supported by Kleiner Perkins Caufield & Byers, Greylock Partners, Allegis Capital, and Google Ventures
Series B (2015): $25M featuring GGV Capital, Google Ventures, Icon Ventures, Greylock Partners, Kleiner Perkins, and Allegis Capital
Series C (2017): $21.3M backed by Hewlett Packard Enterprise, Microsoft Ventures, and Singtel Group
Series D (2020): $52M with participation from Google Ventures, GGV Capital, M12, Intel Capital, C5 Capital, Singtel Innov8, Hewlett Packard Enterprise Company, Icon Ventures, Kleiner Perkins, and B Capital Group
Key Investors in Synack
GGV Capital
GGV Capital is a global venture firm investing in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors, known for backing companies worldwide.
Google Ventures
GV is a venture capital firm investing across multiple stages and sectors, with a focus on enterprise solutions, life sciences, consumer products, and frontier technology innovations globally.
Kleiner Perkins
Kleiner Perkins is a venture capital firm backing early and growth-stage technology and life science companies across consumer, enterprise, healthcare, and climate/hard tech sectors.
What's next for Synack?
With its recent major strategic investment and a significant overall funding total of $108.8M, Synack is well-positioned for accelerated expansion and innovation. The company is likely to focus on scaling its managed hacker platform, expanding its global reach, and further developing its AI-driven security intelligence capabilities. This substantial backing suggests a strategic push to capture a larger share of the enterprise security market, particularly among organizations seeking advanced, human-powered threat detection and vulnerability management solutions. The ongoing investment from prominent venture capital firms indicates strong confidence in Synack's business model and its ability to address evolving cybersecurity challenges.
See full Synack company page
