Difference between revisions of "Snyk"
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{{Infobox company | {{Infobox company | ||
| name = Snyk | | name = Snyk | ||
| − | | type = Private | + | | logo = Snyk_logo.png |
| − | | founded = 2015 | + | | type = Private (Snyk Limited, Companies House 09677925; Snyk, Inc., Boston) |
| − | | founder = [[Guy Podjarny]], Assaf Hefetz, Danny Grander | + | | founded = {{Start date|2015}} |
| + | | founder = [[Guy Podjarny]], [[Assaf Hefetz]], [[Danny Grander]] | ||
| + | | hq_location = Boston, Massachusetts, United States | ||
| industry = Developer / application security | | industry = Developer / application security | ||
| + | | subsid = [[Enso Security]]; [[Helios (company)|Helios]] | ||
| + | | revenue = $278 million (2024, reported by ''Ctech'') | ||
| + | | homepage = [https://snyk.io/ snyk.io] | ||
}} | }} | ||
| − | '''Snyk''' is a cloud-native application security company founded in 2015 by [[Guy Podjarny]], Assaf Hefetz and Danny Grander. ''Globes'' reported that the three are "all graduates of the Israel Defense Forces 8200 intelligence unit". In March 2021 Snyk announced a $300 million Series E financing at a $4.7 billion post-money valuation, bringing total capital raised to about $470 million | + | '''Snyk''' is a cloud-native application security company founded in 2015 by [[Guy Podjarny]], [[Assaf Hefetz]] and [[Danny Grander]]. ''Globes'' reported that the three are "all graduates of the Israel Defense Forces 8200 intelligence unit". In March 2021 Snyk announced a $300 million Series E financing at a $4.7 billion post-money valuation, bringing total capital raised to about $470 million. [[Peter McKay]] had been appointed CEO in July 2019.<ref name="GlobesSnyk">Uri Berkovitz, [https://en.globes.co.il/en/article-snyk-raises-more-at-huge-valuation-of-47b-1001363594 Snyk raises $300m at $4.7b valuation] ''Globes'', 10 March 2021, accessed 21 October 2026.</ref> The company is headquartered in Boston.<ref name="GlobesHelios">Globes correspondent, [https://en.globes.co.il/en/article-snyk-buys-israeli-runtime-data-co-helios-1001467857 Snyk buys Israeli runtime data co Helios] ''Globes'', 16 January 2024, accessed 21 October 2026.</ref> |
| + | |||
| + | == Founders and Unit 8200 == | ||
| + | ''Globes'' described all three founders as graduates of the [[Israel Defense Forces]]' 8200 intelligence unit ([[Unit 8200]]).<ref name="GlobesSnyk" /> [[Guy Podjarny]] has said he spent "four-and-a-half years in the army" in "the 8200 unit". He said he found [[Danny Grander]], "who I've sort of served with in the army", through his past networks, and that Grander and [[Assaf Hefetz]] dropped a start-up of their own to join him and "built the team in Israel".<ref name="Decibel">Jon Sakoda, [https://decibel-podcast.simplecast.com/episodes/guy-podjarney-founder-of-snyk-building-conviction-on-a-contrarian-bet-y8exotXj/transcript Guy Podjarny, founder of Snyk: building conviction on a contrarian bet] ''The Decibel Podcast'' (transcript), accessed 21 October 2026.</ref> Before Snyk, Grander was chief technology officer of [[Gita Technologies]], a self-described "intelligence and cyber R&D boutique" that is now a subsidiary of [[Cognyte]].<ref name="GranderSite">Danny Grander, [https://www.grander.io/ Danny Grander – Grander Ventures] ''grander.io'' (personal website), accessed 21 October 2026.</ref><ref name="SECCognyteSubs">Cognyte Software Ltd, [https://www.sec.gov/Archives/edgar/data/1824814/000182481426000021/exhibit81fye26.htm Exhibit 8.1: Subsidiaries of Cognyte Software Ltd.] US Securities and Exchange Commission (annual report filing, 2026), accessed 21 October 2026.</ref> | ||
| + | |||
| + | == Funding and finances == | ||
| + | In March 2021 Snyk raised $300 million at a $4.7 billion valuation, in a round co-led by [[Accel Partners|Accel]] and [[Tiger Global]].<ref name="GlobesSnyk" /> In September 2021 ''Globes'' reported a further $300 million round, co-led by [[Sands Capital Ventures]] and [[Tiger Global]], at a valuation of $8.5 billion.<ref name="GlobesSnyk2021b">Ofir Dor, [https://en.globes.co.il/en/article-cybersecurity-co-snyk-raises-300m-at-85b-valuation-1001384232 Cybersecurity co Snyk raises $300m at $8.5b valuation] ''Globes'', 9 September 2021, accessed 21 October 2026.</ref> ''Ctech'' reported that in December 2022 Snyk raised $196.5 million at a valuation of $7.4 billion. It also reported that Snyk's 2024 revenue was $278 million, with an operating loss of more than $188 million.<ref name="CtechSnykCEO">CTech, [https://www.calcalistech.com/ctechnews/article/s11opqo00zx Snyk’s CEO steps aside, arguing the AI era demands a different kind of leader] ''Ctech'', 22 February 2026, accessed 21 October 2026.</ref> In October 2022 ''Globes'' reported that the company was cutting 14% of its workforce, 198 employees in Israel and the US.<ref name="GlobesSnykLayoffs">Assaf Gilead, [https://en.globes.co.il/en/article-cybersecurity-co-snyk-laying-off-14-of-workforce-1001427487 Cybersecurity co Snyk lays off 14% of workforce] ''Globes'', 24 October 2022, accessed 21 October 2026.</ref> | ||
| + | |||
| + | == Leadership == | ||
| + | [[Peter McKay]] replaced [[Guy Podjarny]] as chief executive in July 2019.<ref name="GlobesSnyk" /> In February 2026 ''Ctech'' reported that McKay would step down once a successor was found, saying the company needed leadership "with deep roots in product innovation and AI".<ref name="CtechSnykCEO" /> Snyk's leadership page names [[Ken MacAskill]] as interim chief executive and chief financial officer.<ref name="SnykLeadership">Snyk, [https://snyk.io/about/leadership/ Snyk Leadership Team] ''Snyk'' (Snyk-side), accessed 21 October 2026.</ref> Podjarny rejoined the board as chairman in March 2026.<ref name="SnykBoard">Snyk, [https://snyk.io/about/board/ Snyk Board] ''Snyk'' (Snyk-side), accessed 21 October 2026.</ref> | ||
| + | |||
| + | == Board and officers == | ||
| + | Snyk's board page lists Guy Podjarny (chairman and founder), [[Mike Scarpelli]] (former chief financial officer of [[Snowflake]]), [[Sanjay Poonen]] (chief executive of Cohesity), [[Ken Fox]] ([[Stripes]]), and [[Ping Li]] and [[Philippe Botteri]] ([[Accel Partners|Accel]]).<ref name="SnykBoard" /> Companies House lists the following directors of Snyk Limited.<ref name="CHSnyk">Companies House, [https://find-and-update.company-information.service.gov.uk/company/09677925/officers SNYK LIMITED (09677925): officers] ''Companies House'', accessed 21 October 2026.</ref> | ||
| + | |||
| + | {| class="wikitable sortable" | ||
| + | |+ Directors of Snyk Limited (09677925) | ||
| + | ! Name !! Born !! Nationality !! Appointed !! Resigned | ||
| + | |- | ||
| + | | [[Guy Podjarny]] || March 1979 || British || 9 July 2015 || 17 January 2025 | ||
| + | |- | ||
| + | | [[Guy Podjarny]] || March 1979 || British || 27 March 2026 || – | ||
| + | |- | ||
| + | | [[Ken MacAskill|Kenneth MacAskill]] || June 1969 || Canadian || 9 July 2015 || 9 July 2015 | ||
| + | |- | ||
| + | | [[Danny Grander]] || August 1981 || Israeli || 19 May 2017 || 31 July 2019 | ||
| + | |- | ||
| + | | [[Peter McKay|Peter C McKay]] || June 1963 || American || 19 May 2017 || 15 May 2026 | ||
| + | |- | ||
| + | | [[Philippe Botteri|Philippe Laurent Alain Botteri]] || October 1973 || French || 14 September 2018 || – | ||
| + | |- | ||
| + | | [[Ken Fox|Kenneth Allen Fox]] || August 1970 || American || 18 December 2019 || 8 February 2022 | ||
| + | |- | ||
| + | | [[Ken Fox|Kenneth Allen Fox]] || August 1970 || American || 18 December 2025 || – | ||
| + | |- | ||
| + | | [[Matthew Weigand|Matthew Robert Weigand]] || March 1989 || American || 31 July 2019 || 3 March 2021 | ||
| + | |- | ||
| + | | [[Mike Scarpelli|Michael Pasquale Scarpelli]] || November 1966 || American || 1 March 2021 || – | ||
| + | |- | ||
| + | | [[Ping Li]] || May 1972 || American || 3 March 2021 || – | ||
| + | |- | ||
| + | | [[Tamar Yehoshua|Tamar Offer Yehoshua]] || February 1965 || American || 15 June 2021 || 15 April 2024 | ||
| + | |- | ||
| + | | [[Sanjay Poonen]] || July 1969 || American || 20 October 2021 || – | ||
| + | |- | ||
| + | | [[Kathleen Murphy|Kathleen Ann Murphy]] || January 1963 || American || 8 February 2022 || 18 December 2025 | ||
| + | |- | ||
| + | | [[Zachary Nelson|Zachary Alan Nelson]] || May 1961 || American || 8 February 2022 || 31 October 2023 | ||
| + | |- | ||
| + | | [[Ed Sim]] || February 1971 || American || 16 April 2024 || 18 December 2025 | ||
| + | |- | ||
| + | | [[Jim Heppelmann|James Edward Heppelmann]] || September 1964 || American || 1 October 2024 || 18 December 2025 | ||
| + | |} | ||
| + | Kenneth MacAskill has been company secretary since 30 July 2025.<ref name="CHSnyk" /> | ||
| + | |||
| + | == Acquisitions == | ||
| + | * '''[[Enso Security]]''' (2023): in June 2023 ''Globes'' reported that Snyk had agreed to buy the Israeli application security posture management company, "founded in 2020 by former Wix application security experts – CEO [[Roy Erlich]], CPO [[Chen Gour Arie]] and CTO [[Barak Tawily]]". It said Israeli media put the price at $45–50 million.<ref name="GlobesEnso">Globes correspondent, [https://en.globes.co.il/en/article-snyk-buys-israeli-co-enso-security-1001448926 Snyk buys Israeli co Enso Security] ''Globes'', 8 June 2023, accessed 21 October 2026.</ref> Tawily told ''Geektime'' that, when his requests for a cyber unit were turned down, he went to a combat unit for a shortened period of military service.<ref name="GeektimeTawily">Geektime, [https://www.geektime.co.il/barak-tawily-co-founder-cto-enso-security/ ה-CTO הישראלי שניהל את אבטחת היישומים של 5 אחוז מהאינטרנט הקים עם חברים חברת סייבר] (The Israeli CTO who managed application security for 5% of the internet founded a cyber company with friends), ''Geektime'' (Hebrew), 2 May 2023, accessed 21 October 2026.</ref> | ||
| + | * '''[[Helios (company)|Helios]]''' (2024): on 16 January 2024 Snyk announced the purchase of the Tel Aviv runtime-data company.<ref name="SnykHelios">Snyk, [https://snyk.io/news/snyk-acquires-runtime-data-pioneer-helios/ Snyk Acquires Runtime Data Pioneer Helios, Empowering Global AppSec Teams with Unparalleled Cloud-to-Code Risk Visibility] ''Snyk'' (press release, Snyk-side), 16 January 2024, accessed 21 October 2026.</ref> It was founded by [[Eli Cohen (entrepreneur)|Eli Cohen]], whom Snyk describes as "an alumnus of the elite Israeli intelligence unit 8200", and [[Ran Nozik]].<ref name="GlobesHelios" /><ref name="SnykLabsCohen">Snyk Labs, [https://labs.snyk.io/contributors/eli-cohen/ Eli Cohen – Director of Technology Incubation] ''Snyk Labs'' (Snyk-side), accessed 21 October 2026.</ref> | ||
| + | |||
| + | ''Ctech'' reported that by the end of 2023 Snyk had spent "more than $40 million on acquisitions, including Israel-based Enso Security and Helios".<ref name="CtechSnykCEO" /> | ||
== See also == | == See also == | ||
| − | + | * [[Guy Podjarny]] | |
| + | * [[Assaf Hefetz]] | ||
| + | * [[Danny Grander]] | ||
| + | * [[Peter McKay]] | ||
| + | * [[Tessl]] | ||
* [[Unit 8200]] | * [[Unit 8200]] | ||
* [[Cyber and tech firms founded by ex Unit 8200 or occupation forces veterans]] | * [[Cyber and tech firms founded by ex Unit 8200 or occupation forces veterans]] | ||
== External links == | == External links == | ||
| − | |||
* [https://snyk.io/ Official website] | * [https://snyk.io/ Official website] | ||
| − | ==Notes== | + | == Notes == |
<references/> | <references/> | ||
[[Category:Israel]] | [[Category:Israel]] | ||
[[Category:Unit 8200]] | [[Category:Unit 8200]] | ||
| + | [[Category:Companies]] | ||
Latest revision as of 10:23, 21 October 2026
Developer-security company founded by Unit 8200 graduates
| Snyk
| |
|---|---|
| Logo | 
|
| Type | Private (Snyk Limited, Companies House 09677925; Snyk, Inc., Boston) |
| Founded | 2015 |
| Founder(s) | Guy Podjarny, Assaf Hefetz, Danny Grander |
| Headquarters | Boston, Massachusetts, United States |
| Industry | Developer / application security |
| Subsidiaries | Enso Security; Helios |
| Revenue | $278 million (2024, reported by Ctech) |
| Homepage | snyk.io |
Snyk is a cloud-native application security company founded in 2015 by Guy Podjarny, Assaf Hefetz and Danny Grander. Globes reported that the three are "all graduates of the Israel Defense Forces 8200 intelligence unit". In March 2021 Snyk announced a $300 million Series E financing at a $4.7 billion post-money valuation, bringing total capital raised to about $470 million. Peter McKay had been appointed CEO in July 2019.[1] The company is headquartered in Boston.[2]
Founders and Unit 8200
Globes described all three founders as graduates of the Israel Defense Forces' 8200 intelligence unit (Unit 8200).[1] Guy Podjarny has said he spent "four-and-a-half years in the army" in "the 8200 unit". He said he found Danny Grander, "who I've sort of served with in the army", through his past networks, and that Grander and Assaf Hefetz dropped a start-up of their own to join him and "built the team in Israel".[3] Before Snyk, Grander was chief technology officer of Gita Technologies, a self-described "intelligence and cyber R&D boutique" that is now a subsidiary of Cognyte.[4][5]
Funding and finances
In March 2021 Snyk raised $300 million at a $4.7 billion valuation, in a round co-led by Accel and Tiger Global.[1] In September 2021 Globes reported a further $300 million round, co-led by Sands Capital Ventures and Tiger Global, at a valuation of $8.5 billion.[6] Ctech reported that in December 2022 Snyk raised $196.5 million at a valuation of $7.4 billion. It also reported that Snyk's 2024 revenue was $278 million, with an operating loss of more than $188 million.[7] In October 2022 Globes reported that the company was cutting 14% of its workforce, 198 employees in Israel and the US.[8]
Leadership
Peter McKay replaced Guy Podjarny as chief executive in July 2019.[1] In February 2026 Ctech reported that McKay would step down once a successor was found, saying the company needed leadership "with deep roots in product innovation and AI".[7] Snyk's leadership page names Ken MacAskill as interim chief executive and chief financial officer.[9] Podjarny rejoined the board as chairman in March 2026.[10]
Board and officers
Snyk's board page lists Guy Podjarny (chairman and founder), Mike Scarpelli (former chief financial officer of Snowflake), Sanjay Poonen (chief executive of Cohesity), Ken Fox (Stripes), and Ping Li and Philippe Botteri (Accel).[10] Companies House lists the following directors of Snyk Limited.[11]
| Name | Born | Nationality | Appointed | Resigned |
|---|---|---|---|---|
| Guy Podjarny | March 1979 | British | 9 July 2015 | 17 January 2025 |
| Guy Podjarny | March 1979 | British | 27 March 2026 | – |
| Kenneth MacAskill | June 1969 | Canadian | 9 July 2015 | 9 July 2015 |
| Danny Grander | August 1981 | Israeli | 19 May 2017 | 31 July 2019 |
| Peter C McKay | June 1963 | American | 19 May 2017 | 15 May 2026 |
| Philippe Laurent Alain Botteri | October 1973 | French | 14 September 2018 | – |
| Kenneth Allen Fox | August 1970 | American | 18 December 2019 | 8 February 2022 |
| Kenneth Allen Fox | August 1970 | American | 18 December 2025 | – |
| Matthew Robert Weigand | March 1989 | American | 31 July 2019 | 3 March 2021 |
| Michael Pasquale Scarpelli | November 1966 | American | 1 March 2021 | – |
| Ping Li | May 1972 | American | 3 March 2021 | – |
| Tamar Offer Yehoshua | February 1965 | American | 15 June 2021 | 15 April 2024 |
| Sanjay Poonen | July 1969 | American | 20 October 2021 | – |
| Kathleen Ann Murphy | January 1963 | American | 8 February 2022 | 18 December 2025 |
| Zachary Alan Nelson | May 1961 | American | 8 February 2022 | 31 October 2023 |
| Ed Sim | February 1971 | American | 16 April 2024 | 18 December 2025 |
| James Edward Heppelmann | September 1964 | American | 1 October 2024 | 18 December 2025 |
Kenneth MacAskill has been company secretary since 30 July 2025.[11]
Acquisitions
- Enso Security (2023): in June 2023 Globes reported that Snyk had agreed to buy the Israeli application security posture management company, "founded in 2020 by former Wix application security experts – CEO Roy Erlich, CPO Chen Gour Arie and CTO Barak Tawily". It said Israeli media put the price at $45–50 million.[12] Tawily told Geektime that, when his requests for a cyber unit were turned down, he went to a combat unit for a shortened period of military service.[13]
- Helios (2024): on 16 January 2024 Snyk announced the purchase of the Tel Aviv runtime-data company.[14] It was founded by Eli Cohen, whom Snyk describes as "an alumnus of the elite Israeli intelligence unit 8200", and Ran Nozik.[2][15]
Ctech reported that by the end of 2023 Snyk had spent "more than $40 million on acquisitions, including Israel-based Enso Security and Helios".[7]
See also
- Guy Podjarny
- Assaf Hefetz
- Danny Grander
- Peter McKay
- Tessl
- Unit 8200
- Cyber and tech firms founded by ex Unit 8200 or occupation forces veterans
External links
Notes
- ↑ 1.0 1.1 1.2 1.3 Uri Berkovitz, Snyk raises $300m at $4.7b valuation Globes, 10 March 2021, accessed 21 October 2026.
- ↑ 2.0 2.1 Globes correspondent, Snyk buys Israeli runtime data co Helios Globes, 16 January 2024, accessed 21 October 2026.
- ↑ Jon Sakoda, Guy Podjarny, founder of Snyk: building conviction on a contrarian bet The Decibel Podcast (transcript), accessed 21 October 2026.
- ↑ Danny Grander, Danny Grander – Grander Ventures grander.io (personal website), accessed 21 October 2026.
- ↑ Cognyte Software Ltd, Exhibit 8.1: Subsidiaries of Cognyte Software Ltd. US Securities and Exchange Commission (annual report filing, 2026), accessed 21 October 2026.
- ↑ Ofir Dor, Cybersecurity co Snyk raises $300m at $8.5b valuation Globes, 9 September 2021, accessed 21 October 2026.
- ↑ 7.0 7.1 7.2 CTech, Snyk’s CEO steps aside, arguing the AI era demands a different kind of leader Ctech, 22 February 2026, accessed 21 October 2026.
- ↑ Assaf Gilead, Cybersecurity co Snyk lays off 14% of workforce Globes, 24 October 2022, accessed 21 October 2026.
- ↑ Snyk, Snyk Leadership Team Snyk (Snyk-side), accessed 21 October 2026.
- ↑ 10.0 10.1 Snyk, Snyk Board Snyk (Snyk-side), accessed 21 October 2026.
- ↑ 11.0 11.1 Companies House, SNYK LIMITED (09677925): officers Companies House, accessed 21 October 2026.
- ↑ Globes correspondent, Snyk buys Israeli co Enso Security Globes, 8 June 2023, accessed 21 October 2026.
- ↑ Geektime, ה-CTO הישראלי שניהל את אבטחת היישומים של 5 אחוז מהאינטרנט הקים עם חברים חברת סייבר (The Israeli CTO who managed application security for 5% of the internet founded a cyber company with friends), Geektime (Hebrew), 2 May 2023, accessed 21 October 2026.
- ↑ Snyk, Snyk Acquires Runtime Data Pioneer Helios, Empowering Global AppSec Teams with Unparalleled Cloud-to-Code Risk Visibility Snyk (press release, Snyk-side), 16 January 2024, accessed 21 October 2026.
- ↑ Snyk Labs, Eli Cohen – Director of Technology Incubation Snyk Labs (Snyk-side), accessed 21 October 2026.