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Snyk

Snyk is the leader in developer security. We empower the world’s developers to build secure applications and equip security teams to meet the demands of the digital world. Our developer-first approach ensures organizations can secure all of the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings and an overall improved security posture. Snyk’s Developer Security Platform automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 2,500+ customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce. Snyk was named a Leader in the 2023 Gartner Magic Quadrant™ for Application Security Testing (AST) and in The Forrester Wave™: Software Composition Analysis (SCA) 2023, and has been recognized on the Forbes Cloud 100 2022 along with the 2023 CNBC Disruptor 50. For more information, visit https://snyk.io.

https://snyk.io/what-is-snyk/
1,001-5,000 employees

Growth Trajectory

Snyk's growth potential lies in expanding its AI-powered security capabilities, securing AI-generated code, and extending its integrations across the SDLC. The company's acquisition of Probely and focus on zero-day vulnerability fixes signal a commitment to innovation and market expansion, particularly in the realm of API security testing and Application Security Posture Management (ASPM). Snyk is also targeting the public sector, indicating a potential for growth in government and related industries.

Technical Challenges

Tech Stack

Team Size

Key Risks

Competition from established players like Veracode, Checkmarx, and Synopsys.
Challenges in securing AI-generated code and mitigating related risks.
Keeping pace with the rapidly evolving threat landscape, including zero-day vulnerabilities.
Potential difficulties in scaling infrastructure to support growing enterprise needs.
The need to continuously improve security intelligence and reduce false positives in code scanning.

Opportunities

Leveraging AI and machine learning for enhanced vulnerability detection and remediation.
Expanding integrations with development tools and platforms to further embed security into the SDLC.
Capitalizing on the growing demand for developer-first security solutions.
Extending security policies to infrastructure as code (IaC) and cloud resources.
Securing AI-generated code
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