Snyk ARR hits $300M

Dec 10, 2024

  • Snyk is a developer-oriented cybersecurity platform designed to help developers find and fix vulnerabilities in their code, open-source dependencies, containers, and cloud infrastructure.


  • Founded in 2015, Snyk integrates seamlessly into existing development workflows, offering both Static Application Security Testing (SAST) and Dynamic Application Security Testing (DAST) solutions. It is a cloud-native tool that prioritizes security issues, making it easier for development and security teams to collaborate effectively.


  • Snyk announced that it has surpassed $300 million in annual recurring revenue (ARR), marking a substantial growth milestone for the company. This achievement reflects a 50% increase in revenue from the previous year, where it reported $220 million in ARR while also reducing its losses by 33% to $176 million. CEO Peter McKay emphasized that this growth demonstrates the sustainability of Snyk's developer security vision and its long-term viability for customers and stakeholders.