Snyk’s AI-Native SAST Product Passes $100M in ARR
Oct 3, 2024
Snyk Code is a security tool designed to enhance code security while maintaining a developer-friendly experience.
It allows developers to scan their source code quickly, providing immediate feedback and remediation advice without the need for lengthy SAST (Static Application Security Testing) reports.
The growth of Snyk Code is attributed to increased demand from enterprise clients, with a reported over 40% year-over-year increase in ARR from this segment. In the second quarter of 2024, more than 70% of new net additions came from enterprise customers.