Category Archives: Guy Podjarny

Snyk gets $22 million for platform that tracks security flaws in open source projects

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Snyk, a startup that aims to make the use of open-source code libraries more secure, announced Tuesday that it raised $22 million in its Series B investment round. The company has a security research team that maintains a database of vulnerabilities found in open source libraries, as well as their patches. Customers using Snyk can be alerted to security flaws in the code they’re using and fix them. Snyk says it’s continuously protecting more than 140,000 projects, which account for about 580,000 vulnerabilities every month. Snyk watches code repositories on platforms like GitHub, Bitbucket and GitLab. In June, the company also announced a container vulnerability management service, entering a field where other startups are trying to specialize. With offices in London, Tel Aviv and Boston, Snyk (pronounced “snick”) boasts “over 200 large enterprise customers” and claims that its revenue has grown by a factor of five in nine months. The company says […]

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Open source security platform Snyk raises $7 million in Series A funding round

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Snyk, a London-based startup that provides security for open source libraries, has raised $7 million in its Series A funding round, the company announced on Tuesday. The company bills itself as a “developer-first security solution that helps you use open source code and stay secure.” Snyk runs a vulnerability database that it uses to protect its customers who use open source code. “Security controls must adapt to the new pace open source and cloud dictate. Failing to do so is what led to the recent breaches at Equifax, Uber, and the Tesla cloud breach. We’re relying on strangers’ code to run the most sensitive aspect of our business, and do so at neck-breaking speed,” said Guy Podjarny, Snyk’s CEO and co-founder. “Traditional security solutions simply cannot keep up.” Snyk says it will use leverage the new funding to “deploy additional product offerings that improve the secure usage of open source for developers.” […]

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