7 years ago

Snyk Raises $7 Million to Secure Open Source Libraries

  • Snyk, a London-based provider of a solution for addressing vulnerabilities in open source libraries, has secured $7 million in Series A funding led by Boldstart Ventures and Canaan Partners

  • The funding will be used to deploy additional product offerings, scale beyond the 20 languages and platforms it currently supports, and expand its customer base

  • The company's platform integrates into the developer workflow, connecting with source control, CI/CD pipelines, and continuously monitoring PaaS and Serverless apps in production to proactively fix found issues

  • Snyk relies on its proprietary vulnerability database, maintained by its security research team in Israel, and has partnerships with Heroku, JFrog, and Microsoft Sonar

  • Current customers include Auth0, Digital Ocean, and Skyscanner.

      • ProblemTechnology

      "Developers are increasingly using open source libraries, but these libraries can contain vulnerabilities that can be exploited by hackers. This makes it difficult for companies to keep their software secure."

      Solution

      "Snyk provides a platform that helps developers identify and fix vulnerabilities in open source libraries. The platform integrates into the developer workflow, connecting with source control, hooking into CI/CD pipelines, and continuously monitoring PaaS and Serverless apps in production to proactively fix found issues."

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