Snyk Surpasses $300 Million ARR, Eyes IPO by 2025

 Snyk, an Israeli cybersecurity company, has surpassed $300 million in annual recurring revenue (ARR). This milestone highlights the company's growth and the lasting impact of its developer security platform. In 2023, Snyk's revenue grew 50%, and its losses decreased by 33%. The company also acquired two Israeli startups, Enso Security and Helios, for a total of $35.6 million. Snyk, founded in 2015, has raised significant funding and is preparing for a potential IPO, with plans for a public offering in 2025.

https://www.calcalistech.com/ctechnews/article/bymlg4mejl

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