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Get StartedThings you can ask Sterling:
| Metric | Value | As of / source |
|---|---|---|
| ARR | About $300 million | Dec 2024, CEO to TechCrunch |
| Cash | $435 million | Dec 2024, CEO to TechCrunch |
| 2025 cash burn target | No cash burn in 2025 (CEO target, not a result) | Dec 2024 |
| 2022 growth (Series G PR) | Revenue +100% YoY; NRR >130% | FY2022, company PR |
| Date | Event | Source class |
|---|---|---|
| 2021-09 | Series F $530 million at $8.5 billion | Company PR |
| 2022-12 | Series G $196.5 million at $7.4 billion, QIA | Company PR |
| 2024-12 | CEO: about $300 million ARR, $435 million cash, no rush to IPO | TechCrunch interview |
| Round (date) | Amount raised | Post-money valuation | Lead / notable investors |
|---|---|---|---|
| Series F (2021-09) | $530 million ($300 million+ primary) | $8.5 billion | Sands Capital and Tiger Global; Accel, Coatue, BlackRock, Temasek |
| Series G (2022-12) | $196.5 million | $7.4 billion (down round) | Qatar Investment Authority; Evolution Equity, G Squared, Sands, Tiger Global |
| Module | What it covers | Role |
|---|---|---|
| Snyk Open Source | CVE and license scanning of dependencies | Original product |
| Snyk Code | First-party SAST in the IDE and CI | Grew with AI coding assistants |
| Containers / IaC / Cloud | Image, Terraform/K8s, and cloud misconfig scanning | Platform attach beyond AppSec |
| Developer workflow | Fixes in GitHub, GitLab, Jira, and IDEs rather than a late-stage scanner | Company thesis versus legacy AST |

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Developer-first AppSec. IPO candidate, not on the public roster. Supply-chain and code security, not endpoint.