Snyk hits $300M ARR but isn’t rushing to go public

Quick Summary:

Several factors indicate that Snyk, most recently valued at $7.4 billion, could IPO soon.

McKay estimates that AI-generated code includes 30-40% more vulnerabilities, especially when used by junior devs.

This gives more opportunities for Snyk’s security tools.“It’s definitely been a tailwind,” he said.

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Article Details

Author / Journalist: Charles Rollet

Category: Technology

Markets: United StatesChina

Topics: Developers AI Exclusive Snyk IPO Security Coding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 22:38:28 (6 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Readers: 53 people read this story

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24177854

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