News Reader.info

FOUNDERS: Guy Podjarny, Assaf Hefetz, Danny Grander CEO: Peter McKay LAUNCHED: 2015 HEADQUARTERS: Boston Funding: $470 million VALUATION: $4.7 billion Key technologies: Cloud computing

Industry: Cybersecurity PREVIOUS APPEARANCES ON DISRUPTOR 50 LIST: 0 Persephone Kavallines As the pandemic pushed more companies to do business online, criminal hackers wreaked havoc that

crept all the way to the top, compromising the enterprise software of tech heavyweights like SolarWinds and Microsoft. Perhaps that's one reason why Snyk (pronounced "sneak,"

and a fitting acronym that means "so now you know") was one of the biggest beneficiaries of more than $3.8 billion that investors plowed into cybersecurity last year. As more

companies seek to bolster and modernize their security online, Snyk offers open-source software that allows the company to identify vulnerabilities throughout the development process, rather

than outsourcing the work to a separate firm. The Boston-based company says it has identified more than 4.5 million vulnerabilities to date. It's known as "cloud-native"

technology, engineered by Snyk to speed up production and help enterprises prevent future security issues. MORE COVERAGE OF THE 2021 CNBC DISRUPTOR 50 Meet the 2021 CNBC Disruptor 50

companies Why Robinhood is No. 1 and ready to go public A look back at the CNBC Disruptor 50: 9 years, 233 companies When disruption becomes a force for good — and bad Cybereason CEO told

world about DarkSide from a bomb shelter The new tech taking on trillions of pounds of trash How Relativity Space is reinventing the rocket Audio and the future of social It's not a

vaccine passport, but more people travel 'CLEAR' How we choose Disruptor companies In 2019, four years after starting Snyk, the company brought in a new CEO. Co-founder Guy

Podjarny transitioned into the role of president and chairman of the board, while bringing in early investor and VMWare veteran Peter McKay to take the chief executive post. The company

largely generates revenue by selling and licensing the software to its more than 700 customers, including Google, Salesforce and Twilio. Over the past year, Snyk launched two new products

and says it increased revenue by 200% year-over-year, becoming a unicorn now valued at $4.7 billion. The company also announced a strategic partnership with IBM and made two acquisitions:

DeepCode, a Zurich-based AI-powered code analysis company, and Manifold, a Canadian cloud-native marketplace for developers. In October, Snyk also pledged to begin reducing its carbon

footprint to zero by offsetting emissions of 2,400 metrics tons, according to the company's website. In tandem, the company hosted its first-ever virtual user conference, SnykCon,

donating 100% of proceeds to the Bill & Melinda Gates Foundation. The company has raised $470 million from investors, including Accel, Tiger Global Management, Atlassian and Franklin

Templeton Investments. —_Contributed by Riley de León_ SIGN UP _for our weekly, original newsletter that goes beyond the list, offering a closer look at CNBC Disruptor 50 companies, and the

founders who continue to innovate across every sector of the economy._