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Snyk hits $300M ARR but isn’t rushing to go public
Several factors indicate that Snyk, most recently valued at $7.4 billion, could IPO soon. But the CEO told us why it might not.
The firm also hit $300 million ARR recently and says it’s on track to be cash flow positive in 2025 CEO Peter McKay posted on LinkedIn earlier this week. But Snyk is not cutting back on its strategy of acquiring smaller firms in the dev security space like Helios this year and DeepCode in 2020, both for undisclosed sums. There’s a lot of hype around AI coding tools replacing developers, which could, one day, be a problem for Snyk’s business model.
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