The company, which helps developers identify potential issues in their code, is not scaling back on its acquisition strategy, having bought smaller firms like Helios and DeepCode in recent years. McKay also noted that the rise of AI coding tools, which he believes generate 30-40% more vulnerabilities, could provide more opportunities for Snyk's security tools, as the number of developers using its platform has increased over the past year.
Key takeaways:
- Snyk, a developer security startup, is not rushing to go public despite drafting an IPO prospectus and hitting $300 million ARR, according to CEO Peter McKay.
- McKay believes that regulatory conditions will improve in 2026, making it a more favorable time for the company to go public.
- Snyk has raised over $1 billion and plans to continue its strategy of acquiring smaller firms in the dev security space.
- Despite the rise of AI coding tools, Snyk has seen an increase in the number of developers using its platform, and McKay believes AI-generated code could provide more opportunities for Snyk's security tools.