Forbes October 2, 2024
Artificial intelligence has revolutionized industries across the board, but nowhere has its impact been more profound than in cybersecurity. As enterprises adopt AI to drive innovation and accelerate development, new vulnerabilities arise, especially in AI-generated code.
Snyk is at the forefront of addressing these challenges and recognizing the growing importance of AI-driven solutions in protecting the modern enterprise. The company just announced that its AI-native Snyk Code has crossed the milestone of $100 million in annual recurring revenue, and that it is nearing cash flow positivity.
Snyk Code’s $100 Million Milestone: AI-Driven Growth
Surpassing $100 million in ARR, Snyk Code now represents one-third of Snyk’s overall revenue, illustrating the demand for AI-native security tools. Enterprises are increasingly aware that traditional...
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