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2021-12-24

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Cybersecurity Startup Snyk Is Said to Plan 2022 IPO

Boston-based company is in talks with banks on listing Snyk’s backers include Tiger Global, Coatue,

Cybersecurity Startup Snyk Is Said to Plan 2022 IPO

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Its ability to incorporate security features during the development process is designed to counter increasingly sophisticated attacks.\nSnyk Chief Executive Officer Peter McKay said in an interview in March 2021 that the Boston-based company’s goal is to go public over the next couple years.\nCybersecurity has been a busy area of tech dealmaking this year.SentinelOne Inc. went public in June and has seen its stock rise close to 50% since then, while McAfee Corp. announced last month that it would be acquired for over $14 billion, including debt.\nSnyk has raised over $1 billion in capital dating back to 2016, according to data provider PitchBook. 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