Snyk announces acquisition of DeepCode

DeepCode, News

23rd September 2020

DeepCode, the provider of real-time semantic code analysis powered by AI, has signed an agreement to be acquired by Snyk.

Snyk is the leader in developer-first cloud native application security and it’s comprehensive platform will be significantly advanced by integrating and building on DeepCode’s AI engine. The deal is expected within the next two months, following satisfaction of customary pre-closing conditions.

2.5 years after we led DeepCode ‘s pre-seed round upon incorporation of the company, we’re happy to see that DeepCode and Snyk will join forces to create the leading AI-powered security platform. Having just raised another USD 200m, valuing Snyk at more than USD 2.6bn, the DeepCode acquisition is the absolute icing on the cake.

Thanks a lot, Boris Paskalev, Veselin Raychev and Martin Vechev, for letting us take part in this short but successful part of DeepCode’s journey. We at btov wish you the best of luck moving forward! Also, a huge thank you goes to Joachim Schoss and Thomas Hofmann, who initially shared the investment opportunity with us. Once again, this is a testament to the power of our sourcing engine led by our trusted business angels.

Read more here.

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