Snyk's AI-Native SAST Product Passes $100M in ARR
ARMOUR Residential REIT(ARR) GlobeNewswire News Room·2024-10-02 20:00
BOSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Snyk, a leader in developer security, announced today that its AI-native Static Application Security Testing (SAST) product, Snyk Code, generates $100M in ARR1, representing approximately one-third of Snyk’s total ARR today. The company is also continuing to make progress towards cash flow positivity, while at the same time maintaining operational efficiency, with approximately 80% in gross margin and a growing customer base exceeding 3,100. SAST has become a founda ...