Snyk is entering a new phase of its growth story, balancing stronger revenue with a significant restructuring of its workforce. The London and Tel Aviv founded cybersecurity company generated more than $300 million in revenue during 2025, while a newly disclosed filing reveals that it cut more than 200 jobs this year as it looks to improve efficiency and control costs.
The company, which is now headquartered in Boston, has spent the past decade building security tools around the needs of software developers. Its latest restructuring comes as the cybersecurity market changes rapidly, with companies facing growing risks from traditional software vulnerabilities as well as artificial intelligence and autonomous coding systems.
More Than 200 Jobs Cut
According to a new Companies House filing, Snyk reduced its workforce by approximately 203 employees in June, representing about 20% of its global workforce at the time.
The scale of the reduction was significantly larger than earlier reports that had suggested around 90 employees would be affected. Snyk said the cuts were intended to increase operational efficiency and streamline expenses.
The company employed around 990 people at the end of 2025. Workers in the United States and Israel were reportedly among those affected. Snyk expects the restructuring to result in costs of up to $13.8 million.
The layoffs represent another major workforce adjustment for a company that has undertaken several rounds of job reductions in recent years.
Revenue Tops $300 Million
Despite the workforce reduction, Snyk continued to expand its revenue base during 2025.
The company’s latest financial figures show revenue increased 11% to approximately $309 million for the year. Snyk attributed the growth primarily to new customer wins, indicating continued demand for developer focused cybersecurity tools.
However, the stronger revenue performance did not translate into narrower losses. The company’s loss increased from $169 million to $189 million, with Snyk pointing to higher investment levels as a factor behind the deterioration.
The figures highlight the challenge facing large venture backed cybersecurity companies. Revenue growth remains important, but investors are increasingly paying attention to operating efficiency, sustainable margins and the ability to translate technology investments into profitable growth.
From Developer Security to AI
Snyk was founded in 2015 and originally built its reputation around helping developers identify and fix vulnerabilities in open source software. The company’s platform has since expanded across application code, open source dependencies, containers and infrastructure.
Today, Snyk describes itself as an AI security company, reflecting a significant expansion of its ambitions. Its platform is designed to secure software created by both human developers and AI systems, while providing security teams with visibility and governance across the development lifecycle.
The company’s developer first approach remains central to its products. Snyk integrates security checks into environments such as IDEs, source control systems and CI/CD pipelines, allowing vulnerabilities to be detected and addressed earlier in the development process.
A Bigger Bet on Agentic AI
Snyk has also moved aggressively into the emerging market for AI security.
In June 2025, the company acquired Invariant Labs, an AI security research firm focused on threats affecting agentic AI systems. Snyk said the acquisition would strengthen its ability to protect AI applications against emerging risks, including tool poisoning and vulnerabilities involving the Model Context Protocol.
The company’s current AI Security Platform goes beyond conventional application security. It is designed to assess the code AI systems generate, the models and agents they operate, and the applications they build. Snyk also positions itself as an independent validation layer, separating the system generating software from the system responsible for checking its security.
Growth Meets Restructuring
Snyk’s latest numbers therefore present a mixed picture. Revenue has crossed the $300 million threshold and customer wins continue to support expansion, but losses remain substantial and the company is cutting its workforce to improve efficiency.
Founded in London and Tel Aviv, Snyk has grown from a developer security startup into a broader cybersecurity platform with a global presence.
Its next phase will depend on whether it can convert its investments in AI security and developer tooling into faster growth and stronger financial performance. As AI changes how software is built, Snyk is betting that securing that new development ecosystem can become its next major growth engine.
