Snyk raises $22 million to address security vulnerabilities in open source code

A software service startup Snyk from the UK announced that it had raised $22 million to block the growing security vulnerabilities in open source systems.

Founded in 2015, Snyk aims to help developers find and fix vulnerabilities in open source code before they go into production. They use machine learning to detect and analyze potential weaknesses in GitHub and BitBucket’s code repositories to understand which open source components each person is using, mark vulnerable segments, and then fix these vulnerabilities automatically through patches built by their security team.

Snyk CEO and co-founder Guy Podjarny said in a statement: “Our mission is to fix open source security, and that can only be done from within the open source community. This investment is a humbling validation of the impact that security-conscious developers have, and lets us expand open source security into runtime while continuing to serve these amazing users.”

Podjarny added that they would plan to use these funds to develop more features and expand the scope of protection. From fixing known vulnerabilities in open source components to monitoring and protecting them at runtime.

Via: VentureBeat