<ul><li>Developer security startup, Snyk, valued at $7.4 billion, is not rushing to go public despite hitting $300 million annual recurring revenue (ARR).</li><li>CEO Peter McKay says the company has $435 million in the bank, expects to be cash flow positive in 2025, and will choose the right time for an IPO.</li><li>McKay believes regulatory conditions will improve next year, but sees 2026 as a more favorable time for Snyk to go public.</li><li>Snyk plans to continue acquiring smaller firms in the developer security space, while AI-generated code with vulnerabilities presents growth opportunities for their security tools.</li></ul>

Snyk hits $300M ARR but isn’t rushing to go public

Discover more